About Awabah
Awabah is a Technology company based in Lagos (Nigeria) founded in 2020 by Oluwabukola Ajishebiyawo and Tunji Andrews. Online pension planning and savings management platform. Awabah has raised $320 thousand across 3 funding rounds from investors including Techstars, Black Founders Fund and Correlation Ventures. Its chief executive, as recorded, is Tunji Andrews. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its competitors include ARM Pensions, Reaprite and Stanbic IBTC Pension Managers; 1 of its 3 listed competitors has raised funding.
Company details
Awabah was founded in 2020 in Lagos, Nigeria, as an online platform in the financial services sector. Micro-pension schemes are provided to support entrepreneurs, drivers, traders, artisans, freelancers, and others without formal pension access. Target savings plans are enabled for personal financial goals. Operations focus on digital tools for retirement and goal-based saving in the informal economy.
- Headquarters Lagos, Nigeria
- Founders Oluwabukola Ajishebiyawo, Tunji Andrews
- SectorsTechnology
- Website awabahng.com
- Social LinkedIn X
- Total Equity Funding$320K (USD)
in 3 rounds
- Latest Funding Round$100K (USD), Grant
Sep 2022
- InvestorsTechstars
& 3 more
Funding Insights of Awabah
Awabah has successfully raised a total of $320K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $100 thousand completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $320,000
- Total Rounds 3
- Last Round Grant — $100,000
- First Round $200,000
(Jul 2021)
- Investors Count 4
All 3 funding rounds of Awabah with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $100,000 | Grant | – | – | |
| Aug 2021 | $120,000 | Seed | – | Techstars | – |
| Jul 2021 | $200,000 | Seed | – | Correlation Ventures, ODBA | – |
4 investors in total: 4 institutional.
Investors in Awabah
Awabah has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Techstars, Black Founders Fund and Correlation Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors | correlationvc.com | San Francisco, United States | ||
| odba.vc |
Investor details for Awabah
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People of Awabah
4 people are tracked at Awabah (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Oluwabukola Ajishebiyawo | Co-Founder & CTO | Leadership |
Tunji Andrews | Co-Founder & CEO | Leadership |
OLUWAYEMISI OBITAYO | Vice President | Leadership |
Michael O. | Activation Manager | Team |
Complete people profiles for Awabah
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Timeline of Awabah
3 dated milestones of Awabah across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Awabah is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Grant, of $100K.
Competitors of Awabah
Awabah has 3 listed competitors in our database, 1 of them funded. They include ARM Pensions, Reaprite and Stanbic IBTC Pension Managers.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| armpension.com | 2005 | Lagos, Nigeria | $50M | Pension management and retirement planning services are provided. | ||
| reaprite.com | 2020 | Lekki, Nigeria | Delivers financial planning and advisory services via a platform. | |||
| stanbicibtcpension.com | 2004 | Lagos, Nigeria | Functions as an online platform for retirement and pension management. |
Detailed competitors of Awabah
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Frequently Asked Questions about Awabah
Awabah was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Awabah is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Tunji Andrews is the CEO of Awabah, as recorded in our data. They have also founded this company.
Awabah is a funded company, having raised a total of $320K across 3 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Jul 2021.
Awabah was founded in 2020 in Lagos, Nigeria, as an online platform in the financial services sector. Micro-pension schemes are provided to support entrepreneurs, drivers, traders, artisans, freelancers, and others without formal pension access. Target savings plans are enabled for personal financial goals. Operations focus on digital tools for retirement and goal-based saving in the informal economy.
Awabah's top competitors include ARM Pensions, Reaprite and Stanbic IBTC Pension Managers.
Awabah has 4 investors. Key investors include Techstars, Black Founders Fund, Correlation Ventures, and ODBA.