Kwik
“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?”
Founded2019
HQLagos, Nigeria (parent: Africa Delivery Technologies Holding B.V., Amsterdam)
FoundersRomain Poirot-Lellig, Olivier Decrock
Total raised$5.9M
Latest roundSeries A, 2022
IndustryLogistics / Last-mile delivery
The story
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.
Last 12 months
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Product timeline
2019
Launched on-demand last-mile delivery platform in Lagos, Nigeria· launch
2020
Launched KwikBites food delivery app and Mastercard cardholder discount partnership· partnership
2020
Released public API for merchants and e-commerce platforms (WooCommerce, Shopify, Magento, PrestaShop)· product
2022
Closed $2M Series A led by XBTO Ventures; expanded into e-commerce and financial services (KwikPay, KwikStore)· funding
2023
Partnered with MoMo PSB (MTN) to enable mobile-money payments for deliveries in Nigeria· partnership
The stack
3 layers disclosed in Kwik’s embedded-finance stack
Payments / PSP
PaystackKwikPay (self-operated)
Card network
in the full report
Accounting
in the full report
Accounting gap: significant
5 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.