Nigerian Fintech NowNow Raises USD 13 Mn Seed Round

Nigerian fintech startup, NowNow Digital Systems has raised USD 13 Mn in its seed round to improve financial inclusion across Africa by providing financial services to the unbanked and underbanked in the continent. The funding round led by NeoVision Ventures Ltd., DLF Family Office, and Shadi Abdulhadi indicates NowNow’s plans to scale and expand its service offerings across Africa.

NowNow seeks to build the world’s best technology that digitizes cash payments for Africans. The fintech has a consumer-facing product where people can send and receive money, pay bills, and access value-added services such as insurance and lending via a debit card and a wallet in an app.