How much funding has Pennee Technologies raised?

Pennee Technologies has raised $240K in total funding, most recently a Seed round.

Who are Pennee Technologies's investors?

Pennee Technologies's investors include Techstars, Echo Vc.

When was Pennee Technologies founded?

Pennee Technologies was founded in 2023.

Where is Pennee Technologies headquartered?

Pennee Technologies is headquartered in Middletown, Delaware, United States.

What industry is Pennee Technologies in?

Pennee Technologies operates in Fintech.

How many employees does Pennee Technologies have?

Pennee Technologies has 1-10 employees.

Pennee Technologies

The rails for lending in Nigeria.

Middletown, United States · Founded 2023 · $240K raised

Fintech

Headquarters: Middletown, Delaware
Employees: 1–10
Founded: 2023
Business Model: B2B

Website: pennee.co
Total Funding: $240K
Last Round: $240K Seed
Rounds: 1

About

Pennee Technologies is a Nigerian fintech company that began as a direct lender to small and micro businesses before pivoting in 2024 to become a full-stack lending infrastructure provider. Founded in 2021 by Gideon Adeyemi, Emmanuella Mejero, and Abolade Eniseyin, Pennee originally disbursed over $2.6 million to more than 50,000 small businesses in Nigeria. After building internal AI-powered tools to solve collections and verification challenges, the company pivoted to selling that infrastructure to financial institutions. Today Pennee offers origination, KYC/KYB verification, and AI-driven collections tools to banks, microfinance institutions, and digital lenders, while also giving borrowers a credit health monitoring interface. Its AI collections system maps all bank accounts linked to a borrower's BVN and executes staggered repayments across accounts, reducing non-performing loans from 2.66% to 1.23%. The company has secured over $450,000 in funding and is headquartered in Lagos, Nigeria, with plans to expand across Africa.

Summary

Pennee Technologies is a Fintech company based in Middletown, United States, founded in 2023. It has raised $240K in total across 1 round. Investors include Techstars and Echo Vc.