Juicyway Raises USD 3 M Pre-Seed Funding

Nigerian fintech startup Juicyway has raised USD 3 M in a pre-seed funding round led by P1 Ventures, with participation from Ventures Platform Fund, Future Africa, MAGIC Fund, Andrew Alli, Microtraction, and notable investors including Gbenga Oyebode and Tunde Folawiyo.

Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway aims to eliminate barriers for Africans to engage with the global economy. The platform facilitates seamless international payments for entrepreneurs scaling businesses and individuals sending money across borders.

Juicyway reports a transaction volume of over USD 1.3 B, positioning itself as a key player in connecting Africa to the global financial ecosystem. With its pre-seed funding, the company plans to scale operations further and enhance its solutions for efficient cross-border payments.