# Sudo Africa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sudo-africa

- Industry: Financial Services
- Headquarters: Nigeria, Nigeria
- Website: www.sudo.africa
- Latest round: Seed (Aug 19, 2021)
- Investors on record: 1

## About

Based in Nigeria and founded in 2020 by Aminu Bakori and Kabir 'Bayo Shittu, Sudo Africa, Inc operates as a card issuing API fintech company. In March 2022, Sudo Africa, Inc raised USD 3.7 million in venture funding from investors including Global Founders Capital, Berrywood Capital, Kepple Africa Ventures, LoftyInc Capital Management, Picus Capital, Rally Cap Ventures, Suya Ventures, and Zedcrest.

The company’s infrastructure allows developers and merchants to not issue virtual and physical cards to their customers and also allows businesses to regulate and program the cards according to the needs of the customers. The company also allows businesses to control how the cards are used by employees, staff, or associates. The company also allows businesses to put spending controls on the cards such as where, when, and how much can be spent. The company's customers include businesses from industries such as fintech, microfinance banks, non-tech enterprises, government agencies, logistics companies, commercial banks, and e-commerce. 

Sudo Africa, Inc generates revenue by charging interchange fees when the issued cards are used to make a web or POS transaction and also charges authorization fees when spending and location-based controls are made. 

The company plans to use the funding to expand to other African markets.

## Funding rounds

- Seed, Aug 19, 2021 — LoftyInc Capital Management

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed