Syka is on a mission to level the global playing field for African entrepreneurs. We're building payment infrastructure that eliminates the "geography tax", the systematic barriers that prevent African businesses from competing globally. The Problem We Solve Right now, 200 million African entrepreneurs face discrimination in global payment systems. Stripe operates in only 46 countries, excluding 76% of the world. PayPal restricts withdrawals in most African markets. Traditional bank transfers incur fees of 8-15% and take up to 7 days to settle. This isn't a technology problem; it's discrimination based on geography. Our Solution Syka provides African businesses with the same payment infrastructure available in San Francisco or London: 1. Collect payments globally via payment links, invoicing, and APIs 2. Send payments instantly to suppliers, teams, and vendors worldwide 3. Store value safely in USDT/USDC to protect against currency volatility 4. Manage multi-currency treasury with real-time visibility and forecasting All at 0.75% transaction fees with instant settlement, no geographic restrictions, no hidden charges, no arbitrary account freezes.
| Website | https://sykabank.com |
| Employees | 11 (11 on RocketReach) |
| Founded | 2021 |
| Address | 1415 Bali Ct, San Jose, California 95122, US |
| Phone | +233 20 172 7204 |
| Industry | Financial Services |
| Keywords | Digital Banking, Banking Platform, Financial Technology, Fintech, Online Banking, Financial Inclusion, Digital Finance, Mobile Banking, Financial Freedom, Banking App, Financial Services, Payment Solutions, Online Payments, Mobile Payments, Financial Management, Personal Finance, Saving Accounts, Checking Accounts, Investment Accounts |
| Competitors | Ally, Revolut, SoFi, Chime, Cash App, Robinhood, N26, Venmo, Simple Finance, Marcus +39 more (view full list) |
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Kelvin Asare-Obuobi is the Co-Founder and Head of Product of Syka.
11 people are employed at Syka.
Syka is based in San Jose, California.