Yep! is a digital bank positioning itself as a financial super app offering payments, remittance and banking features for consumers, small businesses and merchants. The startup will leverage E‑Settlement’s existing agent network — which last year served over 5 million customers and 100,000 merchants transacting more than $2 billion — to convert offline customers online and expand into Francophone Africa. Yep! secured a microfinance license to hold agents’ and consumers’ funds, enabling cash‑in/cash‑out, digital accounts, cash issuance and bill payments. Product plans include account opening, debit card issuance, bill payments, credit financing and financial management tools; remittance products are being tested and checking/savings, credit cards and a physical bank for migrants are in the pipeline. The founders emphasize experience raising debt capital and data advantages to underwrite lending to agents; the company currently has a $500,000 credit facility to kick‑start working capital loans and is in talks to expand that to $10 million by the end of 2022. Yep! plans to go live across five markets where E‑Settlement operates (Nigeria, Niger, Burkina Faso, Ivory Coast and Togo) and aims to double its agent network to over 200,000 by the end of 2022 to boost financial inclusion.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022