“We are in conversation with some of the world’s Tier 1 VCs, mainly in the US. We are also speaking to VCs in Europe, the Middle East and Asia. While we cannot name them until the round is closed, they include notable VCs known for investing in companies at our stage,” Tosin Eniolorunda, CEO at TeamApt tells The Africa Report.
Largest banking operator
With its 14 million monthly users and 72 million transactions carried out monthly, as well as a 100% month-on-month growth rate in transaction value from $2bn to $4bn, TeamApt is Nigeria’s largest agency banking operator, according to Shared Agent Network Expansion Facilities (SANEF), the regulatory body for agency banking in the country.
Four months ago, the fintech company raised an undisclosed amount in its Series B funding round by Novastar Ventures, which also included FMO, Global Ventures as well as local angel investors in Africa. In
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