Nigerian Fintech Startup Storspay Raises USD 320 K Funding

Nigerian fintech startup Storspay has raised a USD 320 K funding round and been selected to participate in the Techstars NYC accelerator, a 13-week fundraising and mentorship program for startups seeking to accelerate their growth and raise their next round of funding backed by JP Morgan Accelerator. The funding will help the startup to scale its platform.

Storspay has developed a decentralized retail lending infrastructure platform for the internet, connecting retail investors seeking alternative asset investment opportunities with small businesses globally needing more affordable capital to grow their businesses. The startup aims to improve financial wellbeing for business owners across the world by providing the decentralized lending infrastructure for the internet that enables them make more money by exchanging capital across borders instantly and securely for the purpose of financing working capital inventory.