Microtraction

Check out our demo on navigating and analyzing balances using Blnk Cloud! In just a few minutes, learn how to explore the Balances page, apply filters, and dive into key details like currency, health, and transaction history. Discover how to visualize balance flows, detect anomalies, and leverage audit logs to investigate activities within your organization. A powerful tool for understanding your product's financial interactions! Sign up on Blnk to get started: https://lnkd.in/dFb_ARFm

Great to see coverage by Forbes Africa of one of our high-flyers, FoodCourt (YC S22) led by Henry Nneji! Check out the article and download the FoodCourt app here - https://lnkd.in/dGFR55EZ!

Congratulations to FoodCourt (YC S22) on these amazing milestones! Despite the economic headwinds and infrastructural challenges, FoodCourt (YC S22) has redefined possibilities in the food-tech vertical in Nigeria. Showing incredible resilience and exceptional operational efficiency while offering an array of culinary experiences to its customers — delicious meals and tasteful dishes. We are excited to be part of this amazing journey and happy to support Henry Nneji and the FoodCourt team in their ascending trajectory.

LemFi has raised $53 million in Series B funding, furthering its mission to help diasporans send money home efficiently and affordably. The platform serves over one million users across Europe and North America, enabling money transfers to emerging markets in Africa, Asia, and Latin America. Operating in 47 countries, LemFi has retained ~70% of its early customers and sees more than half of its customer base actively engaging with the platform every year. LemFi recently reached $1 billion in monthly transaction volume, reflecting its growing reach and the trust it has built within its community. Since backing the LemFi team at the start of their journey, Microtraction has strongly believed in their vision to provide comprehensive financial solutions for immigrants and their ability to execute. This milestone is just the beginning, and we look forward to celebrating many more successes with the team. Congratulations to Ridwan Olalere, Rian Cochran and the LemFi team on this remarkable achievement in their Series B funding! https://lnkd.in/g3KBGNpm

Merry Christmas and happy holidays from the entire Microtraction family! 🎄 As we celebrate today, we're grateful for the incredible journey we've shared this year. Thank you for being part of our story. We wish you joy this season and exciting times ahead. Cheers to a fantastic year together and shared wins in the coming year! 🥂 #merrychristmas #happyholidays #microtraction

Hosted a few weeks ago, this year’s Founders Retreat at Almat Farms was a well-deserved break. Our founders had a chance to recharge, reflect, and reconnect while surrounded by nature’s beauty. We kicked off the Retreat with an engaging knowledge-sharing session (AMA). The panel was arrayed with operators with robust experience across different verticals - from fintech to logistics: Babajide Duroshola (General Manager, M-KOPA), Cikü Mugambi (ex-CEO, Kobo360), Razaq Ahmed, CFA (CEO/ Co-founder, Cowrywise), and Emmanuel Gbolade (CEO, Termii Group). They generously traded stories of the exciting and challenging aspects of running tech startups in Africa. This session resonated with everyone — panellists and audience, altogether. We spent the mornings on a nature walk throughout the Almat property to bask in the beauty of the eye-catching landscape and awesome scenery. In light of the headwinds impacting businesses in Nigeria, in our "Building Capital and Operational Efficiency in Your Startup" session, Babajide Duroshola presented a comprehensive approach to operating a capital and operational efficient startup and hiring exceptional talents as well as offering insightful mental models for attaining ambitious company targets. Cikü Mugambi and Olaide Olusoji-Oke (Diligence Africa) delivered profound insights into the underlying workings required to establish strong corporate governance structures from the start and the components that make for a standard Board of Directors for a thriving tech startup in the "Building Strong Governance Structures from the Start: Establishing Advisory Boards and Proper Boards of Directors" session. Razaq Ahmed, CFA and Babajide Duroshola took our founders through the dymanic relationship between growth and profitability where, together, we examined strategies for balancing these crucial aspects in both B2B2C and B2B models in the "Growth vs. Profitability: Timing and Strategies for Achieving Ambitious KPIs in Different Business Models" session. Aside the amazing insights shared and the anecdotes, Microtraction founders had ample time to bond, a "Secret Santa" gift exchange and write thoughtful letters of appreciation and admiration to their fellow operators in our portfolio. A BIG thank you to our sponsors Termii Group, Cowrywise, BudPay, Wakanow for your unwavering support. It was an exciting experience. Thank you to all our founders who made it a point to attend as well and we look forward to hosting you again next year!

Happy International Women's Day 2024! To mark IWD 2024, we are celebrating Microtraction female founders and operators (listed alphabetically) who constantly break the bias every day and continually inspire inclusion in the African tech ecosystem in different sectors and via different roles. #inspireinclusion #iwd2024 https://lnkd.in/du6m55bc