• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

Thepeer Fintech Startup Raises $2.1 Million to Make Transactions More Seamless Using Business Wallets

by Joan Aimuengheuwa
June 22, 2022
in StartUPs
0
UBA
Advertisements

Nigerian fintech startup, Thepeer, has raised a $2.1 million seed round less than a year after launch, bringing the company’s total funding to $2.32 million.

The round was led by Raba Partnership and included participation from investors such as Rallycap, BYLD, Timon Capital, Musha Ventures, Sunu, Uncovered Fund, Chipper Cash and Stitch.

Thepeer is tackling the challenge which exists among fintechs who provide digital wallets to their customers “but do not have a direct way to use that store of value across different apps and merchants.”

To solve this problem, Thepeer offers three products that can be integrated into the applications or websites of fintech companies and businesses, to be leveraged by their customers. These products include Direct Charge, where these customers can fund their wallets from other businesses; Send — allows the customers to send money instantly; and Checkout — customers pay for items online from any store accepting payment via Thepeer.

The startup has been able to gain the trust of partners such as GetEquity, Nguvuhealth, Bitsika, Chipper Cash, Eversend, Paga and many others. Thepeer fixes its eyes on more integrations with thriving businesses in coming weeks.

Thepeer affirms to have recorded average month-on-month transaction growth of 161% since inception. Following the launch of its Send product, where users can send and receive money and is introducing transactions in other currencies aside from the Nigerian naira, the startup’s monthly transaction volume has grown over 65x and is processing millions of dollars in double digits.

Kosisochukwu Chike Ononye and Micheal Trojan Okoh founded the company due to personal encounters with finding direct ways to transfer value between customers of different walletable businesses and not getting it. Today, the idea of solving this problem has birthed another thriving African fintech company. 

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Kosisochukwu Chike OnonyeMicheal Trojan OkohRaba PartnershipStitchThepeer
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post

Growth of African HealthTech Startups Prompts Launch of $7 million Innovator Support Program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

OpenAI Unveils New API for ChatGPT, Dedicated Capacity for Businesses

ChatGPT Records 100 Million+ Weekly Users across 185 Countries – OpenAI

1 year ago
Moniepoint's General Counsel, Others Named in Legal 500's Inaugural GC Powerlist

Okechukwu Eke Moniepoint’s General Counsel, Others Named in Legal 500’s Inaugural GC Powerlist for Nigeria

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.