FinTech Startup Kudigo Opens Office In Nigeria; Plan On Expanding To East Africa Markets

Ghanaian fintech startup KudiGO has officially opened an office in Nigeria

The fintech company which launched in 2018 provides an integrated, mobile-based retail, payments, accounting, and analytics engine for the consumer retail industry in Ghana and Nigeria.

Last year, the company raised $450,000 in funding from Founders Factory African to help expand its operations

KudiGO’s “chief enabler” Kingsley Abrokwah said the startup had since grown its user base substantially, from 800 stores in March to over 4,000 as of today. Average orders processed monthly has grown to over 20,000, while it has processed over US$2.4 million in transaction value so far.

The company is also working on expansion efforts in Uganda and Kenya.

In addition to its current solution, the company also launched RapidGate a couple of months ago. RapidGate is a web and mobile-based distribution management system designed for consumer retail distributors, aimed that connecting them with their retailers and enabling value chain accessibility,

KudiGO is currently in the process of closing a bridge pre-Series A round worth US$500,000, which Abrokwah said it hoped to finalise on in the first three months of 2020.


Source: Disrupt Africa