KudiGo, a Ghanaian owned fintech startup has expanded its services to Nigeria. The expansion was a part of its move to launch into new markets, both in the West and East Africa.
Founded in 2018, KudiGo derived its name from a Hausa language meaning Money and Go. And as the name implies, the startup offers a mobile-first business suite that integrates retail, accounting, and payment processing into a single app dubbed KudiGo Storefront.
Since inception in 2018, the startup has grown its user base to over 4000 and processed about $2.4 million transactions.
The increase in its user-based cum the investment of $450,000 raised in 2019 prompted this expansion.
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KudiGo will open an office in Nigeria that will serve its West Africa customer base. The startup will also open offices in Kenya and Uganda.
The Chief enabler KudiGo, Kingsley Abrokwah noted that the startup is in talks with FMCG companies in East Africa. It will deploy its storefront solution to over 10,000 merchants in the first quarter of 2020.
In addition to its expansion, the startup will also launch a second product dubbed RapidGate for retail suppliers and distributors in Africa. KudiGo is currently raising its pre-series A funding worth $500,000. The funding round will end in March this year.
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