About SumoTrust
SumoTrust is a company based in Abuja (Nigeria) founded in 2018 by Ossi Samuel. It operates as a B2C, and D2C. SumoTrust offers products and services including Main Savings, Fixed Savings, Missions Savings, and Kick Account. SumoTrust operates in a competitive market with competitors including PiggyVest, CowryWise, HerVest, Crowdyvest and KoloMoni, among others.
- Headquarter Abuja, Nigeria
- Founders Ossi Samuel
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Sectors
TechnologyFinancial 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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- Legal Name Sumo Tech Global Limited
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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
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Employee Count
Employee Count
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Products & Services of SumoTrust
SumoTrust offers a comprehensive portfolio of products and services, including Main Savings, Fixed Savings, Missions Savings, and Kick Account. 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.
Automated savings with daily, weekly, or monthly options and 10% interest
Secure long-term deposits up to 365 days earning up to 15% interest
Targeted savings for specific projects with set amounts and timelines
Holds interest, commissions, and bonuses without additional interest
Funding Insights of SumoTrust
| 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 |
Investments & Acquisitions by SumoTrust
| 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 - SumoTrust
| 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 |
Sumotrust Comparisons
Competitors of SumoTrust
SumoTrust 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 PiggyVest, CowryWise, HerVest, Crowdyvest and KoloMoni, 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 |
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| domain | founded_year | HQ Location |
Savings and investment goals are managed via an online platform.
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| domain | founded_year | HQ Location |
Online & app-based savings platform for individuals
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| domain | founded_year | HQ Location |
A savings and investment management platform for women is provided.
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| domain | founded_year | HQ Location |
Individuals are enabled to save via an app-based platform.
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| domain | founded_year | HQ Location |
Microfinance bank providing loans, savings accounts, and digital banking solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 SumoTrust
When was SumoTrust founded?
SumoTrust was founded in 2018.
Where is SumoTrust located?
SumoTrust is headquartered in Abuja, Nigeria. It is registered at Abuja, Federal Capital Territory, Nigeria.
What does SumoTrust do?
SumoTrust operates as a fintech platform in Nigeria, offering digital savings and investment accounts with high interest rates up to 15 annually. It uses blockchain security and SSL encryption to protect user data, providing options like automated savings, fixed deposits, and goal-based accounts. Based in Abuja, it partners with entities like AWE MFB and focuses on financial education, helping users build wealth through secure, fee-free services for individual consumers.
Who are the top competitors of SumoTrust?
What products or services does SumoTrust offer?
SumoTrust offers Main Savings, Fixed Savings, Missions Savings, and Kick Account.