# Spring in Africa

> Spring in Africa is a Nigerian-rooted fintech that lets people and small businesses send, receive, and hold money across borders in both fiat and crypto. It began as Wallet.ng, grew into Wallets Africa, and in 2023 launched Spring, a multi-currency wallet that pairs an instant account number, cashback, and payment links with Ethereum and stablecoin transactions shown in plain USD. Backed by Y Combinator (W19), Michael Seibel, Microtraction, Samurai Incubate, and Mozilla, the company has processed millions of dollars a month for tens of thousands of consumer and business accounts.

- **Founded:** 2018
- **Headquarters:** Lagos, Nigeria (US presence in San Francisco, California)
- **Founders:** John Oke (Founder, Chairman and CEO)
- **Team size:** ~17 employees
- **Products:** Spring (multi-currency wallet), Wallets Africa app & card, Payment Links, Airtime purchase, Wallet.ng
- **Notable:** Selected for Y Combinator Winter 2019 batch, Grew monthly transaction volume from ~$2M to over $7M after YC, Reached ~250,000 consumer wallets and 20,000+ business accounts

## Products & services

- **Spring (multi-currency wallet)** — A wallet offering instant account onboarding, cashback on transactions, and Ethereum/stablecoin transfers with values displayed in USD.
- **Wallets Africa app & card** — Consumer app and card for sending, receiving, and spending money across Africa, with instant reversal of failed transactions and transparent fees.
- **Payment Links** — Custom links that let businesses and individuals collect payments via bank transfer or cryptocurrency.
- **Airtime purchase** — Buy mobile airtime directly from a fiat wallet balance.
- **Wallet.ng** — The original Nigerian digital wallet that seeded the company before rebranding to Wallets Africa.

## Achievements

- Selected for Y Combinator Winter 2019 batch
- Grew monthly transaction volume from ~$2M to over $7M after YC
- Reached ~250,000 consumer wallets and 20,000+ business accounts
- Raised ~$1.6M from investors including Michael Seibel, Microtraction, Mozilla, and Samurai Incubate
- Participated in the Ecobank Fintech Challenge 2018
- Founder attended a16z Crypto Startup School (2020)
- Launched Spring, a multi-currency crypto-fiat wallet, in October 2023

## Latest updates

- **2023-10** — Launched Spring, a multi-currency wallet with cashback and Ethereum transactions shown in USD.
- **2020-06** — Raised fresh capital from Samurai Incubate, Mozilla, and Michael Seibel.

## Links

- Website: https://springinafrica.com
- LinkedIn: https://www.linkedin.com/company/springinafrica
- Twitter/X: https://twitter.com/walletsafrica
- Instagram: https://www.instagram.com/walletsafrica/
- Facebook: https://facebook.com/thewalletsafrica

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Profile page: https://yespress.io/spring-in-africa-yc-w19
Published by YesPress — https://yespress.io
Last updated: 2026-07-30