Funding roundDebt Financing
Ororo Waste Debt Financing
Ororo Waste raised $1M in a Debt Financing led by Rising Tide Africa. It was announced on 29 September 2026.
- Amount raised
- $1M
- NGN 1.4B in local currency
- Announced
- 29 days ago
- Investors
- 1
- 1 lead
Investors in Ororo Waste's Debt Financing1
Lead
- Rising Tide AfricaLeadProfile of Rising Tide Africa →
Impact Investor
About this round
Up to NGN 1.4 billion (~$1M) via a tranched corporate note from Rising Tide Africa, the women-led pan-African angel network (122+ members in seven countries, 39 early-stage investments). First tranche disbursed 16 Sep 2026; further tranches possible through 16 Dec 2026; publicly reported 29 Sep 2026. Funds drums, trucks, hub storage, feedstock purchases and working capital (same-day mobile-money payment of ~5,000 informal collectors) and expansion from three collection hubs (Lagos, Abuja, Port Harcourt) toward 40+ hubs and 150,000+ tonnes of ISCC-certified used cooking oil a year by 2031.
Sources for this round4
- businessday.ngNigeria's 840,000-tonne cooking oil waste market gets $1m investment push - BusinessDay (29 Sep 2026)
- techcabal.comRising Tide Africa commits $1m to Ororo Waste's UCO expansion - TechCabal (30 Sep 2026)
- innovation-village.comRising Tide Africa commits $1M to Nigeria's Ororo Waste Management - Innovation Village (1 Oct 2026)
- thecondia.comThis startup turns used cooking oil into cash. It just raised $1m for growth - Condia (2 Oct 2026)
Frequently asked about Ororo Waste's Debt Financing
- How much did Ororo Waste raise in its Debt Financing?
- $1M, announced on 29 September 2026.
- Who led Ororo Waste's Debt Financing?
- Rising Tide Africa led the round.
- Who invested in Ororo Waste's Debt Financing?
- 1 investor is named for this round: Rising Tide Africa (lead).
