FinTech Pivo raised $2 million SEED from Precursor Ventures and others

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FinTech Pivo raised $2 million SEED from Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures.

Pivo, founded in July 2021 by Ijeoma Akwiwu and Nkiru Amadi-Emina and launched in public beta in September, is aimed at businesses involved in the import, export, manufacture, distribution, and retail of FMCG, logistics and haulage, and clearing and forwarding. Pivo’s main products are three. Pivo Capital, the company’s flagship product, provides SMEs with loans up to $50,000. The funds will be used to improve transaction management and payment reconciliation in supply chains by upgrading existing products and developing new ones. The company also intends to expand its operations to East Africa and expand its team beyond its Lagos office.

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FinTech Pivo raised $2 million SEED from Precursor Ventures and others

FinTech Pivo raised $2 million SEED from Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures.

Pivo, founded in July 2021 by Ijeoma Akwiwu and Nkiru Amadi-Emina and launched in public beta in September, is aimed at businesses involved in the import, export, manufacture, distribution, and retail of FMCG, logistics and haulage, and clearing and forwarding. Pivo’s main products are three. Pivo Capital, the company’s flagship product, provides SMEs with loans up to $50,000. The funds will be used to improve transaction management and payment reconciliation in supply chains by upgrading existing products and developing new ones. The company also intends to expand its operations to East Africa and expand its team beyond its Lagos office.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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