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Juicyway raised $3 million in pre-seed funding led by P1 Ventures to expand its marketing and development teams and improve its technology.

PRIVATEDec 16, 2024

Amount Raised

$3 Million

Round Type

Pre-Seed

LagosFinancial ServicesE CommerceMarketplaceFintechLending

Investors

Tunde FolawiyoVentures PlatformFuture AfricaMagic FundMicrotractionAndrew AlliGbenga OyebodeP1 Ventures

Description

Juicyway, a Nigerian cross-border payments startup, has successfully raised $3 million in pre-seed funding. The company aims to utilize the funds to enhance its operational capabilities in multiple countries including Nigeria, the US, the UK, and Canada.

Quick answer

Juicyway raised $3 Million in a Pre-Seed round, dated December 16, 2024. Investors: Tunde Folawiyo, Ventures Platform, Future Africa, Magic Fund, Microtraction, Andrew Alli, Gbenga Oyebode and P1 Ventures. Juicyway is based in Lagos, Lagos State, Nigeria.

How much did Juicyway raise?
Juicyway raised $3 Million in a Pre-Seed round on December 16, 2024.
Who invested in Juicyway?
Tunde Folawiyo, Ventures Platform, Future Africa, Magic Fund, Microtraction, Andrew Alli, Gbenga Oyebode and P1 Ventures are named as investors in this round.
What does Juicyway do?
Juicyway is a Nigerian cross-border payments startup founded in 2021 that helps businesses and individuals convert local currencies to foreign currencies, facilitating international transactions.
Where is Juicyway based and how big is it?
Juicyway is based in Lagos, Lagos State, Nigeria. Fundz records about 51 employees.
Who are the decision-makers at Juicyway?
Fundz holds 3 contacts at Juicyway. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and E Commerce around the same time

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

  • Prosper raised $5M (Seed) on January 30, 2025.
  • Fagura raised $1M (Seed) on November 22, 2024.
  • OpenYield raised $7M (Funding Round) on November 21, 2024.
  • Cedar Money raised $9.9M (Seed) on January 30, 2025.
  • Yavrio raised $2.4M (Seed) on January 29, 2025.
  • Vikar Technologies raised an undisclosed amount (Series A) on January 28, 2025.

Who to call at Juicyway, and when

A new round usually means Juicyway is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Juicyway raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Juicyway, from your own LinkedIn network

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Company Information

Company

Juicyway

Location

Lagos, Lagos State, Nigeria

About

Juicyway is a Nigerian cross-border payments startup founded in 2021 that helps businesses and individuals convert local currencies to foreign currencies, facilitating international transactions. The platform serves as a marketplace for suppliers who bring in foreign currency and buyers who need to purchase it. Juicyway earns revenue from transaction fees and spreads on its service. Its technology allows for matching liquidity between customers, enabling cost-effective and compliant currency exchanges.

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Juicyway 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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