Pivo
The financial services platform powering supply chains across Africa (Defunct)
What it does
Pivo was founded in 2021 by Nkiru Amadi-Emina and Ijeoma Akwiwu to provide digital business banking and supply-chain financing for logistics and freight operators. The platform offers specialized business accounts, working capital loans, and clearing capital tailored to supply chain SMEs. Y Combinator-backed Pivo stands out as a vertical neo-bank for African trade.
SME-focused digital banksDigital wallets / e-walletsInvoice financing / factoring
Known for
- Y Combinator-backed vertical digital bank
- Logistics and supply-chain working capital loans
- Female-founded African tech startup
- Dedicated freight operator business accounts
Model & industry
SaaSEmbedded FinanceLogistics & Mobility
Funding history
$2.0M
Total raised
2
Rounds
Undisclosed
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-11 | Seed | $2.0M | Percursor Ventures |
| 2022-01 | Undisclosed | — | Microtraction |
Source: Condia Funding Tracker
Products & subsidiaries
Pivo Capital · Working Capital CreditPivo Business · Supply Chain SME Bank