Accrue, a Nigerian fintech startup that is transforming cross-border payments in Africa, has raised US$1.58 million in seed funding to expand its staff and product line.
More than 200,000 people use Accrue in eight African nations, including South Africa, Ghana, Nigeria, and Kenya. Lattice Fund led its US$1.58 million funding round, which also included Kraynos Capital, Distributed Capital, Lava, and Maven 11.
Zino Asamaige, Adesuwa Omoruyi, and Clinton Mbah, former Helicarrier employees, founded Accrue in 2021 to make cryptocurrency investing easier. It enables quicker and more dependable money transfers by using an agent network approach, which was influenced by services like M-Pesa and Moniepoint.
To meet important financial demands throughout the continent, Accrue will use the funding to improve its product offerings, bolster its workforce, and extend its payment infrastructure.
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