Fintech company Payday raises US$1m pre-seed funding to build new offering

NIGERIA – Payday, a Pan-African financial technology company, has raised US$1 million in pre-seed funding to build out what they believe will be the “PayPal” for Africa. The round had participation from several investors including LofyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network, Emergence Capital and Olugbenga Agboola (GB). Others include Charles Odita, Eke Eleanya, Adegoke Olubusi, Edmund Olotu (Bloc), Prosper Otemuyiwa (Eden), Dimeji Sofowora, Perseus Mlambo (Union54), Abdul Hassan (Mono), Onyekachukwu Somtochukwu Eyisi, and a host of other investors. Ntoudi…

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