About Prospa
Prospa is a Financial Services company based in Lagos (Nigeria) founded in 2019. Digital banking services for individuals are offered by Prospa. It operates on a FinTech and Subscription Services model. Prospa has raised $3.93 million across 2 funding rounds from investors including Global Founders Capital, Liquid 2 Ventures and Immad Akhund. Prospa offers products and services including Business Account, Business Loans, Expense Cards, and Spend Management. Its focus areas include Banking and Digital Banking. Its competitors include Brass, Crediometer and Solve.money; 2 of its 3 listed competitors have raised funding.
Company details
Prospa is established as a global fintech company focused on delivering banking and financial services to businesses in Nigeria. Services are offered in sectors such as digital banking, business loans, and expense management. Solutions are provided for current accounts, credit access starting from 10 million, and spend management tools. Support is extended through relationship-driven assistance, ensuring tailored financial backing for high-performing African businesses. Operations are licensed by the Central Bank of Nigeria, with deposits insured by the NDIC for security and trust.
- Headquarters Lagos, Nigeria
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website getprospa.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$3.93M (USD)
in 2 rounds
- Latest Funding Round$3.8M (USD), Seed
Sep 2021
- InvestorsGlobal Founders Capital
& 6 more
Products & Services of Prospa
Prospa offers a comprehensive portfolio of products and services, including Business Account, Business Loans, Expense Cards, and Spend Management.
Business accounts are provided for secure financial management.
Loans are offered to support business growth initiatives.
Expense cards are issued for controlled team spending.
Spend management tools are provided for business control.
Apps and channels of Prospa
Prospa publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Prospa
Prospa has successfully raised a total of $3.93M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.8 million completed in September 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 $3.93M
- Total Rounds 2
- Last Round Seed — $3.8M
- First Round $125,000
(Mar 2021)
- Investors Count 7
All 2 funding rounds of Prospa 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 |
|---|---|---|---|---|---|
| Sep 2021 | $3.8M | Seed | – | Global Founders Capital, Liquid 2 Ventures | |
| Mar 2021 | $125,000 | Seed | – | Y Combinator | – |
7 investors in total: 3 institutional and 4 angel.
Investors in Prospa
Prospa has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Global Founders Capital, Liquid 2 Ventures and Immad Akhund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital fund focused on seed-stage investment in multiple sectors | liquid2.vc | San Francisco, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
IA Immad Akhund | unknown_0097efb501f848cfb | |||
KA Karim Atiyeh | Co-founder of Ramp, active angel investor in Indian startups | unknown_9d366c472afc4d5ea | ||
AN Ankur Nagpal | Founder of Teachable, angel investor, focused on edtech and SaaS startups. | unknown_d52d6da720434a4c9 | ||
TG Todd Goldberg | Angel investor, entrepreneur, co-founder of Eventjoy, active in Indian startup ecosystem | unknown_6058acb1bc7744dca |
Investor details for Prospa
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Prospa
8 people are tracked at Prospa (3 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Karen Akoto | Global Head Of People | Leadership |
Chioma Ugo | Head Of Growth & Co-founder | Leadership |
Omotayo Asani | Head Of Business | Leadership |
Vacant | Blueprint Team Lead | Team |
Adedamola Elijah | Senior Mobile Developer | Team |
Fehintoluwa Dele-Ojo | Team Lead Member Satisfaction | Team |
Prisca Chukwukere | Analyst | Team |
Enifome Alakpodia | HR Manager | Team |
Complete people profiles for Prospa
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 Prospa
3 dated milestones of Prospa across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Prospa is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Seed, of $3.8M.
Competitors of Prospa
Prospa has 3 listed competitors in our database, 2 of them funded. They include Brass, Crediometer and Solve.money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trybrass.com | 2019 | Lagos, Nigeria | $1.7M | Brass is recognized for providing smart financial tools for businesses. | ||
| crediometer.com | 2020 | Akure, Nigeria | $20,000 | Digital banking services are offered to startups and growing businesses. | ||
| solve.money | 2019 | Lagos, Nigeria | Digital banking services are offered to small businesses. |
Detailed competitors of Prospa
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Prospa
The website of Prospa (getprospa.com) receives about 9.4K visits a month.
- Monthly visits9.4K
Websites whose visitors overlap most with Prospa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| prospa.com | 100% | 63.6K | #402,631 | View details |
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Related news about Prospa
Complete news archive for Prospa
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- Brand-specific news history
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Frequently Asked Questions about Prospa
Prospa was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Prospa is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Prospa is a funded company, having raised a total of $3.93M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 2021.
Prospa is established as a global fintech company focused on delivering banking and financial services to businesses in Nigeria. Services are offered in sectors such as digital banking, business loans, and expense management. Solutions are provided for current accounts, credit access starting from 10 million, and spend management tools. Support is extended through relationship-driven assistance, ensuring tailored financial backing for high-performing African businesses. Operations are licensed by the Central Bank of Nigeria, with deposits insured by the NDIC for security and trust.
Prospa's top competitors include Brass, Solve.money and Crediometer.
Prospa offers Business Account, Business Loans, Expense Cards, and Spend Management.
Prospa has 7 investors. Key investors include Global Founders Capital, Liquid 2 Ventures, Immad Akhund, Karim Atiyeh, and Ankur Nagpal.
Yes. Prospa publishes Prospa - Business Account and 1 more app, with over 100,000 downloads.