New Investments
Nigerian fintech Zuvy successfully secures $4.5 million in debt funding to provide African SMEs with invoice financing to fund its expansion in Africa
Nigerian tech startup, Zuvy Technologies, has raised $4.5 million in a recent funding round to provide invoice financing for African SMEs.
Zuvy aims to bridge the gap between vendors and buyers by leveraging innovative digital solutions. The company’s platform provides a user-friendly marketplace that connects small-scale vendors with potential customers, enhancing accessibility and expanding the customer base for these entrepreneurs.
The startup’s latest funding round was led by TLG Capital, Dunbar Capital, David Mussafer (chairman of Advent International), Next Chymia Consulting HK Limited, Khalil Osman from Vicus Ventures, and others. The capital injection will enable Zuvy to scale its operations, improve its technology infrastructure, and drive customer acquisition efforts.
Zuvy aims to provide a platform that supports small-scale businesses’ growth while offering customers a superior shopping experience. Since its launch in 2021, Zuvy has steadily gained traction in the Nigerian market.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
African Agri-Food Startups Invited to Apply for THRIVE Global Accelerator Program
African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.
COOKO, an innovative Cameroonian AgTech startup, has raised $872,000 to revolutionize the country’s cocoa value chain
The funding round was led by Chui Ventures, with participation from Launch Africa Ventures, Roselake Ventures, and Logos Ventures.
Dubai VC Firm COTU Ventures Raises $54 Million to Support Early-Stage MENA Startups
COTU Ventures, a Dubai-based early-stage venture capital (VC) firm, has secured $54 million for its first fund dedicated to backing promising startups in the Middle East and North Africa (MENA) region.