Nigerian B2B Payment Startup Duplo, Closes USD 4.3 Mn Seed Round

Nigerian fintech startup, Duplo, has announced the close of its USD 4.3 Mn seed round. Investors in the round include Liquid2 Ventures, Oui Capital, Soma Capital, Tribe Capital, Basecamp Fund, Commerce Ventures, and Y Combinator.

Duplo’s end-to-end system helps businesses to automate their back-office processes. The functions it enables include creating and processing invoices, accepting and approving bills, collecting and disbursing cash, and finishing account reconciliation for finance teams.