Adumo
Developer of financial software designed to transform the payment acceptance market in sub-Saharan Africa. The company offers working capital requirements, consumer engagement, business support, an in-store consumer credit platform and hardware, serving a broad spectrum of merchants such as multi-nationals, independent retailers, entrepreneurs and informal traders.
Location: Nigeria
Website: http://www.adumo.com/
Sector: Finance
Funding Stage: Series B, Venture Round, M&A, M&A,
Total Funding ($m): 207
# of Founders: 2
Founding Year: 2018
Funding Year: 2024
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2021 | $15m | Series B | IFC |
| 2022 | $11m | Venture Round | Apis Partners, Crossfin, IFC, Investec Private Capital |
| 2024 | $85m | M&A | Lesaka Technologies |
| 2024 | $96m | M&A | Lesaka Technologies |
Series B $15m
IFCVenture Round $11m
Apis Partners, Crossfin, IFC, Investec Private CapitalM&A $85m
Lesaka TechnologiesM&A $96m
Lesaka TechnologiesNews
https://techpoint.africa/2024/10/03/lesaka-completes-adumos-acquisition/