TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure, today announced it has closed a $5.5 million Series A round led by Quantum Capital Partners.
The company builds white-labeled products to ease, secure and quicken digital financial transactions. It said it aims to create financial happiness for Africans through technology.
In a statement, the startup said the funding would enable it scale more aggressively into additional markets, whilst deploying investment into further product development, talent acquisition and expansion of its internal operations.
Elaine Delaney, Co-Founder of Quantum Capital Partners said: “We sought to partner with TeamApt to leverage the significant opportunities within the African financial services landscape to optimize financial inclusion across the continent.”
Tosin Eniolorunda, Founder and CEO of TeamApt says; “We are now several steps further to building a symbiotic and frictionless digital banking ecosystem connecting not only Nigeria but Africa and creating technology for financial happiness for Africans.”
TeamApt also announced plans to launch its first consumer-facing product, which is currently in beta. The product called Aptpay is a payment infrastructure product that will centralize all services currently used on banking mobile apps.
