A Nigerian-based startup has successfully raised $150,000 in a pre-seed funding round lead by Black Knight Capital, a pre-seed and seed-stage angel investment outfit.
Fundall is one of Nigeria’s newest FinTech startup that focuses on digital banking for individuals and businesses. According to Fundall founder, Kolapo Joseph, “We started Fundall to be a financial partner that helps everyone build generational wealth & grow their businesses through sound financial decisions & finance tools powered by Behavioural Economics and customized to their lifestyles”.
Fundall plans to utilize the pre-seed funding to expand it’s launch and acquire a Microfinance bank, as “part of steps to further strengthen its operational framework and license to surpass both regulations and customer service expectations.”
According to the statement from Fundall, the move to acquire a Microfinance bank is part of steps to “to comply with regulations” and better serve her already 10,000-strong beta users.
This article first appeared on The BB Buzz