About Sparkle
Sparkle is a Financial Services company based in Lagos (Nigeria) founded in 2019. Digital banking services are offered to consumers and businesses. Sparkle has raised $3.1 million across 1 funding round from investors including Leadway Assurance and Trium. Its website sparkle.ng draws about 12 thousand monthly visits. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its competitors include Kuda, Carbon and FairMoney; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$3.1M (USD)
in 1 rounds
- Latest Funding Round$3.1M (USD), Seed
Oct 2021
- InvestorsLeadway Assurance
& 1 more
Apps and channels of Sparkle
Sparkle publishes 2 mobile apps with over 500K+ downloads; its YouTube channel Sparkle Nigeria has 719 subscribers and 30 videos.
Videos from Sparkle
The most watched videos on Sparkle's YouTube channel, Sparkle Nigeria (719 subscribers). Click a video to play it here.
More on Sparkle Nigeria.
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 $3.1M
- Total Rounds 1
- Last Round Seed — $3.1M
- First Round $3.1M
(Oct 2021)
- Investors Count 2
All 1 funding rounds of Sparkle 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 |
|---|---|---|---|---|---|
| Oct 2021 | $3.1M | Seed | – | Leadway Assurance, Trium | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Insurance services are provided by Leadway Assurance in Nigeria. | 1970 | leadway.com | Lagos, Nigeria | |
Trium Limited is engaged in building and investing in digital technology ventures in Africa. | trium.ng | Lagos, Nigeria |
Investor details for Sparkle
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.
Timeline of Sparkle
2 dated milestones of Sparkle across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Sparkle is founded.
- Funding First funding round of $3.1M.
Competitors of Sparkle
Sparkle has 3 listed competitors in our database, 3 of them funded. They include Kuda, Carbon and FairMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuda.com | 2017 | Lagos, Nigeria | $91.6M | Kuda is recognized as a digital banking app for Africans. | ||
| getcarbon.co | 2012 | Lagos, Nigeria | $10M | Digital banking services for individuals and businesses are offered. | ||
| fairmoney.io | 2017 | Ikeja, Nigeria | $54.47M | Digital microfinance banking services are offered to individuals. |
Detailed competitors of Sparkle
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Sparkle
The website of Sparkle (sparkle.ng) receives about 12.3K visits a month.
- Monthly visits12.3K
▲ 41.5% vs previous month
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Related news about Sparkle
Complete news archive for Sparkle
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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. The company's 1st funding round was a Seed of $3.1M, raised on Oct 2021.
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.
Yes. Sparkle publishes Sparkle - a Lifestyle Bank and 1 more app, with over 500,000 downloads.