Speaking to Tech Crunch, Serunjogi added that the fintech would launch a stock product in Nigeria first allowing Nigerians to buy US stocks such as Tesla, Apple, or Amazon, thereafter, the stock product will be rolled out in other countries.
Business payment solution expansion will focus on offering API payments solutions for business enterprises to collect payments for the sale of goods.
“The product offering expansion will focus on business payment solutions, crypto-currency trading options, and investment services”
Serunjogi added that the firm would announce additional country expansion by the end of 2021.
Ribbit Capital led this funding round with participation of Bezos Expeditions, the personal VC fund of Amazon CEO Jeff Bezos.
The entry of Bezos Expeditions is the first in Africa for the fund.