Norebase Raise $1 Million in Seed Funding

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African technology company Norebase has raised a whopping $1 million in seed funding

The financing was led by Samurai Incubate and Consonance Investment. Other participants are: Sahil Lavingia, Kinfolk VC, Future Africa, Ventures Platform, etcetera were a part of the funding round.

Norebase, founded by Adetola Onayemi and Tope Obanla in September 2021, allows founders and businesses to launch and scale across numerous African countries simultaneously or on a regular basis.

READ: Fintech Company Wave Gets E-money License

What Does This Mean? 

Norebsase is equipping you with the digital infrastructure you need to register, launch, and increase your sales in any African country.

The goal is to create a digital capability that enables anyone to enter their own or even another marketplace without too much difficulty,” Onayemi once told Techpoint Africa.

How Would Funds Be Used?

Furthermore, Norebase boasts to have grown transaction volumes by 100% over the last 6 months in terms of traction. During the same period, revenue increased by 40% month after month.

The funds will be used to improve Norebase’s plug-and-play API, expand its trademark registration technology stack, and hire more people.

Norebase recently released its Incorporation API, a plug-and-play tool. This plug allows other organizations, such as payment providers and banks, to offer registration services to their customers.

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