Fintech startup Payhippo raises US$1m pre-seed funding to scale its offering

NIGERIA – Payhippo, a fintech startup, has raised US$1 million in pre-seed funding to scale its offering, which provides vital loans to small businesses. Investors include Ventures Platform, Future Africa, Launch Africa, Sherpa Ventures, DFS Lab, Hustle Fund and Mercy Corps Ventures. Payhippo had previously raised external capital from Nigerian angel investors and early-stage venture builder Aidi Ventures. Payhippo said it will use the funds to hire more engineers and a Head of Finance to keep up with the current growth. Launched in January of last year by Chioma Okotcha,…

Read More