# Maplerad Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maplerad-technologies

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.maplerad.com
- Total disclosed funding: $6M
- Latest round: Seed (Oct 17, 2022)
- Investors on record: 9

## About

Based in Lagos, Nigeria, and founded in 2022 by Miracle Anyanwu and Obinna Chukwujioke, Maplerad Technologies Inc., a.k.a. Maplerad operates as a developer of banking service infrastructure that offers financial services for business products and handles all compliance, bank relationships, and licensing needs for beginners in the business. In October 2022, Valar Ventures led a USD 6 million in seed funding for Maplerad Technologies Inc., with participation from Armyn Capital, Golden Palm Investments Corporation, MyAsiaVC, Polymath Capital, Strawhat Investment, The Fintech Fund, and Unpopular Ventures.

The company provides a banking-as-a-service platform with APIs (application program interfaces) that allows developers to embed financial features such as accounts, payments, FX, and cards into their products. Maplerad Technologies Inc. also offers an application that enables users to make international payments by offering cross-border payment solutions in fiat and cryptocurrency.

The company plans to use its proceeds from October 2022 funding to acquire more customers, build its team, enhance the process to get additional licenses and expand its reach to the African market.

## Funding rounds

- Seed, Oct 17, 2022, $6M — Valar, Golden Palm Investments Corporation, Unpopular Ventures, MyAsiaVC, Polymath Capital, Armyn Capital, The Fintech Fund, Strawhat Investment, Dunbar

## Investors

- Valar (https://capitalatlas.ai/funds/valar) — Seed
- Golden Palm Investments Corporation (https://capitalatlas.ai/funds/golden-palm-investments-corporation) — Seed
- Unpopular Ventures (https://capitalatlas.ai/funds/unpopular-ventures) — Seed
- MyAsiaVC (https://capitalatlas.ai/funds/myasiavc) — Seed
- Polymath Capital (https://capitalatlas.ai/funds/polymath-capital) — Seed
- Armyn Capital (https://capitalatlas.ai/funds/armyn-capital) — Seed
- The Fintech Fund (https://capitalatlas.ai/funds/the-fintech-fund) — Seed
- Strawhat Investment — Seed
- Dunbar (https://capitalatlas.ai/funds/dunbar) — Seed