Ghanaian startup, KudiGo has raised $US450,000 in seed funding from the Founders Factory Africa and angel investors from Ghana, U.S.A and Nigeria.
KudiGo is on a mission to bring financial inclusiveness to every micro-sme within the sub-saharan africa retail industry by offering them a solution that they can afford, is easily accessible and can capture data in a standardized format to ensure conformity with financial and business regulations.
However, the funding will enable the mobile-based retail payments and accounting provider expand its customer base and launch new products.
KudiGo is one of the five startups selected to be part of Founders’ six-month accelerator program and received $US40,000 from Founders Factory Africa alongside the other four startups. KudiGO founder, Kingsley Abrokwah, says the company will push towards its 5,000 businesses target mark for the year as well as roll out its credit referencing and micro-lending modules for targeted users.