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Zuvy Comes Out Of Stealth With $4.5M Funding To Amplify Invoice Financing Across Nigeria

Jul 03, 2023over 2 years ago

Amount Raised

$4.5 Million

Round Type

seed

LagosMessaging

Investors

David Mussafer, Chairman & Managing Director Of Advent InternationalVicus VenturesDunbar CapitalNext Chymia Consulting HkTlg Capital

Description

Zuvy recently raised $4.5 million in equity and debt financing, led by TLG Capital. This funding round attracted a diverse range of investors, including Next Chymia Consulting HK, Dunbar Capital, Vicus Ventures, and prominent angels like David Mussafer, Chairman & Managing Director of Advent International. The capital infusion will be used to meet the increasing demand from vendors on the Zuvy platform and expand their loan book.

Company Information

Company

Zuvy

Location

Lagos, Lagos State, Nigeria

About

Zuvy provides cash advances on unpaid invoices for small businesses on the African continent.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers