Company Information

Get to know Union54

Founded in 2021 by Perseus and Alessandra Boni, Union54 is a B2B fintech company headquartered in Lusaka, Zambia. The company provides an API that enables other businesses, such as fintechs and corporates, to issue their own branded virtual and physical debit cards (in partnership with Mastercard) without needing to be a bank or a licensed processor. Union54's mission is to simplify the process of card issuance in Africa, which has traditionally been complex and slow. The company was part of the Y Combinator S21 batch and aims to provide the essential infrastructure for African companies to build and scale innovative financial products.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Union54

Zambia

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.