Pivo Powers Up Nigerian Freight Carriers With A Bespoke Digital Bank, Gets $2M Seed Funding
Amount Raised
$2 Million
Round Type
Seed
Lagos StateFinancial ServicesFinanceFintechLogisticsInvestors
Description
Most small and medium enterprises (SMEs) in supply chains across different sectors in Africa execute orders in days but receive invoices after several weeks and sometimes months. It’s such an inefficient way of doing business that ultimately leads to cash-flow problems — and on top of that are fragmented payment collection and tracking processes.
Quick answer
Pivo raised $2 Million in a Seed round, dated November 24, 2022. Investors: Precursor Ventures. Pivo is based in Lagos State, Nigeria.
- How much did Pivo raise?
- Pivo raised $2 Million in a Seed round on November 24, 2022.
- Who invested in Pivo?
- Precursor Ventures is named as investors in this round.
- What does Pivo do?
- An all-in-one financial services platform for Supply Chain SMEs.
- Where is Pivo based and how big is it?
- Pivo is based in Lagos State, Nigeria.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Pivo that raised within 45 days of this round, from Fundz verified event records.
- KreditBee raised an undisclosed amount (Funding Round) on January 6, 2023.
- Architect raised $5M on January 6, 2023.
- Pagaya Technologies raised $17M on January 5, 2023.
- Akulaku raised $200M on December 26, 2022.
- Recognise Bank raised $30M (Funding Round) on December 23, 2022.
- Streamex Corp. raised $1.1M (Seed) on December 21, 2022.
Who to call at Pivo, and when
A new round usually means Pivo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Pivo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pivo, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Pivo. With Fundz connected, it knows.
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Fundz sees it the moment Pivo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Pivo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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