AccelereX
Delivering secure electronic payment and business management solutions across Africa
What it does
Global Accelerex was founded in 2008 to provide electronic payment solutions, terminal management, and agency banking systems across Africa. Led by Group MD/CEO Tunde Ogungbade, the company develops hardware and software payment tools like POS terminals and merchant gateways. Notably, it received GSMA certification for its NEXGO N5 POS terminal and secured major funding from British International Investment and Africa Capital Alliance.
paymentsagency-banking
Known for
- POS hardware and software deployment
- Agency banking platforms (RexAgent)
- Merchant payment processing
- African cross-border merchant solutions
Model & industry
Managed Services / Fintech-in-a-boxBanking & Financial Services
Funding history
$20.0M
Total raised
1
Rounds
Private Equity
Latest stage
2020
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2020-11 | Private Equity | $20.0M | African Capital Alliance |
Source: Condia Funding Tracker
Products & subsidiaries
AccelereX POS Terminals · Merchant Acquiring HardwareRexPay · Payment Gateway