Prospa, a Nigerian fintech startup, found in 2019 by Kioma Ugo, Frederik Obagi, and Rodney Jackson Cole, has raised $3.8 million in a pre-seed funding round. This fund round is made to provide banking and software services to small businesses.
In this round, investors who participated include Global Founders Capital and Liquid 2 Ventures. Global Founders Capital is a venture capital-oriented firm, Liquid 2 is also an early-stage investment fund, committed to startups. It has the likes of Walnut, Cloud 9, Armoury and Brat in its portfolio. Immad Akhund of Mercury, Karim Atiyeh of Ramp, and executives from Teachable, Square, Facebook, and Nubank were among the participants in the round
The company places a strong emphasis on freelancers and entrepreneurs who serve as the backbone of their companies.
Account numbers and a variety of additional features are available to registered firms on the platform. In addition to providing bank accounts, they are guided through the process of formalizing their company.
Prospa offers invoicing tools, inventory management, employee and vendor administration, an e-commerce site, and payroll functions in addition to banking services.