About Duplo
Duplo is a company based in Lagos (Nigeria) founded in 2021 by Tunde Akinnuwa, Yele W Oyekola, and Emeka Okwuagwu. Duplo has raised $5.6 million across 2 funding rounds from investors including Tribe Capital, Soma Capital and Liquid 2 Ventures. Duplo offers products and services including Expense Management, Global Payments, Vendor Management, Approval Workflows, and Bulk Payments. Duplo operates in a competitive market with competitors including Gamut Infosystems Limited, Lightyear, Decision Engines, difacturo and EasyEBilling, among others.
- Headquarter Lagos, Nigeria
- Founders Tunde Akinnuwa, Yele W Oyekola, Emeka Okwuagwu
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Sectors
TechnologyRetail 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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- Legal Name Duplo Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$5.6 M (USD)
in 2 rounds
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Latest Funding Round
$4.3 M (USD), Seed
Aug 31, 2022
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Investors
Tribe Capital
& 10 more
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Employee Count
Not available
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Products & Services of Duplo
Duplo offers a comprehensive portfolio of products and services, including Expense Management, Global Payments, Vendor Management, Approval Workflows, and Bulk Payments.
Automates tracking and optimization of business expenditures.
Facilitates local and international payment collections.
Handles bill approvals and payments for suppliers.
Simplifies and accelerates business approval processes.
Enables payments to multiple recipients at once.
People of Duplo
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Funding Insights of Duplo
Duplo has successfully raised a total of $5.6M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.3 million completed in August 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.
Investors in Duplo
Duplo has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Tribe Capital, Soma Capital and Liquid 2 Ventures.
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Early-stage investments are provided by Soma Capital to startups.
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Venture capital fund focused on seed-stage investment in multiple sectors
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Investments are made in global seed and early-stage startups.
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Investor details for Duplo
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Investments & Acquisitions by Duplo
Investment portfolio details for Duplo
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Financial Statements - Duplo
Detailed financials for Duplo
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Duplo Comparisons
Peer comparison for Duplo
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Competitors of Duplo
Duplo 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 Gamut Infosystems Limited, Lightyear, Decision Engines, difacturo and EasyEBilling, among others.
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Accounting and ERP management solutions are provided for businesses.
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Cloud-based accounts payable management software is offered for businesses.
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An AI-based platform for end-to-end process automation is provided.
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Provides electronic invoicing software for efficient business operations.
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Provides billing software for accounting, inventory, invoicing, and customer management needs.
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Detailed competitors of Duplo
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Latest news on Duplo
Complete news archive for Duplo
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Frequently Asked Questions about Duplo
Duplo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Duplo is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Yele W Oyekola is the current CEO of Duplo. They have also founded this company.
Duplo is a funded company, having raised a total of $5.6M across 2 funding rounds to date.
Duplo was founded in 2021 in Lagos, Nigeria, within the fintech sector. API-based solutions are provided to financial institutions and banks, enabling digital banking services for end customers. Operations include digital wallets for income and expense management, receivables automation, and NFC-enabled closed-loop cards for payments. The company focuses on B2B payment infrastructure across African markets.
Duplo's top competitors include Gamut Infosystems Limited, Lightyear and Decision Engines.
Duplo offers Expense Management, Global Payments, Vendor Management, Approval Workflows, and Bulk Payments.
Duplo has 11 investors. Key investors include Tribe Capital, Soma Capital, Liquid 2 Ventures, Commerce Ventures, and Y Combinator.