Afriex
OperatingAfriex is a financial service platform that enables people to transfer money to African countries from anywhere in the world.
- Financial Services
- Lagos, Nigeria
- Series A
- Founded 2019
- afriexapp.com ↗
- Total raised
- $11.3M
- disclosed
- Last round
- $10M
- Series A
- Rounds
- 4
- since 2019
- Investors
- 19
- on record
- Employees
- 1–10
Afriex funding and investors
Afriex has raised $11.3M across 4 disclosed rounds. The latest is a $10M Series A announced 25 Apr 2022, led by Sequoia Capital China.
- Lead investors
- 3
- Largest round
- $10M
- Average round
- $3.8M
- disclosed rounds
- Round cadence
- 7 mo
- average gap
- $150KSeedSeed, $150K, $150K raised to date
- $1.2MSeedSeed, $1.2M, $1.4M raised to date
- $10MSeries ASeries A, $10M, $11.3M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Afriex funding rounds4 · newest first
- Series A$10M
25 Apr 2022 · led by Sequoia Capital China
- SeedUndisclosed
10 Jan 2022
- Seed$1.2M
22 Mar 2021 · led by Launch Africa
- Seed$150K
26 Aug 2020
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 25 Apr 2022 | Series A | Sequoia Capital China · Stellar Development Foundation, Goldstreet Venture Capital, Exceptional Capital, Dragonfly, Diverse Angels | $10M |
| 10 Jan 2022 | Seed | Bossanova Investimentos | Undisclosed |
| 22 Mar 2021 | Seed | Launch Africa · Future Africa, Ivernet Holding SAPI de CV, Mandela Schumacher-Hodge Dixon, Precursor Ventures, Processus Capital, Russell Smith, SB Opportunity Fund, Uncommon Ventures, Y Combinator, Andrea Vaccari, A$AP Capital | $1.2M |
| 26 Aug 2020 | Seed | Y Combinator | $150K |
Investors in Afriex19 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| Launch AfricaPrivate Equity | Lead | Seed | Mar 2021 |
| Sequoia Capital ChinaVenture Capital | Lead | Series A | Apr 2022 |
| DragonflyPrivate Equity | Lead | Series A | Apr 2022 |
| Y CombinatorAccelerator | Participant | Seed | Aug 2020 |
| Future AfricaVenture Capital | Participant | Seed | Mar 2021 |
| Ivernet Holding SAPI de CVVenture Capital | Participant | Seed | Mar 2021 |
| Mandela Schumacher-Hodge DixonPrivate Equity | Participant | Seed | Mar 2021 |
| Precursor VenturesVenture Capital | Participant | Seed | Mar 2021 |
| Processus CapitalVenture Capital | Participant | Seed | Mar 2021 |
| Russell SmithVenture Capital | Participant | Seed | Mar 2021 |
| SB Opportunity FundPrivate Equity | Participant | Seed | Mar 2021 |
| Uncommon VenturesVenture Capital | Participant | Seed | Mar 2021 |
| Andrea VaccariPrivate Equity | Participant | Seed | Mar 2021 |
| A$AP CapitalVenture Capital | Participant | Seed | Mar 2021 |
| Bossanova InvestimentosVenture Capital | Participant | Seed | Jan 2022 |
| Stellar Development FoundationImpact Investor | Participant | Series A | Apr 2022 |
| Goldstreet Venture CapitalVenture Capital | Participant | Series A | Apr 2022 |
| Exceptional CapitalVenture Capital | Participant | Series A | Apr 2022 |
| Diverse AngelsAngel Investor | Participant | Series A | Apr 2022 |
Frequently asked about Afriex
- How much funding has Afriex raised?
- Afriex has raised $11M across 4 disclosed rounds. Its latest, a $10M Series A, was announced on Apr 25, 2022.
- Who has invested in Afriex?
- Backers include Stellar Development Foundation, Sequoia Capital China, Goldstreet Venture Capital, Exceptional Capital and 15 others.
Profile updated Source: SLA Startup IndexHow we count →
