Funding Tracker                 


Adumo

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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
YearAmountStageInvestors
2021$15mSeries BIFC
2022$11mVenture RoundApis Partners, Crossfin, IFC, Investec Private Capital
2024$85mM&ALesaka Technologies
2024$96mM&ALesaka 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





News
https://techpoint.africa/2024/10/03/lesaka-completes-adumos-acquisition/