(Ecofin Agency) - 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