The Nigerian money transfer startup Aboki Africa is raising start-up capital

Nigerian money transfer startup Aboki Africa has raised a round of seed capital to help the team grow and expand their product range.

Aboki Africa was launched in July this year by Idorenyin Obong and Femi Aghedo after a year of testing, and it enables users to create a free global virtual bank account for foreign payments and transfers in foreign currency.

The first round of funding for the startup will be led by Abdul Hassan, CEO of Fintech Nigeria Mono, and will also include investments from Niche Capital, Ingressive Capital and other strategic investors. Capital is invested to expand the product range and expand the core team.

We made Africa out of necessity. I have personal experiences with pain points that we try to reduce. People who work and trade remotely do not need to receive any money. said Agido.

We are proud of the team we have built and how much we have improved. “It is great to see how motivated we are with such a young team and we are happy about the support of our best partners.”

Uwem Uwemakpan, deputy chief financial officer of Ingressive Capital, said Nigeria has a large number of creative and talented young people taking legal action to get their wages in foreign currency.

Ingressive investments in Aboki Africa reinforce our belief that technology will help us lift Africa out of poverty and enable young people as well as freelancers, importers, exporters, traders and producers to easily exchange forex and open external accounts . “Collect payments.”