TapFin processed $19.5M in GMV in December 2025, a seasonal high driven by holiday spending. Revenue scaled proportionally to $292K. The 1.5% take rate remains stable and in line with regional benchmarks.
Cash position of $3.2M at year-end provides roughly 12 months of runway at current burn. The team should begin Series B discussions in Q2 2026. Key risk: currency volatility in core markets continues to create FX headwinds on USD-reported metrics.
Metrics
Gross Merchandise Volume
Revenue
Take Rate
Cash on Hand
| Vehicle | Type | Round | Date | Invested | Shares | Price | FMV | |
|---|---|---|---|---|---|---|---|---|
| Fund II | Investment | Seed | Sep 1, 2023 | $350,000 | 350,000 | $1.00 | $1,977,500 | |
| Fund II | Investment | Series A | Dec 1, 2024 | $1,500,000 | 500,000 | $3.00 | $2,825,000 | |
| Fund II | Valuation Update | - | Dec 31, 2025 | - | - | $5.65 | $2,100,000 |
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Recent Interactions
View allFX hedging strategy
Kemi flagged Naira volatility impacting USD-reported metrics. Discussed hedging options and whether to open a USD treasury account for operational reserves.
Intro: Kemi Adeyemi <> Rachel Kim (PayBridge)
Connected Kemi with Rachel Kim from PayBridge to discuss cross-border payment infrastructure and potential integration for TapFin's merchant onboarding flow.
Founders
Kemi Adeyemi, Tobi Mensah
Contact
Overview
Embedded payments infrastructure for African merchants, processing card, mobile money, and bank transfers.
Why We Invested
First-mover in a rapidly digitizing payments market with 50M+ potential merchants.