Kyshi

Kyshi is a UK-incorporated company (registration number 09736920) that operates as a Merchant of Record (MoR) for businesses selling into Africa. Through a single API, it enables merchants to collect payments in local currencies across South Africa, Nigeria, Ghana, Kenya and Côte d'Ivoire, and to settle those funds in GBP, USD, EUR, CAD or CNY. Kyshi connects merchants to local payment partners so customers can pay via credit and debit cards, e-wallets and bank transfers, with multi-currency support and real-time currency conversion.

The product range is organised around Kyshi Collections (payment acceptance), Kyshi B2B (business-to-business payments in emerging markets), fraud and risk management, and Kyshi Integration for market entry; the site also references Kyshi Bridge and developer documentation. Acting as MoR, Kyshi assumes sales tax, VAT/GST compliance and data-privacy obligations on behalf of its merchants, and supports cross-border payouts to vendors and suppliers inside and outside Africa.

Beyond payments, Kyshi offers adjacent market-entry services: localized marketing campaigns, warehousing and logistics across Africa covering shipping, storage and inventory, and local customer-support teams operating in local languages and cultural contexts.

Business model

Kyshi acts as the merchant of record for client businesses, taking on payment acceptance, currency conversion, settlement, tax and regulatory compliance in African markets, and layers on paid ancillary services such as localized marketing, warehousing and logistics, and local customer support.

The company markets a Merchant of Record service with fees associated with its payment processing and integration offering; the website references costs for the MoR solution and low transaction fees, without disclosing specific pricing.

Traction

The company reports more than $300 million in payments processed over more than three years and more than 500 global business customers transacting across multiple countries.