About Herconomy
Herconomy is a company based in Lagos (Nigeria) founded in 2019.. Herconomy has raised $600 thousand across 1 funding round from investors including Oui Capital, Nkiru Achukwu Ayemere and Ehi Onwudiwe. Herconomy offers products and services including Float, Vault, Plans, and KiddoSave. Herconomy operates in a competitive market with competitors including Chief, HerKey, Mahila Money, Girlboss and The Stack World, among others.
- Headquarter Lagos, Nigeria
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Herconomy Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$600 K (USD)
in 1 rounds
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Latest Funding Round
$600 K (USD), Seed
Dec 01, 2021
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Investors
Oui Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Herconomy
Herconomy offers a comprehensive portfolio of products and services, including Float, Vault, Plans, and KiddoSave. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers high-interest savings with daily accrual and no fees.
Provides automatic savings options with high annual interest rates.
Enables goal-based saving with competitive interest yields.
Helps parents save for children's future with dedicated wallet features.
Funding Insights of Herconomy
Herconomy has successfully raised a total of $600K through 1 strategic funding round. The most recent funding activity was a Seed round of $600 thousand completed in December 2021. 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 1
- Last Round Seed — $600,000
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First Round
First Round
(01 Dec 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Herconomy | Valuation | Oui Capital , Nkiru Achukwu Ayemere |
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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 Herconomy
Herconomy has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Oui Capital, Nkiru Achukwu Ayemere and Ehi Onwudiwe. 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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Early-stage venture capital is provided to African tech startups.
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Founded Year | Domain | Location | |
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NA
Nkiru Achukwu Ayemere |
Angel investor focusing on early-stage startups in India and Africa.
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Founded Year | Domain | Location |
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EO
Ehi Onwudiwe |
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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 Herconomy
| 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 - Herconomy
| 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 |
Herconomy Comparisons
Competitors of Herconomy
Herconomy 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 Chief, HerKey, Mahila Money, Girlboss and The Stack World, 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 |
Professional women are connected via subscription-based networking platform for mentorship.
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| domain | founded_year | HQ Location |
Women are supported in career development via an engagement platform.
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| domain | founded_year | HQ Location |
Provider of an online platform offering diversified business loans for women
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| domain | founded_year | HQ Location |
Women-centric lifestyle topics are covered via social platform and content.
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| domain | founded_year | HQ Location |
Online platform for connecting women professionals
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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 Herconomy
Frequently Asked Questions about Herconomy
When was Herconomy founded?
Herconomy was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Herconomy located?
Herconomy is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Herconomy a funded company?
Herconomy is a funded company, having raised a total of $600K across 1 funding round to date. The company's 1st funding round was a Seed of $600K, raised on Dec 01, 2021.
What does Herconomy do?
Herconomy was founded in 2019 in Lagos, Nigeria, as an online social platform targeted at women professionals. Connections among African women are facilitated through the app, which provides access to professional opportunities. The platform operates in the social networking sector and is available on Android and iOS devices, supporting user interactions across the region.
Who are the top competitors of Herconomy?
Herconomy's top competitors include HerKey, Chief and Mahila Money.
What products or services does Herconomy offer?
Herconomy offers Float, Vault, Plans, and KiddoSave.
Who are Herconomy's investors?
Herconomy has 5 investors. Key investors include Oui Capital, Nkiru Achukwu Ayemere, Ehi Onwudiwe, Ope Makinwa, and Ama Akpata.
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