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): $207M
# of Founders: 2
Founding Year: 2018
Funding Year: 2024
Status: Active
| 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 |
| Paul Kent , Mathew Marsden , , |
Series B $15m
IFC
Venture Round $11m
Apis Partners, Crossfin, IFC, Investec Private Capital
M&A $85m
Lesaka Technologies
M&A $96m
Lesaka Technologies