E-commerce retail startup Alerzo secures US$10m Series A round to expand geographically

NIGERIA – Alerzo, a B2B e-commerce retail startup based in Ibadan, Nigeria has announced a US$10.5 million Series A round led by New York-based Nosara Capital, report Techrunch. FJ Labs and several family offices from the U.S., Europe and Asia, including Michael Novogratz’s, participated in the round. The proceeds from this Series A round will be used to expand geographically to northern Nigeria. Alerzo also plans to launch AlerzoPay, the company’s cashless payments and lending platform, as well as a portfolio of new business support services. In total, Alerzo has…

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