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African Startup Funding Tracker

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Nigerian Fintech Startup Herconomy Secures USD 600 K Funding
Nigerian Fintech Startup Herconomy Secures USD 600 K Funding

Herconomy, a community-based startup that empowers women through financial services, capacity building, jobs, and networking, has raised USD 600 K in a pre-seed round to extend its platform’s product offerings. Members of the Herconomy community, venture capital firm Oui Capital, and a slew of angel investors led the pre-seed round.

The investors included Nkiru Ayemere, CEO of Zephans & Co; Ehi Onwudiwe, Director of Business Transformation at Ernst & Young; Ope Makinwa, Head of Reserve at Diageo; Ama Akpata, co-founder of Jand2Gidi, and a slew of others.

Herconomy is a female-focused fintech startup dedicated to creating financial resources for women. It has organized various saving challenges over the years, managing at least 500 women who have saved a total of USD100 K. The startup intends to create a savings solution with its new funding, where members can earn high interest.