BlockAfranew
Latest round
- Seed
Last raised
- Dec 2019
Total raised
- $15M
Investors
- 2
About BlockAfranew
BlockAfranew, Inc.Founded in 2018 and headquartered in Accra, Ghana, BlockAfranew, Inc. operates as a digital financial services company that enables seamless transactions across the continent. The company has undergone strategic pivots to enhance its product offerings, targeting markets in West Africa, particularly Ghana and Nigeria. The firm was co-founded by Atsu Davoh and Samuel Boahen, with Atsu Davoh serving as the CEO.BlockAfranew, Inc. primarily offers a digital payment platform designed to facilitate seamless transactions across the African continent. The company's core product enables users to conduct mobile money transfers, pay for goods and services, and exchange currencies effortlessly. This platform aims to address common financial challenges, such as accessibility and speed of transactions, particularly in regions with limited banking infrastructure. By providing an intuitive interface, BlockAfranew serves a diverse client base, including individual consumers, small businesses, and larger enterprises, who require reliable and efficient financial solutions.BlockAfranew, Inc. generates revenue through a transaction-based model, where users incur fees on each transfer or transaction completed through its platform. This structure allows individual consumers and businesses to utilize the service for various payment needs, including remittances and direct purchases. Users may engage with the platform to send money to friends or pay for products from local merchants, with the platform processing these transactions efficiently. The firm may also establish partnerships with retailers and service providers, enabling them to integrate the payment solution directly into their operations.BlockAfranew, Inc. is actively pursuing new product developments aimed at enhancing its digital payment capabilities, with plans for launches in the upcoming year. The company is also focusing on expanding its services into additional West African markets, specifically targeting regions in Nigeria and Ivory Coast by 2025.
Who invested in BlockAfranew
2 investors across 2 rounds
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Questions about BlockAfranew
Who invested in BlockAfranew?
BlockAfranew has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has BlockAfranew raised?
BlockAfranew has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did BlockAfranew last raise money?
BlockAfranew's most recent round on record is a Seed, in Dec 2019.
What does BlockAfranew do?
BlockAfranew is a financial services company.
Where is BlockAfranew headquartered?
BlockAfranew is headquartered in Accra, Ghana.
Which VCs invest in companies like BlockAfranew?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at BlockAfranew's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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