Nigerian FinTech Startup, NowNow has announced that it has obtained $13M in its seed round.
The FinTech Startup which says that it is committed to addressing common financial issues through increasing opportunities for the unbanked or underbanked population in Africa said that this new round of funding would increase financial inclusion throughout Africa.
The firm also seeks to set up the biggest fintech ecosystem in Africa.
With its newest funding, the company said that it is using the funds to among other reasons promote financial empowerment.
This is in addition to expanding its services to cover consumer banking, agency banking, and merchant payment solutions.
The CEO of NowNow, in a statement, said “Today we announce that we have advanced to the next step of our mission to push financial access and empowerment for Africans at the last mile,
“With the obtained funds, we aim to not only offer services that are affordable for everyone but also to upgrade our agile environment, ensuring that our multifaceted offering continues to be a market leader. The credit facility will also help us carry out our distinctive plan to promote financial independence and inclusion through financial education. Our world-class team will be able to expand thanks to the support and interest of our investors as we introduce our cutting-edge goods and services. ”
This round of funding was led by Shadi Abdulhadi, DLF Family Office, and NeoVision Ventures Ltd.