Nigerian fintech startup Accrue, which is working on revolutionising cross-border payments in Africa, has secured US$1.58 million in seed funding to expand its product offering and grow its team.
Founded in 2021 by ex-Helicarrier employees Zino Asamaige, Adesuwa Omoruyi, and Clinton Mbah, Accrue originally launched as a platform for simplifying crypto investments. It uses an agent network model, inspired by platforms like M-Pesa and Moniepoint, to facilitate faster and more reliable money transfers.
Accrue has over 200,000 users across eight African countries, including Nigeria, Ghana, Kenya, and South Africa. Its US$1.58 million funding round was led by Lattice Fund, and also featured Kraynos Capital, Distributed Capital, Lava, and Maven 11.
The investment will be used to expand Accrue’s payment infrastructure, strengthen its team, and enhance its product offerings to address critical financial needs across the continent.
