Motito
A buy now, pay later platform which provides interest-free credit at point-of-sale.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | $100k | Early VC |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Motito, founded in 2021, is a dynamic financial technology company focused on providing flexible asset financing solutions in Africa. The company primarily serves small and medium-sized enterprises (SMEs) and individual consumers who lack access to traditional financial services. Operating in the fintech sector, Motito offers a 'Buy Now, Pay Later' (BNPL) service that allows customers to purchase goods and pay for them over time with flexible payment plans. The service includes a 30-day interest-free period and a 5.6% monthly service charge thereafter, with no hidden fees. Motito partners with various retail stores to offer these financing options, thereby increasing sales conversion rates by up to 47%. The business model revolves around earning revenue from the monthly service charges applied after the initial interest-free period. By bridging the financial gap for underserved markets, Motito aims to redefine asset financing in Africa.
Keywords: asset financing, flexible payments, fintech, SMEs, BNPL, interest-free, retail partners, sales conversion, financial inclusion, Africa.