About NowNow
NowNow is a company based in Lagos (Nigeria) founded in 2015.. NowNow has raised $13 million across 1 funding round from investors including NeoVision Ventures, Shadi Abdulhadi and DLF Family Office. NowNow operates in a competitive market with competitors including Recharge.com, Bankly, Tingtel, Aimtoget and Powerlight, among others.
- Headquarter Lagos, Nigeria
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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
$13 M (USD)
in 1 rounds
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Latest Funding Round
$13 M (USD), Seed
Sep 07, 2022
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Investors
NeoVision Ventures
& 2 more
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Employee Count
Employee Count
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Funding Insights of NowNow
NowNow has successfully raised a total of $13M through 1 strategic funding round. The most recent funding activity was a Seed round of $13 million 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 Total Funding
- Total Rounds 1
- Last Round Seed — $13.0M
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First Round
First Round
(07 Sep 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - NowNow | Valuation | NeoVision Ventures |
| 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 NowNow
NowNow has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include NeoVision Ventures, Shadi Abdulhadi and DLF Family Office. 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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Founded Year | Domain | Location | |
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Single-family office and venture capital firm focused on startups
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Founded Year | Domain | Location | |
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SA
Shadi Abdulhadi |
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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 NowNow
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - NowNow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Nownow Comparisons
Competitors of NowNow
NowNow 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 Recharge.com, Bankly, Tingtel, Aimtoget and Powerlight, 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 |
Online utility bill payment platform for individuals
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| domain | founded_year | HQ Location |
Cash digitization solutions for payments
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| domain | founded_year | HQ Location |
App-based platform for airtime payments
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| domain | founded_year | HQ Location |
Offers a mobile app for seamless utility bill payments.
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| domain | founded_year | HQ Location |
An app-based platform for seamless electricity bill payments.
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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 Nownow
Frequently Asked Questions about NowNow
When was NowNow founded?
NowNow was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is NowNow located?
NowNow is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is NowNow a funded company?
NowNow is a funded company, having raised a total of $13M across 1 funding round to date. The company's 1st funding round was a Seed of $13M, raised on Sep 07, 2022.
What does NowNow do?
NowNow was founded in 2015 in Lagos, Nigeria, within the fintech sector. A mobile-based wallet is operated for businesses and individuals, enabling money transfers, airtime purchases, and bill payments through iOS and Android applications. Coupons, discounts, freebies, and cashback offers are extended to users upon transactions. The platform focuses on digital payment solutions in the Nigerian market.
Who are the top competitors of NowNow?
NowNow's top competitors include Recharge.com, Bankly and Tingtel.
Who are NowNow's investors?
NowNow has 3 investors. Key investors include NeoVision Ventures, Shadi Abdulhadi, and DLF Family Office.
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