Payourse Raises $600,000 to Strengthen Product Offerings

By December 7, 2021 NEWS

Lagos-based blockchain startup, Payourse, has received a $600,000 pre-seed investment to scale its products, hire more talent and expand into new markets.

Micheal Ugwu, one of the biggest NFT collectors in Africa, Flori Ventures, Olumide Soyombo’s Voltron Capital, and Allegory Capital  joined the round to help Payourse get closer to achieving its goals.

Other angel investors included co-founders of CELO; Marek Olszewski and Rene Reinsberg, Kola Aina of Ventures Platform, Angel Touch Holdings, and Oluwatobi Anisere.

Founded in September 2019 by Bashir Aminu; CEO and John Anisere; CTO, Payourse focuses on solving the problem of accessibility and adoption of the Web3 economy.

The company does this by providing the core infrastructure and tools needed to help African businesses build user-friendly crypto and Web3 products.

According to the company, there are currently over 5,000 users on Coinprofile who process millions of dollars on the platform. Payourse also affirmed that in 2021, its payment gateway has grown 15,000% across all metrics, maintaining a 150% month-on-month growth rate.

We believe the future of finance in Africa will be defined by crypto. Our goal is to accelerate access to crypto for everyone, by giving businesses the right financial tools to build user-friendly crypto products,” Bashir said.

I worked closely with Bashir as a Visiting Partner at Flori Ventures. I’ve spent four batches at YCombinator and rarely do I see a company with this kind of knockout performance and a founder who is willing to put in the hard work to continue to nurture it“, Holly Liu, visiting partner at Flori Ventures, said. “Bashir is capable of meeting the demands of a crazy growth startup and also ramp up fundraising”.