Estimated reading time: 0 minutes, 25 seconds

TeamApt Pulls in $5.5M in Series A Round

Thursday, Feb 28 2019
News
Written by  FinTech News Brief Staff
TeamApt Pulls in $5.5M in Series A Round

TeamApt, a Nigerian fintech, raised $5.5 million in a Series A funding round led by Quantum Capital Partners. So reports TechCrunch.

The startup will use the capital to expand its “white label digital finance products and pivot to consumer finance” as it launches its banking app. TeamApt supplies payment and financial solutions to Nigeria’s large commercial banks. The company boasts a development team of 40 members and services 26 African bank clients to the tunes of $160 million in processed monthly transactions.

Read the full article from TechCrunch.

Read 2496 times
Rate this item
(0 votes)
More in this category: « Fintech Company Self Lender Teams Up with Atlantic Capital Financial Innovation, Disruption Among Topics at SII Conference »

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline