Sudo Africa, Inc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Sudo Africa, Inc - overview
Established
2020
Location
Nigeria, -, Nigeria
Primary Industry
Financial Services
About
Based in Nigeria and founded in 2020 by Aminu Bakori and Kabir 'Bayo Shittu, Sudo Africa, Inc operates as a card issuing API fintech company. In March 2022, Sudo Africa, Inc raised USD 3. 7 million in venture funding from investors including Global Founders Capital, Berrywood Capital, Kepple Africa Ventures, LoftyInc Capital Management, Picus Capital, Rally Cap Ventures, Suya Ventures, and Zedcrest. The company’s infrastructure allows developers and merchants to not issue virtual and physical cards to their customers and also allows businesses to regulate and program the cards according to the needs of the customers.
The company also allows businesses to control how the cards are used by employees, staff, or associates. The company also allows businesses to put spending controls on the cards such as where, when, and how much can be spent. The company's customers include businesses from industries such as fintech, microfinance banks, non-tech enterprises, government agencies, logistics companies, commercial banks, and e-commerce. Sudo Africa, Inc generates revenue by charging interchange fees when the issued cards are used to make a web or POS transaction and also charges authorization fees when spending and location-based controls are made.
The company plans to use the funding to expand to other African markets.
Current Investors
Global Founders Capital, Picus Capital, LoftyInc Capital Management
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.sudo.africa
Verticals
FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Sudo Africa, Inc - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.