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Vesti Technologies Inc, a technology company and developer of Vesti App, has announced that it has raised USD 500 K in a pre-seed fundraising round to strengthen its product platform, expand its user base, and cement its market penetration in the African market. The round included Oxygen Group, Microtraction, Prunedge Technologies, Terramax Ventures, GB Digitals, and Midlothian Angel Network.
The Vesti app allows Africans to make peer-to-peer payments and settle migration-related fees and provides a support framework for immigrants seeking investment opportunities. The company plans to expand to Ghana and Rwanda by Q2 of 2022.