Union54
Overview
Union54 is a Lusaka fintech founded in 2020 that built card issuing infrastructure for African software companies. Its API let businesses launch debit and virtual cards without a bank sponsor. The company was the first Zambian startup to join the Y Combinator programme.
Funding and backers
Total raised
$12M
1 round on record
Latest round
$12M
Seed · Apr 2022 · 4 yr ago
Backers
3
Y Combinator, Runa Capital
The money's age
Long since its last round
54 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
2 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Apr 18, 2022
Raised a round Seed $12M · led by Tiger Global Management · TechCrunch
Jun 2021
Went through Y Combinator
2020
Founded
Tractionpublic signals, read monthly
Web presence
top 7%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Seed | Apr 2022 | $12M | Tiger Global Management lead | TechCrunch |
Backed byfrom the funds' portfolios and accelerator catalogs
Y Combinator 
Runa Capital 
Ventures Platform Investors in similar startupsfunds that back the companies most like this one
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Financials
Total raised
$12M
Latest round
Seed
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Seed | 2022 | $12M | Details |
Connections
List
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Shared investors
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Owner
Same company
Same group
Likely
News
Union54 Ventures into Africa's Super App Landscape with 'ChitChat' Launch
Union54, a provider of innovative digital financial solutions, and Mastercard, a global payments technology company, jointly announced...
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Report
After chargeback fraud debacle, Union54 CEO says fintech in Africa
Last July, TechCrunch reported that customers of several fintech apps couldn't access the virtual dollar card services that these platforms provided. At the heart of this issue was chargeback fraud that Zambian startup Union54 was battling. The YC-backed
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Report
After chargeback fraud debacle, Union54 CEO says fintech in Africa 'isn't child's play'
Nine months after Union54 encountered overwhelming chargeback fraud that made it shut down temporarily, its CEO shares some lessons.
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Report
Union54 raises $12M led by Tiger Global
Zambian card-issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global.
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Report
Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Lusaka
Zambia
HQ