Fintech TeamApt Raises USD 50 Mn Pre-Series C Funding

TeamApt, a fintech that provides business payments and banking platforms, has raised over USD 50 Mn in pre-series C funding to expand its credit services, move into new markets, and spread financial happiness by digitizing Africa’s economy. QED Investors led the new investment, with participation from Novastar Ventures, Lightrock, and BII.

TeamApt is a financial technology company focused on developing Digital Banking, Business Solutions, and Payments Infrastructure. The startup seeks to solve inefficiencies in Nigeria’s growing digital financial services market. The company plans to leverage multiple lending partnerships, including banks, development finance institutions, and securitization structures, to access debt facilities.