DreamOval is the foremost African tech start-up for all digital payment solutions.
Since its founding in 2007, the company’s product portfolio has evolved to cover omni-channel for retail and corporate payment solutions, mobile apps for key industry players. DreamOval built SlydePay; Stanbic Bank’s innovative payment app which was launched in 2015.
Over the past decade, DreamOval has perfected its innovationS and augmented its understanding of the financial and banking space. This is evident in its direct connection to the core financial industry in Ghana via partners like Fidelity Bank, ADB, Stanbic Bank Ghana, Prudential Bank, GCB Bank, and has powered collections for top-tier merchants in Ghana. Earlier this year, the company received its Enhanced Payment Services Provider Licence from the Bank of Ghana, enabling DreamOval to aggregate merchant services, process financial services; print and personalise EMV Cards; process inward international remittances; acquire merchants; deploy POS systems and aggregate Payments.
In the financial year 2020–2021, the company processed 1 billion USD worth of transactions, tripling its performance from the preceding year’s value of 300 million USD. Charles Kollo, SVP, Sales and Marketing, says: “We are working with the most advanced financial institutions in Africa and are supporting millions of users every day. We have a strong exponential growth because we are solving a real problem.” DreamOval is currently expanding its footprint across Africa. Since 2019, it now has operations in Cote d’Ivoire, Zimbabwe, and will soon launch operations in Guinea and Zambia.
DreamOval CEO, Claud Kweku Hutchful, says: “Being licensed by the Bank of Ghana means a lot to the growth of our industry, and opens doors to increased security and confidence in digital payments systems. We are very proud that our team has attained one of the highest levels of recognition.” “We believe that Ghana is fast becoming a hub for FinTech in Africa, and we are glad to play a major role in the export of financial technology to other parts of Africa and the world.” DreamOval has its sights on becoming one of the most valuable FinTechs in Africa by 2025.
Source: Africa Report