December 21

Pivo Africa Closes A Year After Securing $2 Million Funding

By Sonya Israni

Pivo Africa, a Nigerian fintech startup, backed by Y-Combinator, recently ceased operations after launching in 2021. The company secured $2 million in funding in November 2022 to expand into East Africa and help SMEs overcome supply chain obstacles. Pivo Africa had two primary categories of services: Pivo Capital and Pivo Business.

Photo courtesy of Tim Mossholder.

Source: CIO Africa (link opens in a new window)

Finance, Technology
failure, fintech, MSMEs, startups, supply chains, women entrepreneurs