Tech Company Financing Transactions
TeamApt Funding Round
TeamApt, based in Lagos, secured $50 million in investment from Novastar Ventures, QED Investors and Bossanova Investimentos.
Transaction Overview
Company Name
Announced On
8/10/2022
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series C
Investors
Novastar Ventures (Lead Investor)
QED Investors (Lead Investor) (Gbenga Ajayi)
Proceeds Purpose
We focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech that provides business payments and banking platforms.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
12, Wole Ariyo, Lekki Phase 1
Lagos, 100001
Nigeria
Lagos, 100001
Nigeria
Phone
Website
Email Address
Overview
TeamApt was founded in 2015 with the vision to digitize Africa's economy. It does this by building financial platforms for businesses; providing them with all the payment, banking, credit and business management tools they need to succeed. TeamApt is Nigeria's largest business payments platform, supporting over 400,000 businesses to get paid; processing $100 billion annualized run-rate transaction value, via its products- Moniepoint and Monnify.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tosin Eniolorunda
Co-Founder
Felix Ike
Co-Founder
Yinka Okeowo
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Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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