Nigerian fintech startup, Prospa has closed a $3.8 million pre-seed round.

The investors in the round include VCs like Global Founders Capital and Liquid 2 Ventures. Founders of global fintech like Mercury’s Immad Akhund, Karim Atiyeh of Ramp, and executives from Teachable, Square, Facebook, and Nubank also participated in the round.

Launched in 2019 by Frederik Obasi, Chioma Ugo, and Rodney Jackson-Cole, Prospa is a technology company building the operating system for African entrepreneurs and businesses.

Alongside providing banking services, Prospa offers invoicing tools, inventory management, employee and vendor management, an e-commerce store, and payroll features.

“Banking is just a little part of what we do. We know we’re put into the neobank category, but we see our product as 10% banking and 90% software. So, the experience is very much different from what you’d get from a neobank and the use case for Prospa users is quite different,” Frederik Obasi told Techcrunch.

https://nairametrics.com/2021/09/08/deal-nigerian-fintech-startup-prospa-raises-3-8-million-pre-seed-round/

Never heard of them

The person above me.. Two of us will share the money equal. Na the same time we comment ooo. Up Prospa

Nice.

It will be better if Edtech startup gets similar funding because I also have one that needs funding.

Nice anyways.

Good

Ok.

the pressing need of mine couldn't let me focus... na who get food chop go reason way forward....



by the way, gudmorning nairalanders, I realy need ur financial help to solve urgent want of man as a await the resumption of my school which I applied for... anything atall will sustain me... God bless u all

Ok

Good

Smart youths using their God given brain for legit stuff.

Not people like Slawomir and every other Nigerian youth wasting their lives doing yahoo. Wicked demons

Legit money is bae abeg

Commendable, really nice.

how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

Na corner eye I take dey look dem for now

Impressive.. especially the e-commerce sector

Ok, congratulations

Nigerians are really blessed, it's the situation of the country that doesn't allow many to think well.

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I hope the fintech will last for long in Nigeria, cos it seems the only innovation now for Nigerian's in the tech sector is fintech.

It's gradually getting saturated, diversification would make sense.. almost everybody who has interest in tech business has interest majorly in fintech.

Ok

I will start my Own Fintech company too

How do they get this investors biko ... I have tech ideas but don't know how to get the ears of those that can invest ... I am very ignorant when it comes to things like that but I know who ask question no dey loss

Abeg anybody

The government and cbn won’t be happy with this news. Always out to frustrate startups especially Fintech.

Klchnjoku:
I hope the fintech will last for long in Nigeria, cos it seems the only innovation now for Nigerian's in the tech sector is fintech.

It's gradually getting saturated, diversification would make sense.. almost everybody who has interest in tech business has interest majorly in fintech.

If they are not replicating or offering thesame services there shouldn’t be any problems bt even if they are it then comes down to healthy competition which might benefit customers more.

The niche will soon cast. Nigerians only know how to do one business. Once they see this news now, u'll see everyone flying Fintech companies here and there, it will then become mess. We abuse virtually anything in Nigeria

Franzinni:
How do they get this investors biko ... I have tech ideas but don't know how to get the ears of those that can invest ... I am very ignorant when it comes to things like that but I know who ask question no dey loss

Abeg anybody

having an idea is not enough, you need to Kickstart it, form a group of fellow startup entrepreneurs, enter market, and then use the figures to canvass for investors.


Profile of the startup team also matters. Where have they worked previously, what solution is the startup offering that others aren't. How has it been accepted by the target market, etc

How do i get investors for my tech startup errands.ng?

---
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Good for them.

As the best web developer in Nigeria I started my company on zero budget and now I'm counting 7 figures

You wanna prosper join prospa.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technogoly (Agritech)

I agree. There's need for diversification.
Bandwagon too much for Naija

Okay.

Once a Nigerian blows in any sector, other Nigerians will join in & bastardize it till its worthless.

...............................................................................................
Agbani won Miss World & every Naija girl became a model
Tuface blew up and every Nigerian family had an upcoming artiste
Linda Ikeji blew up her blog & every Nigerian became a blogger
Mikel blew up and every Nigerian boy became a footballer
Kingblackhoc became a IndecentStar now every olosho & yahoo boy don turn IndecentStar
Paystack blew and every Nigerian developer became a startup CEO


Na wa!!