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

Dec 16, 2024•8 months ago

Amount Raised

$3 Million

Round Type

seed

LagosLendingMarketplaceFintechFinancial ServicesE Commerce

Investors

Tunde FolawiyoGbenga OyebodeAndrew AlliMicrotractionMagic FundFuture AfricaVentures PlatformP1 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.

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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