About Riby
Riby is a company based in Lagos (Nigeria) founded in 2016 by Boye Oshinaga and Abolore Salami. It operates as a SaaS (Software-as-a-Service). Riby offers products and services including Riby Cobanking.
- Headquarter Lagos, Nigeria
- Founders Boye Oshinaga, Abolore Salami
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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
*********
- Legal Name Riby Cobanking
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Microtraction
& 1 more
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Employee Count
Employee Count
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Products & Services of Riby
Riby offers a comprehensive portfolio of products and services, including Riby Cobanking. 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.
Software for managing cooperatives and financial activities.
Funding Insights of Riby
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Seed - Riby | Valuation | Microtraction |
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| Jun, 2017 | Amount | Seed - Riby | Valuation | EchoVC Partners |
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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 Riby
Riby has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Microtraction and EchoVC Partners. 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 investments in African tech startups are provided by Microtraction.
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Founded Year | Domain | Location | |
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Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America
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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 Riby
| 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 - Riby
| 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 |
Riby Comparisons
Competitors of Riby
| 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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Frequently Asked Questions about Riby
When was Riby founded?
Riby was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Riby located?
Riby is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Riby do?
Riby is established as a leading cooperative software solution in Nigeria. The platform is designed to support cooperatives by enabling member growth, thrift collection activities, and management of loan disbursement and repayment. It operates within the financial technology sector, providing digital tools to streamline cooperative operations.
What products or services does Riby offer?
Riby offers Riby Cobanking.
Who are Riby's investors?
Riby has 2 investors. Key investors include Microtraction, and EchoVC Partners.