Yep! has raised USD1.5 million in a pre-seed funding round led by Greenhouse Capital as the company launches its new digital financial app on iOS and Android in five African countries (Nigeria, Niger, Togo, Ivory Coast, and Burkina Faso).
The company has ambitious growth plans of doubling an existing network of about 100,000 merchants to over 200,000 by the end of 2022. The founders are also in discussions with international credit providers to increase the super-app’s debt facility to USD10 million by the end of this year as the company scales its lending operations.
Yep! joins Greenhouse Capital’s portfolio of companies in Africa, including YC companies Flutterwave, Credpal, and Helium health.
