About Myrica Pay
Born in Freetown.
Built for the World.
Myrica Pay is a digital financial platform headquartered in Freetown, Sierra Leone. We exist because financial borders are real — and they cost people too much. We are here to change that.
Who We Are
We are a licensed digital financial services company, regulated by the Bank of Sierra Leone, building the infrastructure for faster, fairer, and more transparent money movement across West Africa and beyond. We started in Sierra Leone because that is where we are from and where the need is immediate. We are expanding because the problem is not contained to one country.
Myrica Pay is not a product built somewhere else and adapted for Africa. It is built here, for here — and designed from the beginning to serve the way West Africans actually live, transact, and connect with the world.
The Problem We Exist to Solve
Every day across West Africa, money that should move freely gets stuck, shrunk, or made unnecessarily complicated.
The Cost
Cross-border transactions have historically cost West Africans far more than they should — in fees that are hidden until the last step, in exchange rates that are never clearly explained, and in money that simply disappears between what the sender pays and what the recipient receives.
The Wait
Transfers that should be instant take days. Business payments that should be seamless require multiple intermediaries. The infrastructure exists to do this better. We built it.
The Access
Millions of West Africans remain outside formal financial systems — not because they do not need financial services, but because the services have not been built for them. Our agent network exists to close that gap.
Founded 2025 · Freetown, Sierra Leone
Our Story
Myrica Pay was founded in 2025 in Freetown. The founding insight was straightforward: West Africa has real, sophisticated financial needs — paying for education abroad, settling with international suppliers, receiving payment for services, sending and receiving value across borders — and the platforms available to meet those needs have historically treated West Africa as an afterthought.
Our founder experienced this directly. Paying for software. Settling with a supplier. Moving money internationally. The barriers were not lack of money — they were lack of infrastructure that treated the transaction honestly and the customer with dignity. The "Digital Border" was real, and it had a cost. Myrica Pay was built to remove it.
We built a digital wallet that works the way a wallet should. We built cross-border transfer infrastructure that shows the full fee, the live exchange rate, and the exact amount the recipient receives — before you confirm, not buried in the fine print after. We built a verified agent network so that digital finance reaches communities that do not have a bank branch nearby. And we built it under full regulatory oversight because trust is not something you add later.
We are operating in Sierra Leone and building toward The Gambia, Liberia, and Guinea. Our compliance programme, our technology, and our regulatory relationships are designed for multi-country operation from day one — not patched together as we grow.
What Drives Us
Our Mission
Make cross-border money movement faster, fairer, and more human — starting in West Africa.
Our Vision
A West Africa where financial borders are not barriers. Where the cost of moving money is honest, the speed is real, and the infrastructure serves the people who use it.
What We Stand For
Transparency
We show you the full fee, the real exchange rate, and the exact amount your recipient receives before you confirm. Not after. Not in fine print. Always upfront.
Built for West Africa
West Africa is not an emerging market to us. It is home. Our product decisions, our agent network, our pricing, and our compliance approach are designed for how West Africans actually live and transact — not adapted from a product built for a different world.
Compliance as Trust
We operate under the supervision of the Bank of Sierra Leone and build our compliance programme to international standards — including FATF, AML/CTF, and consumer protection frameworks. We believe that being properly regulated is not a constraint. It is what makes us trustworthy.
Community in Every Transaction
Every transfer on our platform represents something real — school fees, a family's groceries, a business payment, a parent's love sent across an ocean. We do not lose sight of that. It is why we built this.
What Myrica Pay Offers
A complete digital financial platform — built around one wallet, connected to everything you need.
Cross-Border Transfers
Send money internationally with a transparent fee shown before you send. The rate you see is the rate applied.
Digital Wallet
Store, receive, and manage your money securely. Your balance available when you need it.
Bill and Utility Payments
Pay electricity, water, airtime, data, and other registered billers directly from your wallet.
Merchant Payments
Pay at registered merchants using QR code. Instant, digital, no cash required.
Agent Cash In and Cash Out
Add or withdraw cash through our verified agent network — making digital finance accessible where branch banking is not.
Business and Trade Payments
Pay international suppliers and receive payments with transparent rates and straightforward settlement.
Our Commitments
Myrica Pay operates under regulatory supervision and is built on principles we are prepared to be held to.
Licensed and Regulated
Myrica Pay holds a licence from the Bank of Sierra Leone. We operate under BSL regulatory supervision and maintain the compliance standards — AML/CTF, KYC, consumer protection — that regulated financial services require. We are expanding into additional markets through the proper regulatory processes in each jurisdiction.
Transparent Pricing, Always
Our fee on transactions is 1%. It is shown before you confirm. We do not add hidden charges or adjust exchange rates to recover costs we did not disclose. The amount you see sent is the amount that moves.
Your Money, Protected
Customer wallet balances are held in segregated custodial accounts, separate from Myrica Pay's operating funds. Your money is never at risk from our business operations.
Security You Can Trust
Your account is protected by PIN, biometric authentication, and optional two-factor authentication. All data is encrypted at rest and in transit. Our KYC process uses industry-leading biometric verification to protect you and the platform from fraud.
The People Behind Myrica Pay
Myrica Pay is built by a team of engineers, compliance professionals, product builders, and operations leaders who take financial services seriously. We are a multicultural team — rooted in West Africa, connected to the world — and we are growing.
Ibrahim Jalloh
Chief Executive Officer and Founder
Ibrahim founded Myrica Pay in Freetown with the conviction that West Africa deserves a financial platform built specifically for it. He leads strategy, regulatory relationships, and the company's expansion across West Africa.
We are actively building our team. If you want to be part of what we are building, we want to hear from you.
Built With Partners You Know
Regulatory Authorities
Licensed and regulated by financial authorities in our operating jurisdictions, ensuring compliance and consumer protection.
KYC Biometric Partner
Industry-leading biometric identity verification. 3D liveness detection protecting every account from day one.
Global Payment Network
Cross-border settlement infrastructure powered by industry-leading international payment rails trusted worldwide.
Banking Partner
Our licensed banking partner—one of Africa's largest and most trusted financial institutions with regional expertise.
Ready to Move Money With Love?
Download the Myrica Pay app, become an agent in your community, or reach out if you want to partner with us. We are building something honest — and we are just getting started.