Cashflow is the lifewire of a #smallbusiness. Yet, most SMEs in #Africa receive delayed settlements for services rendered. Thus, they are unable to fulfil orders for future clients. Nowhere is this pain more acute than in capital-intensive businesses like freight forwarding.
Founded by Nkiru Amadi-Emina and Ijeoma Akwiwu in July 2021, Pivo Africa is enabling freight carriers to get paid faster by providing a bank account, debit card and digital invoicing tools that track payments.
In this episode of #ZeroToScale, Ijeoma talks about how the YC-backed company recorded a 400% growth in 2021, managed co-founder relationships and navigated the African logistics space.
Shortly after this video was recorded, Pivo Africa raised a $2 million seed fund from Precursor Ventures, Vested World, Y Combinator, FoundersX and Mercy Corp Ventures to expand its product offerings to African supply chain SMEs.
Within 2022, Pivo participated in the Y Combinator 2022 summer batch. The company was part of the ODX accelerator programme where it’s entitled to $125,000 for a 7% equity stake.
African borders are becoming more invisible than ever. Businesses and individuals are increasingly connecting, building, and trading across the continent. On August 21, the people driving this future will gather in Lagos for candid conversations about the realities of building a borderless Africa. Get your ticket now and be in the room. Click here
Last updated: December 26, 2024
