Seamfix Secures $4.5million In First Fundraising Round, To Expand Beyond Nigeria - Business - Nairaland
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| Seamfix Secures $4.5million In First Fundraising Round, To Expand Beyond Nigeria by techpression: 1:04pm On May 10 |
Seamfix, an identity solutions company founded 17 years ago, recently secured $4.5 million from Alitheia IDF, its first institutional investor. This investment is pivotal as Seamfix aims to broaden its operations beyond Nigeria due to currency challenges impacting revenue growth. Chimezie Emewulu, Seamfix’s CEO, expressed concerns about revenue growth when viewed in dollars due to the depreciation of the Naira. This concern prompted the decision to expand into more stable African markets like Ghana, Kenya, and South Africa. Emewulu emphasised the need to earn more in foreign currency to offset these challenges. Read the full story via the link below https://techpression.com/seamfix-secure-4-5m-first-fundraising-round |
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