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VENCO, a technology company that provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in an oversubscribed pre-seed funding round to scale its…

VENCO, a Nigerian digital solutions firm that manages collections, service charge admin, utilities, visitor access has secured $670,000

Venco, a Nigerian proptech startup, has raised $670,000 in an oversubscribed pre-seed funding round to scale its service and build its embedded finance solution.

VENCO, a technology company that provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in an oversubscribed pre-seed funding round to scale its all-in-one technology platform that manages collections, service charge administration, utilities vending, visitor access and other services associated with multi-unit property developments across Africa. The pre-seed

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in the country also increased tremendously, hitting more than 500 billion as of May 2021. In Nigeria, POS terminals are used to process card payments at retail locations as […]

The new funding, the startup said, will enable it to expand its payment infrastructure, accelerate growth and grow its team.