Nigerian digital system startup NowNow raises $13m in funding round
NowNow, a Nigerian digital system startup, announced Wednesday that it has raised a $13 million funding round.
The funding round was led by NeoVision Ventures Ltd., DLF Family Office and Shadi Abdulhadi.
With this new funding, the start-up said it will improve financial inclusion across Africa and drive empowerment, as well as introduce new products that will further enhance its already existing services.< /p>
Founded in 2018 by Mahesh Nair and Sahir Berry, NowNow is a fintech platform that allows users to send and receive money, buy airtime and pay bills securely. simplicity.
He said his focus is on improving financial inclusion in Africa and bridging the gap between the banked and unbanked in Nigeria.
The startup said it has always worked tirelessly to carefully create a vibrant ecosystem of experiences within and beyond mobility for its consumers.
Speaking on the funding round in a statement, CEO and Co-Founder Sahir Berry said, “Today we are announcing that we have taken the next step in our commitment to fostering financial access and empowerment of Africans at the last mile.
"With Secured Funding, we not only seek to provide services that include everyone financially, but also evolve our agile ecosystem that ensures our multidimensional offering remains a market leader.
"The credit facility will also support our unique strategy to advance financial inclusion and independence through financial education. The interest and support of our investors will enable us to grow our world-class team because we would unveil innovative products and services."
Gary Peters, Managing Partner of Capital V Ltd, said: "One of the key things that drove us to invest in NowNow through one of our funds is based on the tenacity of the founders to grow business to a viable level, as well as overcoming numerous challenges and market cycles since its inception in 2018.
"Its core business and vision of digitizing the African region by facilitating everyday payment services is also another important element.
"Every time we meet a business founder like Sahir Berry, whose vision of leadership aligns with Capital V's fund-of-funds strategy to support disruptive and high-potential start-ups, in particular in emerging markets like Africa, the decision-making process becomes easier."
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NowNow, a Nigerian digital system startup, announced Wednesday that it has raised a $13 million funding round.
The funding round was led by NeoVision Ventures Ltd., DLF Family Office and Shadi Abdulhadi.
With this new funding, the start-up said it will improve financial inclusion across Africa and drive empowerment, as well as introduce new products that will further enhance its already existing services.< /p>
Founded in 2018 by Mahesh Nair and Sahir Berry, NowNow is a fintech platform that allows users to send and receive money, buy airtime and pay bills securely. simplicity.
He said his focus is on improving financial inclusion in Africa and bridging the gap between the banked and unbanked in Nigeria.
The startup said it has always worked tirelessly to carefully create a vibrant ecosystem of experiences within and beyond mobility for its consumers.
Speaking on the funding round in a statement, CEO and Co-Founder Sahir Berry said, “Today we are announcing that we have taken the next step in our commitment to fostering financial access and empowerment of Africans at the last mile.
"With Secured Funding, we not only seek to provide services that include everyone financially, but also evolve our agile ecosystem that ensures our multidimensional offering remains a market leader.
"The credit facility will also support our unique strategy to advance financial inclusion and independence through financial education. The interest and support of our investors will enable us to grow our world-class team because we would unveil innovative products and services."
Gary Peters, Managing Partner of Capital V Ltd, said: "One of the key things that drove us to invest in NowNow through one of our funds is based on the tenacity of the founders to grow business to a viable level, as well as overcoming numerous challenges and market cycles since its inception in 2018.
"Its core business and vision of digitizing the African region by facilitating everyday payment services is also another important element.
"Every time we meet a business founder like Sahir Berry, whose vision of leadership aligns with Capital V's fund-of-funds strategy to support disruptive and high-potential start-ups, in particular in emerging markets like Africa, the decision-making process becomes easier."
Support the integrity and credibility journalism of PREMIUM TIMES Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government. For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour. By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.Donate
[embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
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