Vesicash Financial Technology
Latest round
- Seed
Last raised
- Feb 2020
Total raised
- Undisclosed
Investors
- 1
About Vesicash Financial Technology
Vesicash Financial Technology was founded in 2018 in Lagos, Nigeria. The company focuses on facilitating secure financial transactions through its innovative payment processing platform. It was co-founded by Ibrahim Oladele and Tomisin Adeshiyan, who bring significant experience in the financial technology sector.Vesicash offers a range of core products designed to facilitate seamless payment processing and financial transaction management across diverse markets. Central to their offerings is the Merchant of Record (MoR) service, which enables businesses to manage financial transactions securely while ensuring compliance with local regulations. Additionally, Vesicash provides an escrow service that enhances transaction confidence for both B2B and B2C payments, ensuring that value is exchanged securely. Their platform supports local payment collection and multi-currency payouts, catering to the needs of businesses that operate in various geographical markets, including Nigeria, Ghana, Kenya, Egypt, and South Africa.Vesicash generates revenue through transaction fees associated with its payment processing services, leveraging its partnerships with licensed payment processors to deliver a robust financial ecosystem for its clients. The transaction structure typically involves businesses subscribing to Vesicash's services, allowing them to collect payments from customers in multiple currencies while providing options for local payment collection. These transactions may encompass B2B engagements where companies utilize Vesicash's escrow services to ensure secure payments, as well as direct-to-consumer sales facilitated through their platform.Vesicash Financial Technology aims to expand its offerings by developing new products, with specific details on upcoming launches to be announced in the near future. The company is focused on entering additional markets within Africa, specifically targeting regions that show potential for growth by mid-2024.
Who invested in Vesicash Financial Technology
1 investor across 1 round
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Funding rounds
Seed
Feb 21, 2020
Amount
Undisclosed
Investors
Questions about Vesicash Financial Technology
Who invested in Vesicash Financial Technology?
Vesicash Financial Technology has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Vesicash Financial Technology raised?
Vesicash Financial Technology has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Vesicash Financial Technology last raise money?
Vesicash Financial Technology's most recent round on record is a Seed, in Feb 2020.
What does Vesicash Financial Technology do?
Vesicash Financial Technology was founded in 2018 in Lagos, Nigeria.
Where is Vesicash Financial Technology headquartered?
Vesicash Financial Technology is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Vesicash Financial Technology?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Vesicash Financial Technology's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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