KudiGo plans to expand its horizon into Nigeria. The Ghanaian startup was founded in November 2018 and has provided integrated mobile-based retail payments and analytics engine for the consumer retail industry in Ghana. KudiGo seeks to establish this same service to customers in Nigeria.
KudiGo already established a firm-base in Ghana with over 4000 stores with its orders ranging from 20000 which has grown its user-base substantially from 800 stores in March to over 4,000, with $2.4 million in transaction value.
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The Chief enabler at KudiGo, Kingsley Abrokwah says that KudiGo plans to expand its horizon into Nigeria in order to increase its customer base, and since Nigeria is a home of small business owners, it will consider this startup very useful.
According to him:
We are working with an FMCG company in East Africa to deploy our storefront solution to 10,000 merchants in Q1 2020. It’s a web and mobile-based distribution management system designed for consumer retail distributors, aimed at connecting them with their retailers and enabling value chain accessibility.” said Abrokwah.
KudiGO is currently in the process of closing a bridge pre-series A round worth $500,000 to finance this growth, which will reach a conclusion in the first three months of 2020.
By developing solutions that improve the way retail services are provided, the startup hopes to empower its fair share of 1.2 billion consumers of retail products on the continent.
KudiGO has in fact proven itself overtime having raised money from two major investment partners: Founders Factory Africa and Hawthorne Capital. This came after a funding round in April 2019 which closed at $450,000, since then KudiGo has planned to launch its products across Africa.