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
***********
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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
$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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.1M
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First Round
First Round
(15 Oct 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Sparkle | Valuation | Leadway Assurance , Trium |
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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 Sparkle
Sparkle has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Leadway Assurance and Trium. 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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Insurance services are provided by Leadway Assurance in Nigeria.
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Founded Year | Domain | Location | |
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Trium Limited is engaged in building and investing in digital technology ventures in Africa.
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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 Sparkle
| 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.
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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.
|
2016 |
Financial Statements - Sparkle
| 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 |
Sparkle Comparisons
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. 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 |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Digital banking services for individuals and businesses are offered.
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| domain | founded_year | HQ Location |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Aku is recognized as a FinTech company offering payment solutions.
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| domain | founded_year | HQ Location |
Digital financial services are offered to individuals and businesses.
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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 Sparkle
Frequently Asked Questions about Sparkle
When was Sparkle founded?
Sparkle was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Sparkle located?
Sparkle is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Sparkle a funded company?
Sparkle is a funded company, having raised a total of $3.1M across 1 funding round to date. The company's 1st funding round was a Seed of $3.1M, raised on Oct 15, 2021.
What does Sparkle do?
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.
Who are the top competitors of Sparkle?
Who are Sparkle's investors?
Sparkle has 2 investors. Key investors include Leadway Assurance, and Trium.
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