About Thank U Cash
Thank U Cash is a company based in Lagos (Nigeria) founded in 2018 by Simeon Ononobi, Harshal Gandole, Madonna Ononobi, and Suraj Supekar. It operates as a B2C. Thank U Cash has raised $6 million across 6 funding rounds from investors including Microtraction, Global Accelerex and Betatron Venture Group. Thank U Cash operates in a competitive market with competitors including Paytm, MoneyGram, OPay, Xend Finance and CarePay, among others.
- Headquarter Lagos, Nigeria
- Founders Simeon Ononobi, Harshal Gandole, Madonna Ononobi, Suraj Supekar
- SectorsFinancial Services
- Website thankucash.com
- Social X Facebook
- Total Equity Funding$6M (USD)
in 6 rounds
- Latest Funding Round$5.3M (USD), Seed
Jan 2022
- InvestorsMicrotraction
& 12 more
Funding Insights of Thank U Cash
Thank U Cash has successfully raised a total of $6M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $5.3 million completed in January 2022. 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 $6M
- Total Rounds 6
- Last Round Seed — $5.3M
- First Round $650,000
(Aug 2018)
- Investors Count 13
All 6 funding rounds of Thank U Cash 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 |
|---|---|---|---|---|---|
| Jan 2022 | $5.3M | Seed | – | Betatron Venture Group, 500 Global | |
| Aug 2020 | – | Seed | – | Brandon Drew | – |
| Jun 2020 | $50,000 | Seed | – | – | |
| Oct 2018 | – | Seed | – | Ventures Platform | – |
| Aug 2018 | – | Seed | – | Launchpad Accelerator | – |
| Aug 2018 | $650,000 | Seed | – | Microtraction | – |
13 investors in total: 10 institutional and 3 angel.
Investors in Thank U Cash
Thank U Cash has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Microtraction, Global Accelerex and Betatron Venture Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic startup acceleration is provided by Betatron Venture Group. | – | betatron.co | Hong Kong, China | |
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam | |
Early-stage startups are funded by this venture capital entity. | – | predictivevc.com | - | |
- | – | unicorngrowthcap.com | - | |
Influencer marketing, branding, and communication services are provided. | – | expertdojo.com | Santa Monica, United States | |
Investment in capital-efficient B2B SaaS companies is facilitated. | – | saasgrowthventures.com | San Francisco, United States | |
Venture capital investments in African companies addressing innovation and infrastructure needs. | – | venturesplatform.com | - | |
Early-stage investments in African tech startups are provided by Microtraction. | 2017 | microtraction.com | Lagos, Nigeria | |
AI and machine learning startups are accelerated through global programs. | – | developers.google.com/programs/launchpad/accelerators | Mountain View, United States | |
POS hardware and software services are deployed for businesses. | 2008 | globalaccelerex.com | Ikeja, Nigeria |
Investor details for Thank U Cash
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Thank U Cash
4 people are tracked at Thank U Cash (4 in leadership).
| Name | Role | Group |
|---|---|---|
Simeon Ononobi | Co-Founder, CEO | Leadership |
Harshal Gandole | Co-Founder | Leadership |
Madonna Ononobi | Co-Founder, CMO | Leadership |
Suraj Supekar | Co-Founder, CTO | Leadership |
Complete people profiles for Thank U Cash
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Thank U Cash
3 dated milestones of Thank U Cash across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Thank U Cash is founded.
- Funding First funding round of $650K.
- Funding Latest funding round, Seed, of $5.3M.
Competitors of Thank U Cash
Thank U Cash 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 Paytm, MoneyGram, OPay, Xend Finance and CarePay, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paytm.com | 2000 | Noida, India | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| opayweb.com | 2018 | Lagos, Nigeria | $570M | – | Wallet-enabled payments are facilitated for consumers and businesses. | |
| xend.finance | 2019 | Lagos, Nigeria | $2M | – | DeFi savings are enabled for credit unions and cooperatives. | |
| carepay.com | 2015 | Amsterdam, Netherlands | $61.81M | – | Provider of a health insurance platform for global insurers | |
| remita.net | 2006 | Lagos, Nigeria | – | – | An app-based digital wallet providing payment solutions for individuals and businesses. | |
| saasquatch.com | 2013 | Victoria, Canada | – | – | Loyalty, referral, and rewards programs are managed via SaaSquatch software. | |
| heyfood.africa | 2021 | Ibadan, Nigeria | $125,000 | – | Online platform offering food ordering and delivery services | |
| iflux.app | 2019 | Lagos, Nigeria | $125,000 | – | Consumer payments are enabled via a digital wallet platform. |
Detailed competitors of Thank U Cash
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Thank U Cash
Complete news archive for Thank U Cash
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Similar companies to Thank U Cash
10 companies that operate in the same segment as Thank U Cash (Travel Fintech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore | USD 721.47 M | USD 22.94 B | 80,700 | |
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | – | USD 8.79 | 74 | |
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | – | 177 | |
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India | – | – | – | |
Venture capital funding and support for pre-seed and seed-stage startups in India. | 2019 | Mumbai, Maharashtra, India | – | – | – | |
EPSILON NET is engaged in providing business software solutions. | 1999 | Kallithea, Attica, Greece | – | – | – | |
Offers payment gateways, links, and services for online transactions and business payments. | 2009 | Noida, Uttar Pradesh, India | – | – | – | |
Mobile app for phone payments at merchants without wallets or internet. | 2014 | Bengaluru, Karnataka, India | – | USD 103.98 K | 10 | |
Investment in Indian startups across technology and fintech sectors. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Fintech platform offering AEPS, Micro ATM, recharge, and money transfer services. | 2021 | Delhi, Delhi, India | – | USD 4.61 M | 292 |
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Frequently Asked Questions about Thank U Cash
Thank U Cash was founded in 2018.
Thank U Cash is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Simeon Ononobi is the current CEO of Thank U Cash. They have also founded this company.
Thank U Cash is a funded company, having raised a total of $6M across 6 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Aug 2018.
Thank U Cash reward-based digital wallet for secure consumer payments, focusing on finance, innovating financial technology, digital payments, and reward wallets. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Thank U Cash has 13 investors. Key investors include Microtraction, Global Accelerex, Betatron Venture Group, 500 Global, and Predictive Venture Partners.