Fundz

Agent Banking Company (ABC) raised an undisclosed amount in a funding round led by Goodwell Investments to expand its client base and increase agent coverage.

PRIVATEOct 12, 2024

Round Type

Venture

KampalaFinancial ServicesFinanceFintechLendingBanking

Investors

Goodwell Investments

Description

Agent Banking Company (ABC), a Ugandan fintech, has secured an undisclosed investment from Goodwell Investments aimed at expanding its client base and increasing agent coverage. The funding comes from Goodwell’s uMunthu II Fund, targeting early-stage growth companies in Africa's financial services sector.

Quick answer

Agent Banking Company raised an undisclosed amount in a funding round, dated October 12, 2024. Investors: Goodwell Investments. Agent Banking Company is based in Kampala, Central Region, Uganda.

How much did Agent Banking Company raise?
Agent Banking Company raised an undisclosed amount in a funding round on October 12, 2024.
Who invested in Agent Banking Company?
Goodwell Investments is named as investors in this round.
What does Agent Banking Company do?
Agent Banking Company (ABC) is a Ugandan fintech that facilitates access to financial services in underserved areas through interoperable digital platforms.
Where is Agent Banking Company based and how big is it?
Agent Banking Company is based in Kampala, Central Region, Uganda.
Who are the decision-makers at Agent Banking Company?
Fundz holds 2 contacts at Agent Banking Company. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Agent Banking Company that raised within 45 days of this round, from Fundz verified event records.

  • Lean Technologies raised $68M (Series B) on November 11, 2024.
  • Tomorrow raised $5.3M (Funding Round) on November 8, 2024.
  • GBank Financial Holdings raised $20M on October 11, 2024.
  • Qist Bazaar raised $3.2M (Series A) on September 23, 2024.
  • Aye Finance raised $30M (Series G) on September 20, 2024.
  • Primary raised $3.5M (Seed) on September 18, 2024.

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Company Information

Company

Agent Banking Company

Location

Kampala, Central Region, Uganda

About

Agent Banking Company (ABC) is a Ugandan fintech that facilitates access to financial services in underserved areas through interoperable digital platforms. Founded in 2017 by the Uganda Banker’s Association and pan-African technology company Eclectics, ABC enables commercial banks to appoint agents who offer banking services such as deposits and withdrawals. The company aims to enhance customer experience and reduce costs while increasing coverage of financial services. By the end of 2021, ABC had over 20,000 agents enrolled on its platform.

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Agent Banking Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.