“Can a last-mile delivery platform in Africa become the payments and commerce OS for informal merchants by embedding cash-on-delivery collection, mobile money, and e-commerce fulfillment?”
Kwik launched in 2019 as a B2B on-demand last-mile delivery platform in Lagos, focused on digitizing informal African trade. After Series A funding in 2022, the company expanded beyond pure logistics into a three-pillar strategy — deliveries, e-commerce/fulfillment (KwikStore), and financial services (KwikPay). KwikPay bundles cash-on-delivery collection, card acceptance, and transfer collection, positioning Kwik as a payments-and-logistics hybrid for African social vendors and SMEs.
Kwik processes payments through Paystack and KwikPay (self-operated).
Kwik's cards run on Mastercard.
Kwik integrates with WooCommerce, Shopify, Magento and PrestaShop.
The Embedded Finance Index 2026 maps 3 layers in Kwik's stack: Payments / PSP (Paystack and KwikPay (self-operated)); Card network (Mastercard); Accounting (WooCommerce, Shopify, Magento and PrestaShop).
Kwik was founded by Romain Poirot-Lellig and Olivier Decrock and is founded in 2019, headquartered in Lagos, Nigeria (parent: Africa Delivery Technologies Holding B.V., Amsterdam).
Kwik has raised $5.9M in total (latest round: Series A, 2022).
Get a read on where your own stack stands against Kwik and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.