AjoCard
Technical solutions reducing friction in financial transactions for underserved and banked consumers using software and mobile POS.
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 23 % | 25 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
AjoCard is a financial technology company focused on making it easier for consumers to operate digitally, particularly those who are underserved by traditional financial services. The company has developed a range of technical solutions designed to reduce the friction in everyday financial transactions. These solutions include software and mobile Point of Sale (POS) systems, as well as an expanding network of agency platforms.
AjoCard serves a diverse clientele, including everyday consumers who are removed from financial services and banked consumers who lack access to their financial transaction platforms due to location constraints. The company operates primarily in the Nigerian market, aiming to bridge the gap between traditional banking and the needs of the underserved population.
The business model of AjoCard revolves around providing these technical solutions to both consumers and agents, enabling seamless financial transactions. The company generates revenue through transaction fees, service charges, and possibly through partnerships with financial institutions and other stakeholders in the financial ecosystem.
Keywords: financial technology, underserved consumers, digital transactions, mobile POS, agency platforms, Nigeria, savings improvement, friction reduction, financial inclusion, technical solutions.