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SofizPay

Can a GIE Monétique-certified Algerian payment gateway become the financial super app for Algeria's 45+ million citizens by owning the CIB and Edahabia rails and layering on digital wallets, top-ups, and merchant services?

Founded2024
HQMecheria, Naama, Algeria
Total raised$15,000
Latest roundPre-Seed, 2024
IndustryFintech / SMB banking
The story

Founded in 2024 as an Algerian payment gateway providing direct API access to CIB (interbank card) and Edahabia (Algeria Post card) rails — two of the only widely available digital payment instruments in Algeria. The company quickly broadened its scope beyond pure gateway into a Super App, layering on a digital wallet, P2P transfers, telecom top-ups, and bill payments, positioning itself as the infrastructure backbone for Algeria's nascent e-commerce ecosystem. Its Web3 / blockchain branding reflects an early positioning as 'Algeria's first blockchain payment solution', though the operational rails are traditional Algerian interbank networks. The company remains very early-stage with only ~5 employees and $15K in disclosed funding.

Last 12 months
2025-10
2025-12
Product timeline
2024
SofizPay launched in Algeria with a team of 5, offering an electronic payment gateway connecting merchants to CIB and Dahabia (Edahabia) card rails.· payments
2025
Rapid growth to 10,000+ active users; expanded to 48 cities and 500+ partner merchants across Algeria.· banking
2025
Launched Super App features including digital wallet, P2P transfers, QR payments, mobile top-up (Ooredoo, Djezzy, Mobilis, Idoom), bill payments (ADE, Sonelgaz), and digital products marketplace.· banking
2025
Published developer API documentation, WooCommerce plugin, and SDK support (Node.js, Python, PHP) to enable merchant integrations.· payments
2025
Obtained GIE Monétique certified payment module status — the Algerian interbank card network certification.· payments
The stack
1 layer disclosed in SofizPay’s embedded-finance stack
Payments / PSP
SofizPay (self-operated)
Accounting gap: significant