Union54: valuation, funding rounds and share price

None of the 1 round we track for Union54 disclosed a valuation, so the company's valuation is not disclosed.

Union54 has raised $12M across 1 disclosed round tracked by Africa Markets. Valuations are as reported at announcement and may not reflect current value.

No. Union54 is a private company and its shares are not listed on a stock exchange, so there is no public Union54 stock price. No valuation has been disclosed in the rounds we track.

Union54 also appears as UNIO in the Africa Markets trading demonstration, a members-only preview of our marketplace. Prices there come from a demonstration call auction in which members trade with demo cash; they are not real market prices, not a valuation of Union54, and no real shares change hands. Members can view UNIO in the demonstration.

Union54 provides an API that enables African software companies and fintechs to issue and manage virtual and physical multi-currency debit cards without requiring a bank or third-party processor. The platform handles BIN sponsorship, transaction processing, settlement, and customization for use cases including digital banking, corporate expenses, and BNPL services. It was the first Zambian company accepted into Y Combinator (S21).

Following a major chargeback fraud incident in 2022 that led to a temporary halt in card issuing operations, the company pivoted and launched ChitChat, a secure messaging app with integrated digital wallet, USD-to-local currency conversion, P2P transfers, and virtual Mastercard debit cards (in partnership with Paymentology and Mastercard). ChitChat targets cross-border payments and social commerce across Africa, addressing high remittance costs.

The business model combines API usage, issuance, and transaction fees with consumer wallet and card revenue in ChitChat. It has served over 100 fintech clients historically and issued millions of cards prior to the 2022 disruption.