The seven-year-old company, in which Facebook-backer Accel Partners invested $40 million (R526.5 million) in 2014, will open a regional office in South Africa this year.
South Africa is its largest market on the continent in terms of money-transfer value, founder and chief executive Ismail Ahmed said in an interview.
Another site will start operating in Kenya, where the London-based business sees Africa’s highest number of individual transactions.
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“In the next two years we should be doubling our volume every year,” Ahmed said in Kenya’s capital, Nairobi.