About Sparkle
Sparkle is a company based in Lagos (Nigeria) founded in 2019. Sparkle has raised $3.1 million across 1 funding round from investors including Leadway Assurance and Trium. Sparkle operates in a competitive market with competitors including Kuda, Carbon, FairMoney, Aku and Kredi Bank, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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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
$3.1 M (USD)
in 1 rounds
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Latest Funding Round
$3.1 M (USD), Seed
Oct 15, 2021
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Investors
Leadway Assurance
& 1 more
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Employee Count
Not available
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Funding Insights of Sparkle
Sparkle has successfully raised a total of $3.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.1 million completed in October 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 Sparkle
Sparkle has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Leadway Assurance and Trium.
| Investor | Description | Founded Year | Domain | Location |
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Insurance services are provided by Leadway Assurance in Nigeria.
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Locked | Locked | Locked | |
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Trium Limited is engaged in building and investing in digital technology ventures in Africa.
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Investor details for Sparkle
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Investments & Acquisitions by Sparkle
Investment portfolio details for Sparkle
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Financial Statements - Sparkle
Detailed financials for Sparkle
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Sparkle Comparisons
Peer comparison for Sparkle
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Sparkle
Sparkle 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 Kuda, Carbon, FairMoney, Aku and Kredi Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Kuda is recognized as a digital banking app for Africans.
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| Locked | Locked | Locked |
Digital banking services for individuals and businesses are offered.
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Digital microfinance banking services are offered to individuals.
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| Locked | Locked | Locked |
Aku is recognized as a FinTech company offering payment solutions.
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| Locked | Locked | Locked |
Digital financial services are offered to individuals and businesses.
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Detailed competitors of Sparkle
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Latest news on Sparkle
Complete news archive for Sparkle
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Frequently Asked Questions about Sparkle
Sparkle was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Sparkle is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Sparkle is a funded company, having raised a total of $3.1M across 1 funding round to date.
Sparkle was founded in 2019 in Lagos, Nigeria, as a digital bank operating in the fintech sector. Accounts for savings and current use are provided, along with money transfers, bill payments, and bill splitting. Prepaid cards are issued for individuals and businesses, while inventory management and personal finance tools are included among its offerings. Operations focus on consumer and business needs within the Nigerian market.
Sparkle has 2 investors. Key investors include Leadway Assurance, and Trium.