Nigerian Fintech Prospa Secures USD 3.8 Mn pre-Seed Funding

Nigerian fintech Prospa has secured USD 3.8 Mn pre-seed funding as it aims to provide small businesses with banking and software services. The investors in the round included 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.

Prospa especially caters to freelancers and entrepreneurs that have less access to resources for their businesses. Registered businesses on the platform get access to an account number and other features Prospa provides. Prospa plans to use its new capital to double down and expand with acquisition strategies to get more customers. In addition to that, the company plans to hire more talent, especially in product and engineering.