Nowadays, the digital asset poses a tangible means to stream steady income as the digital economy trends in this age as financial inclusion for earthlings. In Africa, the West African digital economy is the commercial market with an untapped customer base to promote products sales.
The Lagos-based FinTech startup christened YEP! closed its Pre-seed Round with a $1.5m deal. YEP! sets to inject the funds in its executive budget schemed to accelerate its FinTech network and startup development. YEP!’s co-founder, Garry Ottosen, revealed the pre-seed funds will endorse its mobile app development that will be available for flagship OS such as Android OS and iOS.
“We want to create a disruptive financial platform that democratizes access to financial services and economic opportunities for both retail and business customers across Africa. Yep! Succeeds only when our customers do,” Ottosen said.
YEP! FinTech solutions sell secured remittance, job creation, and financial inclusion for the entire continent. The YEP! FinTech network currently operates in Africa’s money market serving lucrative commercial activities, including, Lagos (headquarters), Togo, Burkina Faso, Cote d’Ivoire, and Niger. Ottosen also said the mobile app will be available in his choice of five-star countries.
“As we strive to deliver on our promise of bringing financial access to all Africans and Connecting Africans to the world, increasing Yep!’s lending capacity will be a key catalyst in pulling more customers and merchants into its ecosystem.” YEP! Cofounder, Olaoluwa Awojoodu, confirmed what Ottosen said about his FinTech solution to serve loans for Africans via the YEP! mobile app
YEP! currently sells its FinTech services to Americans in San Francisco (headquarters)— the digital finance market. The Lagos-based FinTech company tends to serve the unbanked with easy remittance UI on the mobile app.
Y Combinator led YEP!’s FinTech pre-seed round due to the optimistic potential to serve Africans. The startup FinTech company also got offerings from several capitalists, including, Flutterwave, Helium Health, etc. Still, Y Combinator did not disclose if YEP! will be drafted for YC W22 Accelerator Program.