Nigeria migrant banking startup Vesti raises $500K pre-seed

Vesti Technology Inc has raised $500,000 in pre-seed. The funds will be used to improve its platform, increase its user base and strengthen its market penetration in Africa. Participation in the fund round was received from microtraction and Oxygen Group. GBDigitals, Terramax Ventures and Midlothian Angel Network also participated.

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Vesti processed more than $1 million in transactions between December 2021 and December 2021. It currently has over 26,000 users and is growing by 33% each month. Vesti currently has operations in Dallas and Lagos, Nigeria. It plans to expand to Rwanda and Ghana during the second quarter.

Vesti was established by Olusola Amusan, the CEO. Vesti App can be accessed at the IOS or Google store.

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