Bani Says it Processed $100M Volume in 2026, Profitable

In Short

• Bani says it processed $100 million in total traded volume in 2026 and remains profitable.
• The fintech is focused on cross-border payments for African businesses, aiming to reduce multi-day settlement times.
• Bani says customers can save up to 25% on cross-border transaction fees.

What Happened

Bani is positioning itself as cross-border payments infrastructure, meaning it builds the behind-the-scenes rails that help businesses send and receive money across African countries.

In a Techpoint Africa profile published on August 25, 2026, the company said it has processed $100 million in 2026 total traded volume and is still profitable. The profile also notes Bani raised $250,000 in seed funding in 2022 from Microtraction and another foreign firm.

Bani’s CEO, Rodney Jackson-Cole, said the company is not planning to raise additional funding soon. Instead, the focus is on scaling through product execution and direct bank integrations.

Direct bank integrations mean Bani connects more closely with banks’ systems, rather than routing payments through several middlemen. For many African corridors, cross-border transfers still rely on correspondent banking, where a local bank routes money via partner banks in Europe or the US.

That model can be slow and expensive. Businesses may wait three to seven business days for settlement, and fees can stack up across institutions.

Why It Matters

Cross-border payments are a major bottleneck for intra-Africa trade, especially for SMEs that need predictable cash flow. “Settlement” is the time it takes for money to fully arrive and be usable by the recipient, not just show as pending.

If Bani can consistently shorten settlement times and lower FX and transfer fees, it could improve working capital for merchants and exporters. The company claims customers can save up to 25% on cross-border transaction fees, which can be meaningful at scale.

The timing also fits the market trajectory. A 2025 estimate by Oui Capital put Africa’s cross-border payments market at $329 billion, with projections reaching $1 trillion by 2035.

Bani’s bet is simple, reliable payment rails and profitability-first operations. In a tighter funding market, that combination can help a payments company survive long sales cycles and regulatory demands across multiple countries.