Nigeria’s Billboxx Secures USD 1.6M Pre-Seed Funding

Nigerian fintech startup Billboxx has announced the close of its USD 1.6 M pre-seed funding round to enhance its invoicing and cash flow solutions for small and medium-sized enterprises (SMEs). The funding round included a mix of debt and equity investments from Norrsken Accelerator, Kaleo Ventures, 54 Collective, P2Vest, and Afrinovation Ventures.

Founded in 2023 by Justus Obaoye and Abdulazeez Ogunjobi, Billboxx provides a B2B SaaS platform designed to automate and simplify business billing and payment workflows. The platform helps businesses expedite payments, reducing processing times while improving cash flow management.

The raised capital will enable Billboxx to expand its platform’s features and support more SMEs across Nigeria, addressing the challenges of cumbersome and time-intensive billing processes faced by business owners and their finance teams.

Billboxx’s mission is to empower businesses to handle billing and payment operations more efficiently, ultimately saving time and money while enhancing overall operational productivity. This funding marks a significant step in its journey to transform invoicing and payment solutions for SMEs in the region.