NowNow Digital Systems, a Nigerian fintech startup, has secured $13M in its seed round to increase financial inclusion throughout Africa by offering financial services to the continent’s unbanked and underbanked population.
Shadi Abdulhadi, DLF Family Office, and NeoVision Ventures Ltd. led the funding round, which signals NowNow’s intentions to develop and broaden its service offerings throughout Africa.
“Today we announce that we have advanced to the next step of our mission to push financial access and empowerment for Africans at the last mile,” NowNow’s CEO and co-founder Sahir Berry said. With the obtained funds, we aim to not only offer services that are affordable for everyone but also to upgrade our agile environment, ensuring that our multifaceted offering continues to be a market leader. The credit facility will also help us carry out our distinctive plan to promote financial independence and inclusion through financial education. Our world-class team will be able to expand thanks to the support and interest of our investors as we introduce our cutting-edge goods and services.
NowNow is committed to addressing common financial issues by building the largest fintech ecosystem in Africa and promoting the continent’s drive toward financial inclusion.
NowNow says it will use the new funding to expand its offerings in the areas of consumer banking, agency banking, and merchant payment solutions, as well as to promote financial empowerment.
Read more on Tech Gist Africa:
Metaverse Magna, a Nigerian gaming DAO, raises $3.2M in a funding round
Duplo, a Nigerian fintech startup, has raised $4.3M in a seed funding round
Anchor, a banking as a service startup in Nigeria, secures a $1 million pre-seed funding round