Traction Apps
All the tools to run your business
Lagos, Nigeria · Founded 2020
- Headquarters
- Lagos
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2B
- Website
- tractionapps.co
About
Traction Apps is a Nigeria-based fintech company founded in 2020 by Mayowa Alli and Dolapo Adejuyigbe, both former McKinsey consultants. The platform provides small and medium-sized businesses with an integrated suite of tools including point-of-sale software and terminals, virtual accounts, payment acceptance, merchant wallets, inventory management, customer management, cash advance loans, savings, and bill payments. In August 2023, the company raised a $6 million seed round led by Ventures Platform and Multiply Partners. In October 2025, Traction Apps was acquired by OmniRetail to enhance financial services for trade solutions serving Nigerian MSMEs.
Summary
Traction Apps is a Fintech company based in Lagos, Nigeria, founded in 2020.
Tech & App Stack
7 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Similar Companies
Citi is a leading global bank for institutions with cross-border needs, a global provider in weal...
Global fintech company operating Alipay and providing digital payment, wealth management, insuran...
Regulated institutional-grade cryptocurrency exchange offering spot trading for Bitcoin, Ethereum...
Robinhood offers commission-free investing and tools to help shape your financial future.
Economic infrastructure for the internet.
Grab is Southeast Asia's leading super-app, providing ride-hailing, food and grocery delivery, di...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/traction-apps"><img src="https://indexed.vc/api/badge/company/traction-apps" alt="Traction Apps on Indexed.vc" width="260" height="76" /></a>