Tech in Africa
OnePipe, a Nigerian API fintech startup made public its raise of $950k in pre-seed funding. The round was led by Techstars the US-based seed-stage accelerator alongside Atlantica Ventures the African impact-focussed vision fund.
Among the institutional investors were Raba Capital, Future Perfect Ventures, Ingressive Capital, P1 Ventures, Zedcrest Capital, Sherpa Ventures Africa, and DFS Lab. Several angel investors were involved namely; Chris Adelsbach, Vishal Agarwal, Jim Chu, Idris Ayo Bello, Folabi Esan, Haresh Aswani, among others.
API fintech startups have received increased attention over the past year. The technology has created incredible companies like Flutterwave and Paystack. In addition, the startups solve various problems faced by banks, money lenders, and the average customer.
According to comments shared by Techpoint Africa, CEO Ope Adeoye OnePipe aspires to be a super aggregator of financial service APIs under one standard. It operates as open banking in the absence of an open bank. API fintech at times runs robotic process engines to arrive collect consumer data.
OnePipe has now operated for two years since its launch, garnering the support and partnerships of several banks among them SunTrust Bank, Polaris Bank, Quickteller, Flutterwave, Providus Bank, Paystack, and Migo.
Source: Techpoint Africa
