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African Startup Funding Tracker

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Nigerian Fintech Startup Duplo Raises USD 1.3 Mn Seed Round
Nigerian Fintech Startup Duplo Raises USD 1.3 Mn Seed Round

Duplo, a Lagos-based fintech, has raised a USD 1.3 Mn pre-seed round led by early-stage pan-African VC firm Oui Capital to further its growth. A mix of local and international investors such as MyAsia VC, Y Combinator, Flutterwave CEO Olugbenga “GB” Agboola, and Mono CEO Abdul Hassan participated. Duplo plans to spend most of this investment on improving its product, tech, and sales as well as move into other sectors asides from FMCG retail to businesses in travel, farming, B2B marketplaces, alcohol, and beverages.