Pivo Technology Inc

Closed

Digital Bank for Freight Carriers in Africa.

Lagos, Nigeria · Founded 2021 · $2.1M raised

Headquarters
Lagos
Employees
11–50
Founded
2021
Business Model
B2B
Total Funding
$2.1M
Last Round
$2.0M SeedNov 2022
Rounds
2

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

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

5 technologies & apps tracked

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Funding History

SeedSeed RoundNov 2022
$2.0M

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Funding: Pre-Seed through Seed. Amounts, valuations, and investors where available.

Investors

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