About VESTI
VESTI is a company based in Lagos (Nigeria) founded in 2020 by Bimbo Amusan and Olusola Amusan. VESTI has raised $500 thousand across 1 funding round from investors including Microtraction, unknown and Midlothan Angel Network. VESTI operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
- Headquarter Lagos, Nigeria
- Founders Bimbo Amusan, Olusola Amusan
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Sectors
Professional & Legal ServicesFinancial Services
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Email
Locked
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Phone
Locked
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Website
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
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jan 28, 2022
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Investors
Microtraction
& 5 more
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Employee Count
Not available
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People of VESTI
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Funding Insights of VESTI
VESTI has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand 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.
Investors in VESTI
VESTI has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Microtraction, unknown and Midlothan Angel Network.
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Early-stage investments in African tech startups are provided by Microtraction.
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Investor details for VESTI
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by VESTI
Investment portfolio details for VESTI
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Financial Statements - VESTI
Detailed financials for VESTI
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Vesti Comparisons
Peer comparison for VESTI
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of VESTI
VESTI 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 MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Cross-border remittances are enabled for individuals through a mobile wallet.
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Banking channel for cross border money transfers
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Cross-border money transfers are enabled via an app-based wallet.
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Cross-border money transfers are enabled via digital wallet.
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Cross-border money transfers are enabled by an app-based digital wallet.
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Detailed competitors of VESTI
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Latest news on Vesti
Complete news archive for VESTI
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Frequently Asked Questions about VESTI
VESTI was founded in 2020 and raised its 1st funding round 2 years after it was founded.
VESTI is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Olusola Amusan is the current CEO of VESTI. They have also founded this company.
VESTI is a funded company, having raised a total of $500K across 1 funding round to date.
VESTI was founded in 2020 in Lagos, Nigeria, as an internet-first platform in the fintech sector focused on remittances. Cross-border money transfers are enabled for users through peer-to-peer solutions, with real-time encryption applied for security. Artificial intelligence and blockchain technologies are utilized to enhance transaction protection. Flight booking options are also provided, including price match guarantees, to support consumer needs in international payments and travel.
VESTI's top competitors include Chipper Cash, Taptap Send and WorldRemit.
VESTI has 6 investors. Key investors include Microtraction, unknown, Midlothan Angel Network, Oxygen Investment Group, and Prunedge.