StartUp Spotlight

Pivo Africa: The Nigerian Fintech Making It Easy For SMEs to Access Finance and Banking Services

Small and medium-sized enterprises (SMEs) play a vital role in the African economy, accounting for over 90% of businesses and contributing over 50% of GDP.

However, SMEs often face challenges in accessing finance and banking services, which can hinder their growth and development.

Be that as it may, fintechs are emerging as a game-changer for supply chain SMEs in Africa.
By leveraging technology, fintechs are offering innovative solutions that make it easier for SMEs to access finance, streamline their operations, and reduce their costs.
One such startup is Pivo Africa.
Pivo Africa is a Nigerian fintech startup that provides innovative financial solutions to individuals and businesses across Africa.
Founded in 2021 by a team of experienced entrepreneurs, Pivo Africa is on a mission to drive financial inclusion and make financial services more accessible and affordable for all Africans.

What Pivo Africa does

Pivo Africa offers a wide range of fintech products and services, including:

Payments: Pivo Africa makes it easy for users to send and receive money both domestically and internationally. Users can also make payments to merchants and businesses using the Pivo Africa mobile app.

– Loans: Pivo Africa offers a variety of loan products to individuals and businesses, including personal loans, business loans, and asset finance. Pivo Africa’s loan products are designed to be more accessible and affordable than traditional bank loans.

– Savings and investments: Pivo Africa offers users a variety of savings and investment products, including high-yield savings accounts, money market funds, and mutual funds. Pivo Africa’s savings and investment products are designed to help users grow their wealth over time.

– Insurance: Pivo Africa offers a variety of insurance products, including health insurance, life insurance, and travel insurance. Pivo Africa’s insurance products are designed to protect users from financial risks.

Pivo Africa’s mission

Pivo Africa’s mission is to drive financial inclusion and make financial services more accessible and affordable for all Africans.
Pivo Africa believes that everyone should have access to the financial services they need to succeed, regardless of their income or background.

Pivo Africa’s achievements

Since its launch in 2021, Pivo Africa has achieved significant growth. The company has over 1 million users and has processed over $1 billion in transactions. Pivo Africa has also raised over $100 million in funding from leading investors.

Pivo Africa’s impact on the fintech ecosystem in Africa

Pivo Africa is helping to drive financial inclusion and make financial services more accessible and affordable for all Africans.
The company’s innovative products and services are making it easier for people to send and receive money, access loans, save and invest, and protect themselves from financial risks. 

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