About Blackcopper
Blackcopper is a Financial Services company based in Lekki (Nigeria) founded in 2020 by Azeez Oluwafemi and Muyiwa Faulkner. P2P platform for consumer and business loans is provided. Blackcopper has raised $850 thousand across 2 funding rounds from investors including Techstars and Expert DOJO. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified.
Company details
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.
- Headquarters Lekki, Nigeria
- Founders Azeez Oluwafemi, Muyiwa Faulkner
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website blackcopper.io
- Social LinkedIn X Facebook
- Total Equity Funding$850K (USD)
in 2 rounds
- Latest Funding Round$220K (USD), Seed
May 2024
- InvestorsTechstars
& 1 more
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 $850,000
- Total Rounds 2
- Last Round Seed — $220,000
- First Round $630,000
(Jul 2022)
- Investors Count 2
All 2 funding rounds of Blackcopper 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 |
|---|---|---|---|---|---|
| May 2024 | $220,000 | Seed | – | – | |
| Jul 2022 | $630,000 | Seed | – | Techstars | – |
2 investors in total: 2 institutional.
Investors in Blackcopper
Blackcopper has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Techstars and Expert DOJO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Influencer marketing, branding, and communication services are provided. | expertdojo.com | Santa Monica, United States |
Investor details for Blackcopper
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Blackcopper
8 people are tracked at Blackcopper (2 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Azeez Oluwafemi | Co-Founder | Leadership |
Muyiwa Faulkner | Co-Founder | Leadership |
Temitope Afolabi | Finance Team Lead | Team |
Chiwendu Lucy | Ui/ux Designer | Team |
Goodluck Nzeh | Recovery Officer/collections | Team |
Jonathan Kolawole | Data Scientist | Team |
Oluwatumilara Hassan | Business Specialist | Team |
Ore Adetunji | Lead Product Designer | Team |
Complete people profiles for Blackcopper
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Blackcopper
3 dated milestones of Blackcopper across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Blackcopper is founded.
- Funding First funding round of $630K.
- Funding Latest funding round, Seed, of $220K.
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Frequently Asked Questions about Blackcopper
Blackcopper was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Blackcopper is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
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 2022.
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.
Blackcopper has 2 investors. Key investors include Techstars, and Expert DOJO.