KudiGo Raises $450K Seed Round Led By Founders Factory Africa

Ghanaian fintech company, KudiGO, has announced it has raised a seed investment round of $450k USD led by Founders Factory Africa & 3 other Angel Investors.

The 2-year-old Ghanaian startup recently achieved a milestone of 1000 businesses using its platform in both Ghana and Nigeria and recently went live with their digital payment processing (Mobile Money, Card-POS, QR, USSD) as part of its service offering in both countries.

KudiGo Team

With the investment, KudiGo will have access to global capital, talent and knowledge transfer through the Founders network that includes world class entrepreneurs, investors, corporate and successful startups across Africa, Europe, the UK and the US.

Chief Enabler at KudiGO, Kingsley Abrokwah, in an interview, hinted that the main reason for going with the Founders Factory accelerator as against any other had everything to do with the nature and structure of the program and how it fits perfectly into the vision for KudiGO.

Having successfully closed this initial investment round, we are focused on achieving our year-end target of 5,000 businesses on our platform, achieve a 40% business growth for these businesses by virtue of using our solutions, rolling out our credit referencing and micro-lending modules specifically targeted at users of our platform in partnership with our strategic partners and investors”, Kingsley further commented.

Founders Factory comes on board with Standard Bank Group as a direct investor and strategic partner.