Nigeria’s Prospa gets $3.8 M pre-seed to provide small businesses banking and software application services
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another relating to banking services. Although a few of these companies have actually registered checking account, spaces exist in how banks utilize the data available to serve the needs of each business. With banks, providing a series of deals as statements is all these organizations […] With banks, providing a series of transactions as statements is all these companies need. Talking on traction, Obasi says the company has 10s of thousands of companies and is growing 35% month-on-month. Rates depends on the service’ turnover. A business with a turnover of 100,000 (~$200) is not anticipated to pay Prospa any membership fee. Some of these organizations have actually registered bank accounts, gaps exist in how banks use the data available to serve the requirements of each company….
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