Pivo Technology Inc
ClosedDigital Bank for Freight Carriers in Africa.
Lagos, Nigeria · Founded 2021 · $2.1M raised
- Headquarters
- Lagos
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2B
- Website
- pivo.africa
- Total Funding
- $2.1M
- Last Round
- $2.0M SeedNov 2022
- Rounds
- 2
About
Africa has experienced robust macroeconomic growth over the last five years and was the second fastest growing region in 2019 with a GDP of $2.6T, a 3.7% increase on 2018. Nigeria makes up $0.5T, 50% of which comes from Small and Medium Enterprises (SMEs) – a huge number of these operate within large manufacturing supply chains. Starting with Freight Carriers Pivo makes financial services easily accessible for truck owners and truck drivers by providing a bank account, debit card and digital invoicing tools so they can get paid faster and avoid cash flow problems. This will be further augmented by more fundamental financial products such as credit, transaction management, and expense management, to improve their cashflow.
Summary
Pivo Technology Inc is a Banking company based in Lagos, Nigeria, founded in 2021. It has raised $2.1M in total across 2 rounds, most recently a $2.0M Seed round in Nov 2022. Investors include Accion, Precursor Ventures and VestedWorld.
Tech & App Stack
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Funding History
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Nov 2022
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Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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