About Prospa
Prospa is a company based in Lagos (Nigeria) founded in 2019. It operates as a FinTech and Subscription Services. 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. Prospa operates in a competitive market with competitors including Brass, Crediometer, Solve.money, GladeFinance and EVVA Finanzas, 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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3.93 M (USD)
in 2 rounds
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Latest Funding Round
$3.8 M (USD), Seed
Sep 08, 2021
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Investors
Global Founders Capital
& 6 more
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Employee Count
Not available
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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.
People of Prospa
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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.
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.
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Venture capital firm focused on early-stage startups
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Venture capital fund focused on seed-stage investment in multiple sectors
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Early-stage startups are accelerated via funding and educational programs.
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Investor details for Prospa
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Investments & Acquisitions by Prospa
Investment portfolio details for Prospa
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Financial Statements - Prospa
Detailed financials for Prospa
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Prospa Comparisons
Peer comparison for Prospa
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Competitors of Prospa
Prospa 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 Brass, Crediometer, Solve.money, GladeFinance and EVVA Finanzas, among others.
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Brass is recognized for providing smart financial tools for businesses.
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Digital banking services are offered to startups and growing businesses.
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Digital banking services are offered to small businesses.
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Integrated financial solutions are provided for businesses in multiple currencies.
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Digital banking services are offered to startups and businesses.
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Detailed competitors of Prospa
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Latest news on Prospa
Complete news archive for Prospa
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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.
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.