# Pivo Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pivo-technology

- Industry: Financial Services
- Headquarters: Yaba, Nigeria
- Website: www.pivo.africa
- Total disclosed funding: $2M
- Latest round: Seed (Nov 21, 2022)
- Investors on record: 5

## About

Based in Yaba, Nigeria, and founded in 2021, Pivo Technology Limited operates as a financial services company for supply chain businesses. The firm offers an end-to-end financial operating system through smart current accounts, payments, and financial tools. The platform facilitates growth through structured working capital loans, trade-related finance solutions, and the integration of software and financial technology for transaction management within supply chains. The company primarily provides services to manufacturing supply chains, offering credit, transaction, and expense management tools to improve cash flow for SME vendors. In November 2022, Pivo Technology Limited raised USD 2 million in seed funding from new investors. FoundersX Ventures, Mercy Corps Ventures, Precursor Ventures, VestedWorld. Returning investor Y Combinator also participated in the round.

## Funding rounds

- Seed, Nov 21, 2022, $2M — Y Combinator, VestedWorld, Precursor Ventures, FoundersX Ventures, Mercy Corps Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- VestedWorld (https://capitalatlas.ai/funds/vestedworld) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- FoundersX Ventures (https://capitalatlas.ai/funds/foundersx-ventures) — Seed
- Mercy Corps Ventures (https://capitalatlas.ai/funds/mercy-corps-ventures) — Seed