Storspay, a fintech company based in Nigeria, has received US$320,000 in funding and has been accepted to the Techstars NYC accelerator, backed by JP Morgan Accelerator.
The startup has been accepted into the JP Morgan Accelerator-supported Techstars NYC accelerator for 13 weeks of funding and mentorship to help them expand and get further funding.
This is a portion of a $320,000 round of funding for the startup’s platform expansion.
Storspay is an online platform for decentralized retail lending infrastructure that brings together retail investors looking for alternative asset investment options and small businesses all over the world in search of affordable financial resources.
“At Storspay, our mission is focused on enabling economic well being for everyday people across the world. According to Sam Alonge, CEO and founder of Storspay, ” Inflation continues to eat away at the savings of ordinary people in North America, and small business owners in emerging economies continue to face the daily frustrations of not finding the capital they need at affordable rates to successfully grow their businesses,”.
In order to help business owners make more money by instantly and securely exchanging capital across borders for the purpose of financing working capital inventory, Storspay has created a decentralized lending infrastructure for the Internet.
This infrastructure is intended to improve the financial well-being of business owners throughout the world.
Read more on Tech Gist Africa:
Shuttlers, a Nigerian mobility startup, has secured $4 million in funding
Fez Delivery, a Nigerian logistics startup, has raised $1 million in seed funding
HouseAfrica, a prop-tech startup in Nigeria, has secured a $400k funding round
