Fundz

Nigeria’s Sudo Africa Raises $3.7M Pre-Seed For Its Card-Issuing Api Platform

PRIVATEMar 03, 2022

Amount Raised

$3.7 Million

Round Type

Pre-Seed

NigeriaOtherFinancial ServicesSoftware

Description

Sudo Africa, a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding.

Quick answer

Sudo Africa raised $3.7 Million in a Pre-Seed round, dated March 3, 2022. Sudo Africa is based in Nigeria.

How much did Sudo Africa raise?
Sudo Africa raised $3.7 Million in a Pre-Seed round on March 3, 2022.
What does Sudo Africa do?
Say a company uses Sudo Africa to issue cards for employee expense management; what happens is that employees are given cards with a low balance so whenever they need to use the card, an API is called each time to..
Where is Sudo Africa based and how big is it?
Sudo Africa is based in Nigeria.

Source: Fundz verified event record.

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

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

  • Welcome Tech raised $30M (Funding Round) on April 14, 2022.
  • Compt raised $13M on April 14, 2022.
  • Compt raised $13M (Series A) on April 14, 2022.
  • Leatherback raised $10M (Funding Round) on April 14, 2022.
  • Formations raised $8M (Series A) on April 13, 2022.
  • Newfront raised $200M on April 12, 2022.

Who to call at Sudo Africa, and when

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

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

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Company Information

Company

Sudo Africa

Location

Nigeria

About

Say a company uses Sudo Africa to issue cards for employee expense management; what happens is that employees are given cards with a low balance so whenever they need to use the card, an API is called each time to decide whether to approve or deny that transaction in real time. However, it seems the trio are almost identical, considering the features each company claims to have on their sites.Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API The company charges interchange fees when its issued cards are used to make a web or POS transaction and takes authorization fees when spending and location-based controls are made. Sudo Africa is currently the only player in this space that offers its virtual and physical cards service solely in Nigeria.

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Sudo Africa 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.