Development Bank of Nigeria has awarded N13 million in grants to three tech startups, aiming to support MSME growth within Nigeria's innovation ecosystem.
Amount Raised
₦13 Million
Round Type
Pre-Seed
NigeriaFinancial ServicesDescription
DBN has granted N13 million to three tech startups, including N6 million to BuyScrap as the winner of the DBN Techpreneur Summit 4.0. QiqiFarms and Ecocyclers received N4 million and N3 million, respectively. This initiative supports the growth of Micro, Small, and Medium Enterprises in Nigeria. DBN aims to enhance financing strategies for tech ventures.
Quick answer
Development Bank of Nigeria Plc raised ₦13 Million in a Pre-Seed round, dated June 28, 2025. Development Bank of Nigeria Plc is based in Nigeria.
- How much did Development Bank of Nigeria Plc raise?
- Development Bank of Nigeria Plc raised ₦13 Million in a Pre-Seed round on June 28, 2025.
- What does Development Bank of Nigeria Plc do?
- The Development Bank of Nigeria Plc (DBN) is focused on empowering Micro, Small, and Medium Enterprises (MSMEs) in Nigeria's innovation ecosystem.
- Where is Development Bank of Nigeria Plc based and how big is it?
- Development Bank of Nigeria Plc is based in Nigeria.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as Development Bank of Nigeria Plc that raised within 45 days of this round, from Fundz verified event records.
- Elever raised $1.1M (Pre-Series A) on August 12, 2025.
- DL Holdings Group Limited raised $83M (Funding Round) on August 10, 2025.
- Aeropay raised $20M (Funding Round) on August 10, 2025.
- Translucent raised $7M (Seed) on August 7, 2025.
- Wagestream raised $399M (Debt Financing) on August 7, 2025.
- SHOOK Research raised an undisclosed amount (Corporate Round) on August 7, 2025.
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Development Bank of Nigeria Plc 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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