Nigeria : Thank U Cash secures funds from Microtraction
Friday, 24 August 2018 14:03
The venture capital Microtraction has realized its fifth investment since launching in 2017. This investment was addressed to the Nigerian Start-up Thank U Cash.
Indeed, the online purchase solution which rewards its users obtained a funding whose value has not been disclosed.
Microtraction’s management justifies this investment with the start-up’s growth potential. "In the future we see Thank U Cash evolving as a platform or extending its APIs and collaborating with other developers and companies. As a result of data from its omni-channel transactions we see potential for value-added-services to be built on Thank U Cash", Yele Bademosi (photo), Microtraction’s founder, explained.
Let’s remind that in August 2018, the venture capital invested in three start-ups in Nigeria. These are Wallet.ng which facilitates financial transactions via mobile, Allpro which grants credits online and Thank U Cash.
Chamberline Moko
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