Nigeria’s fintech Accrue raised $1.58 M Seed funding to boost cross-border payment solutions

Accrue, a Nigerian fintech startup that is transforming cross-border payments in Africa, has raised US $1.58 million in seed money to increase its staff and product line.

Zino Asamaige, Adesuwa Omoruyi, and Clinton Mbah, former Helicarrier employees, founded Accrue in 2021 with the goal of making cryptocurrency investments easier. It enables quicker and more dependable money transfers by using an agent network model, which was influenced by services like M-Pesa and Moniepoint.

More than 200,000 people use Accrue in eight African nations, including South Africa, Ghana, Nigeria, and Kenya. Lattice Fund led its US $1.58 million funding round, which also included Kraynos Capital, Distributed Capital, Lava, and Maven 11.

In order to meet important financial needs throughout the continent, Accrue will use the investment to improve its product offerings, bolster its workforce, and extend its payment infrastructure.