Aboki Africa has announced a pre-seed capital investment of $1 million
Aboki Africa has announced a pre-seed capital investment of $1 million
Nigeria, Lagos – The capital of Nigeria is Lagos. With participation from Niche Capital, Ingressive Capital, and other strategic investors, Aboki Africa, a rapidly growing Nigerian Fintech startup, recently raised pre-seed funding led by Abdul Hassan (CEO of Mono), with participation from Niche Capital, Ingressive Capital, and other strategic investors.
Aboki Africa is a service that provides Africans with the opportunity to open international bank accounts. According to the company's founders, Idorenyin Obong and Femi Aghedo, it is the most straightforward method of sending and receiving international payments without restriction.
The United Kingdom Pound (GBP) and the European Euro (EUR) are the only currencies in which customers can open foreign accounts at this time, with plans to expand this to include the United States Dollar (USD) in the near future.
When the company launched in June 2020, its mission was to make the process of exchanging currencies for Africans, starting with Nigerians, as simple as possible.
Its mission, on the other hand, has since been broadened to encompass a variety of other international payment-related processes. "We're building a TransferWise for Africa," said Idorenyin, one of the co-founders of the company.
Aboki Africa now offers its growing customer base the ability to open foreign bank accounts and obtain their own IBAN, as well as send and receive money from their accounts from anywhere in the world, thanks to a new feature introduced recently.
The co-founder, Femi Aghedo, explained that they founded Aboki Africa out of necessity. I have firsthand experience with the problems we are attempting to solve for our clients. The ability to receive payment should not be restricted to those who work or conduct business from a remote location. That is currently being addressed."
The pre-seed funding will be used by the company to focus on scaling up its operations, according to the company.
Product development and team building will be prioritized in order to broaden the company's reach to more Africans who are in need of its services.
