Tekedia Capital Welcomes GrinaPay, Debt-Based Remittance Startup – Tekedia

Tekedia Capital is excited to back GrinaPay, a bold innovator in cross-border payments. GrinaPay introduces a debt-powered remittance model that lets customers support loved ones, cover obligations, or fund projects across borders without needing cash on hand first. Instead, users can remit now and repay later through a flexible credit facility.

Traditional remittances often require senders to have immediate liquidity in foreign bank accounts. GrinaPay reimagines that process by extending credit at the point of transfer. This approach helps customers manage cash flow more effectively while still meeting urgent commitments in Africa and other target markets.

How GrinaPay Works

• Remit now, pay later: Access a credit line to send funds internationally without an upfront balance.
• Flexible repayment: Settle balances in small, convenient installments tailored to personal cash flow.
• Project enablement: Finance cross-border projects and obligations without waiting to accumulate savings.
• Real estate support: Obtain guarantor notes for property transactions even without an immediate down payment.

These features aim to remove friction from cross-border finance, making it easier to help dependents, invest in assets, and move quickly when opportunities arise. By embedding credit into remittances, GrinaPay unlocks a large, under-tapped segment of the payments market.

Global Footprint and Momentum

GrinaPay’s model was validated and launched under the leadership of founder David Olumati Nwanguma (MBA). Initially developed in Dubai, the company now operates from Estonia with support as it scales across continents. This global posture positions GrinaPay to serve diverse corridors while maintaining a strong operational base.

Why This Matters

The intersection of credit and remittances addresses a real pain point: many people living abroad have strong earning potential but face timing gaps between income and urgent financial needs. GrinaPay’s solution offers a responsible, structured way to bridge those gaps, enabling:

• More predictable household support for families and dependents.
• Faster execution of business and personal projects across borders.
• Access to property-related opportunities without large upfront cash.

Looking Ahead

GrinaPay is opening a new fundraising round that includes both debt and equity to support continued growth and geographic expansion. The company’s vision is to make cross-border finance more inclusive by blending credit, convenience, and accountability into the remittance experience.

Tekedia Capital welcomes GrinaPay to our portfolio and looks forward to supporting its mission to modernize cross-border payments with a scalable, credit-first approach.