# Accrue Wealth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accrue-wealth

- Industry: Financial Services
- Headquarters: Dover, US
- Website: www.useaccrue.com/
- Total disclosed funding: $1.6M
- Latest round: Seed (Jan 24, 2025)
- Investors on record: 5

## About

Established in 2021 and based in Delaware, US, Accrue Wealth Inc. provides a mobile platform for fast cross-border payments. Zino Asamaige, Adesuwa Omoruyi, and Clinton M. are the co-founders of the company. In January 2025, Accrue Wealth Inc raised USD 1.58 million in seed funding led by Lattice Capital Management, including Maven 11 Capital, Lava, Kraynos Capital, and Distributed Capital.

The company’s core product is a mobile application that enables users to send money to various recipients, including family, friends, and service providers, in under five minutes. The firm’s app supports multiple payment methods, including bank transfers, MoMo, and MPesa, catering to a diverse clientele that spans students, professionals, and gig workers in regions such as South Africa, Ghana, Nigeria, and Kenya. Additionally, Accrue provides users with a customizable virtual dollar card for secure online transactions, along with a savings feature that allows users to earn daily interest on their deposits. The company’s financial solutions are designed to address common challenges in sending money across borders, such as high fees, slow transaction times, and lack of accessibility for end users.

Accrue generates revenue primarily through transaction fees associated with cross-border payments and other financial services offered through its mobile platform. The platform’s transaction structure includes direct-to-consumer interactions, as users are charged fees for each transfer made, while also providing options for deposit links that allow third parties to send money to users without requiring them to have an Accrue account.

The organization plans to use the January 2025 funding to scale its payment infrastructure across Africa, enhance its product offerings, and expand into new markets to support seamless global commerce.

## Funding rounds

- Seed, Jan 24, 2025, $1.6M — Distributed Capital Partners, Maven11 Capital, Lattice Capital Management, Kraynos Capital, Lava

## Investors

- Distributed Capital Partners (https://capitalatlas.ai/funds/distributed-capital-partners) — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Lattice Capital Management (https://capitalatlas.ai/funds/lattice-capital-management) — Seed
- Kraynos Capital (https://capitalatlas.ai/funds/kraynos-capital) — Seed
- Lava — Seed