The round was led by MaC Venture Capital with the participation of Melo 7 Tech Partners, Omidyar Group’s Luminate Fund, Cascador, and Hoaq Club.
“Better and more transparent business and financial data is expected to lead to more investment on the African continent. It was founded in 2017 by Preston Ideh, Abdul Abdulrahim, Foluso Ogunlana, and Michael Famoroti, who met at the London School of Economics and Imperial College in the UK. Speaking on the funding round, the co-founder, Preston Ideh, said “We know global professionals need our data and insight because banks, research firms, development organizations, and investors are already using our early products. Our customers tell us we are building a ‘systemically important’ company to address Africa’s data problem.
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