What is NowNow?
NowNow Digital Systems Ltd operates as a licensed financial services provider in Nigeria, offering a comprehensive suite of mobile payment solutions. Their flagship product, MyBiz, empowers merchants to accept payments swiftly and securely through various methods including POS devices, QR codes, and payment links, all without incurring monthly fees. With a user base exceeding 100,000 merchants, NowNow is committed to enhancing transaction efficiency and ensuring a safe financial ecosystem for businesses of all sizes, positioning itself as a key player in Nigeria's burgeoning fintech landscape.
How much funding has NowNow raised?
NowNow has raised a total of $13M across 1 funding round:
Angel/Seed
$13M
Angel/Seed (2022): $13M with participation from DLF Venture, Shadi Abdulhadi, and NeoVision Ventures
Key Investors in NowNow
DLF Venture
DLF Venture is a family-owned investment company focused on consumer-oriented brands, providing long-term support and strategic guidance through business milestones. They specialize in building strong brands and empowering ambitious founders with a detailed, partnership-driven approach.
Shadi Abdulhadi
An individual investor participating in the funding round, contributing to NowNow's growth objectives.
NeoVision Ventures
NeoVision Ventures is a venture capital firm operating within the private equity sector, known for its investments in growth-stage companies. Their involvement suggests a strategic interest in NowNow's market potential and scalability.
What's next for NowNow?
The recent major strategic investment signifies a pivotal moment for NowNow, indicating a strong market validation and providing the necessary capital for accelerated growth and expansion. This infusion of funding is expected to bolster NowNow's capabilities in scaling its operations, enhancing its technological infrastructure, and potentially broadening its service offerings to capture a larger share of the digital payment market in Nigeria and beyond. The company's focus on seamless, fee-free transactions for SMEs aligns with broader economic development goals, suggesting a strategic direction aimed at democratizing financial services.
See full NowNow company page
