About Blackcopper
Blackcopper is a company based in Lekki (Nigeria) founded in 2020 by Azeez Oluwafemi and Muyiwa Faulkner.. Blackcopper has raised $850 thousand across 2 funding rounds from investors including Techstars and Expert DOJO. Blackcopper operates in a competitive market with competitors including KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, among others.
- Headquarter Lekki, Nigeria
- Founders Azeez Oluwafemi, Muyiwa Faulkner
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$850 K (USD)
in 2 rounds
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Latest Funding Round
$220 K (USD), Seed
May 22, 2024
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Investors
Techstars
& 1 more
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Employee Count
Employee Count
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Funding Insights of Blackcopper
Blackcopper has successfully raised a total of $850K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $220 thousand completed in May 2024. 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 Total Funding
- Total Rounds 2
- Last Round Seed — $220,000
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First Round
First Round
(06 Jul 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Blackcopper | Valuation |
investors |
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| Jul, 2022 | Amount | Seed - Blackcopper | Valuation | Techstars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blackcopper
Blackcopper has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Techstars and Expert DOJO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Influencer marketing, branding, and communication services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blackcopper
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Blackcopper
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blackcopper Comparisons
Competitors of Blackcopper
Blackcopper operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KoinWorks, Mintos, Assetz Capital, Bondora and CreditEase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of a P2P lending platform
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Developer of online P2P marketplace for commercial real estate and business loans
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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| domain | founded_year | HQ Location |
P2P marketplace for consumer and business loans is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blackcopper
Frequently Asked Questions about Blackcopper
When was Blackcopper founded?
Blackcopper was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Blackcopper located?
Blackcopper is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
Is Blackcopper a funded company?
Blackcopper is a funded company, having raised a total of $850K across 2 funding rounds to date. The company's 1st funding round was a Seed of $630K, raised on Jul 06, 2022.
What does Blackcopper do?
Blackcopper was established in 2020 in Lekki, Nigeria, as a peer-to-peer marketplace in the fintech sector. Loans for personal and business needs are facilitated through a digital platform accessible on Android and iOS devices. Customized terms, loan amounts, and repayment schedules are offered to match lender and borrower preferences. Operations focus on connecting individuals and businesses for direct lending and borrowing activities.
Who are the top competitors of Blackcopper?
Blackcopper's top competitors include Bondora, Lufax and CreditEase.
Who are Blackcopper's investors?
Blackcopper has 2 investors. Key investors include Techstars, and Expert DOJO.