Nigerian Startup Frain Technologies Raises USD 473 K Pre-Seed Funding

Nigerian developer-tooling startup Frain Technologies has raised a USD 473 K pre-seed funding round to further invest in its existing product and build new ones. The funding round was led by Rally Cap Ventures, and also includes Musha Ventures, Future Africa, Eric Idiah, Tomiwa Lasebikan, Prosper Otemuyiwa, Odunayo Eweniyi, Timi Ajiboye, Opeyemi Awoyemi, and several other angels. The new funding round will enable Frain Technologies to take Convoy to maturity both locally and globally, as well as build new products.

Frain has built Convoy, a cloud-native webhook service that allows developers to push webhook events to their users in a matter of minutes. Prior to the creation of Convoy, engineers needed to build and maintain this infrastructure component in-house when building their APIs.