Union54: Funding, Investors & Team (Oct 2026)
Union54 is a debit card issuing API for fintech and corporates. Union54 allows any software company to issue debit cards to their customers without needing any bank or credit card processor. It provides BIN sponsorship., transaction processing, and settlement. Founded in 2020, Union54 is based in Lusaka, Zambia.
Union54 has raised $15.0M across 2 funding rounds on record, the most recent a Seed of $12.0M announced in Apr 2022.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Union54 Company Profile and Key Stats
Latest funding round on record: Apr 2022.
Union54 Funding Rounds
Union54 raised $3.0M in a Seed announced in Oct 2021.
6 months later, a Seed of $12.0M was announced in Apr 2022.
Union54 Founders and Leadership Team
Contact details for the Union54 team: 2 of 2 have an email address on file.
Start 14-day free trial →Union54 Funding Compared to Other Financial Services Startups
Union54's latest round of $12.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Union54 Funding FAQs
What does Union54 do?
Union54 is a debit card issuing API for fintech and corporates. Union54 allows any software company to issue debit cards to their customers without needing any bank or credit card processor. It provides BIN sponsorship., transaction processing, and settlement. Founded in 2020, Union54 is based in Lusaka, Zambia.
How much funding has Union54 raised?
Union54 has raised $15.0M across 2 rounds on record. The most recent is a Seed of $12.0M announced in Apr 2022.
When did Union54 last raise funding?
Union54's most recent funding round on record is a Seed of $12.0M, announced in Apr 2022.
Who founded Union54?
FundedIQ lists Jon Wade (Founder) at Union54.
Who is the CEO of Union54?
Perseus Mlambo is listed as CEO at Union54.
Where is Union54 headquartered?
Union54 is based in Lusaka, Na - Zambia, Zambia.
How many employees does Union54 have?
Union54 is in the 1-10 employee band.
How does Union54's funding compare to other Financial Services startups?
Union54's latest round of $12.0M is below the $15M median round size for Financial Services companies on FundedIQ across 5,752 tracked companies over the last two years.
About FundedIQ's Union54 Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Union54 is left off this page rather than filled in.
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