In many African markets, importers face high transaction fees, sometimes as high as 10%, due to inefficient intermediary banks, foreign currency limitations, and outdated infrastructure. On top of that, international invoice settlements can take 3 to 7 days, disrupting supply chains, damaging trade relationships, and limiting growth. CapiMoney set out to change that. To make cross-border payments faster, more affordable, and more inclusive, giving African businesses access to pricing and transaction speed that rivals what companies in the US and Europe experience.

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The Challenge: Onboarding at Scale

As CapiMoney expanded into over 20 African markets, they faced a number of serious compliance and operational challenges. Verifying businesses across different countries meant dealing with varied regulations and inconsistent data sources. Manual verification became the norm, slowing onboarding and inflating operational costs. At the same time, CapiMoney lacked a flexible onboarding platform that could adapt to changing risk policies. Updating workflows or adjusting scrutiny levels for different customer profiles was difficult and time-consuming, delaying entry into new markets and increasing dependence on manual reviews.

Another significant challenge was managing fraud prevention and sanctions screening at scale. As they grew, CapiMoney needed to screen hundreds of records daily for fraud and compliance checks. Without a centralized system, detecting complex fraud patterns and maintaining consistency became increasingly difficult. High false-positive rates further frustrated legitimate users and strained internal teams. These gaps made it clear that a scalable, intelligent solution was essential.

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The Solution: AiPrise's All-in-One Compliance Stack

With AiPrise’s automation, CapiMoney was able to transform how they approached verification and compliance. In regions where direct registry checks were unavailable, AiPrise’s document fraud detection tools allowed them to seamlessly onboard legitimate businesses while blocking suspicious ones. The system analyzes behavioral patterns, device data, and identity mismatches to flag fraud in real time, significantly reducing risk from the outset. Simultaneously, AiPrise’s automated sanctions screening continuously checks clients and partners against global watchlists, ensuring full compliance with international regulations.

Business verification, which previously required extensive manual work, became fast and reliable. Using just a few data points like a business name and registration number. CapiMoney could verify incorporation status, ownership, and legitimacy. AiPrise connects directly with trusted registries and databases across African markets to streamline the KYB process. Beyond that, AiPrise enabled CapiMoney to tailor onboarding workflows based on a business’s risk profile and operating geography, ensuring both speed and precision.

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The Impact: Speed & Security at Scale

The integration of AiPrise enabled CapiMoney to streamline the onboarding of business clients, significantly reducing the time and complexity traditionally associated with KYC and KYB procedures. Onboarding time was reduced from three weeks to just three minutes, and their KYC completion rate surged to 90%, with fewer than 10% of cases requiring manual intervention. Operational costs dropped by almost 75% as a result of reduced manual reviews and more efficient workflows. Most importantly, fraud risk was minimized due to real-time detection and fewer false positives. AiPrise’s simplified verification process empowered CapiMoney to onboard clients faster and more securely, even in complex, underserved markets while maintaining full due diligence.

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"AiPrise helped us cut onboarding time from 3 weeks to 3 minutes, while ensuring compliance with embedded screening and fraud prevention tools, enabling a smooth experience for our customers across Europe and Africa."

— MLRO, CapiMoney

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Why CapiMoney Chose AiPrise

CapiMoney chose AiPrise because they needed more than just a compliance tool, they needed a technology partner capable of scaling with them. CapiMoney chose AiPrise for its advanced technology infrastructure, which offers powerful, scalable solutions that can handle the complexity of emerging markets. AiPrise’s automated fraud detection to real-time compliance checks, enables CapiMoney to quickly adapt to the dynamic needs of different regions, ensuring that business processes are streamlined and risk management is effectiveThe partnership has since become a cornerstone of CapiMoney’s compliance strategy, enabling the company to move faster, onboard smarter, and grow confidently across Africa.

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