Eversend
Pan-African multicurrency + transfers.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — E-money issuer + PSP licenses (Bank of Uganda); FinCEN and FINTRAC registrations.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Eversend’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Kampala/Paris |
| Founded | 2017 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | E-money issuer + PSP licenses (Bank of Uganda); FinCEN and FINTRAC registrations |
| Card | Visa · Virtual cards |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Founders | Stone Atwine |
Verified links: official site ↗
Common questions about Eversend
What is Eversend?
Eversend is a fiat neobank, headquartered in Kampala/Paris and founded in 2017. Your money is held custodially, so Eversend or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (E-money issuer + PSP licenses (Bank of Uganda); FinCEN and FINTRAC registrations).
Does Eversend have a card, and where can you use it?
It issues a Visa virtual cards. It is available in Africa.
Does Eversend require KYC?
Yes. Eversend requires identity verification (KYC) to open an account, as a e-money institution.
Peers
Wise · TymeBank · OPay · PalmPay · Bank Zero · Discovery Bank
Eversend appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Africa (92) · Neobanks that issue a Visa card (182)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.