What is Duplo?
Duplo operates as a business-to-business payments platform, aiming to streamline financial transactions for enterprises. Based in Lagos, Nigeria, the company is positioned within the rapidly evolving African fintech landscape. Its focus on B2B payments suggests a strategy to address the complexities and inefficiencies often found in corporate payment systems, providing a more robust and integrated solution for businesses operating both locally and internationally.
How much funding has Duplo raised?
Duplo has raised a total of $5.6M across 2 funding rounds:
Other Financing Round
$1.3M
Angel/Seed
$4.3M
Other Financing Round (2022): $1.3M with participation from Olugbenga Agboola, MyAsiaVc, Oui Capital, Abdul Hassan, and Y Combinator
Angel/Seed (2022): $4.3M led by Soma Capital, Liquid 2 Ventures, Basecamp Business, Commerce Ventures, and Tribe Capital
Key Investors in Duplo
Soma Capital
Soma Capital is an investment firm focused on building deep relationships with exceptional individuals driving progress, offering a fellows program to support emerging talents and showcasing a portfolio of innovative startups.
Liquid 2 Ventures
Liquid 2 Ventures supports founders in building lasting companies through experience, community, and capital, focusing on early-stage investments and providing access to a vast network of operators.
Basecamp Business
Basecamp Business aims to improve entrepreneurial success by helping technology companies grow, contributing to the local ecosystem with a unique operating background and strategic partnership approach.
What's next for Duplo?
With the infusion of major enterprise-level funding, Duplo is poised for significant scaling and operational enhancement. The strategic investment indicates strong confidence from backers in the company's business model and market potential. This capital injection will likely be directed towards expanding its technological infrastructure, enhancing its service offerings, and potentially broadening its geographic reach within Africa and beyond. The company's next phase will focus on solidifying its market position and driving adoption of its B2B payment solutions.
See full Duplo company page
