# CrowdForce Nigeria

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowdforce-nigeria

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.crowdforce.io
- Total disclosed funding: $0.1M
- Latest round: Seed (Mar 17, 2020)
- Investors on record: 1

## About

Based in California, US, and founded in 2013 by its CEO Oluwatomi Ayorinde and COO Damilola Ayorinde, CrowdForce Nigeria Limited operates as a digital inclusion company that provides industry and market research for public and private organizations, and financial services to individuals through its agent network. In March 2023, MyCredit Investments Ltd a portfolio company of Le Studio VC, Newfund Management, Speedinvest, Flourish Ventures, DST Partners, Tiger Global Management, and TLG Capital, acquired CrowdForce Nigeria Limited from Y Combinator, Aruwa Capital Management, AAIC Holdings, and HAVAÍC, for USD 15 million in cash and stock. As of April 2023, the company is located in the USA and Nigeria, with 54 employees and over 13,000 active agents and merchants. 

CrowdForce Nigeria Limited offers two main products: PayForce and MobileForms. PayForce leverages the company's merchant network to deploy digital services, and financial products and collect payments from the mass market. It helps banks and fintech startups scale and captures digital identities via local merchant stores; MobileForms is a data collection and analytics platform with an analytics dashboard and access to a network of field agents to collect real-time market data and surveys on the ground. The company's client base includes Trader Moni, Dufil, and Beiersdorf.

## Funding rounds

- Seed, Mar 17, 2020, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed