Egoras
OperatingEgoras is a Nigerian startup provides uncollateralised micro-credit to small entrepreneurs.
- Microfinance
- Lagos, Nigeria
- Private Equity
- Founded 2019
- egoras.com ↗
- Total raised
- $1.3M
- disclosed
- Last round
- $1.3M
- Private Equity
- Rounds
- 1
- since 2019
- Investors
- 7
- on record
- Employees
- 11-50
About Egoras
Egoras microfinance protocol provides uncollateralised micro-credit to small entrepreneurs and enterprises who cannot take shelter of banks for banking and other services. EGS is a decentralized cryptocurrency stabilized against the value of the US dollar, it uses egoras loan governance to respond to changing market conditions and preserve its value against the US dollar. Unlike other popular stablecoins whose value is backed directly by USD, it’s backed by crypto collaterals.
Egoras funding1 round
Egoras has raised $1.3M across 1 disclosed round. The latest is a $1.3M Private Equity announced 03 Apr 2021, led by Exnetwork Capital.
Who has invested in Egoras
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 03 Apr 2021 | Egoras Private Equity | Exnetwork Capital +6 | $1.3M |
Egoras founders & team
- Ugoji HarryFounder and CEO
- Isdore OzuoCO-FOUNDER AND LEGAL
Egoras competitorssame sector · similar funding
- Evolve CreditLagos, Nigeria
- StorspayLagos, Nigeria
More Microfinance startups in Nigeria
Frequently asked about Egoras
- Where is Egoras based and when was it founded?
- Egoras is headquartered in Lagos, Nigeria and was founded in 2019.
- Who founded Egoras?
- Egoras was founded by Ugoji Harry (Founder and CEO) and Isdore Ozuo (CO-FOUNDER AND LEGAL).
- Who is the CEO of Egoras?
- Ugoji Harry is Egoras' Founder and CEO.
- How much funding has Egoras raised?
- Egoras has raised $1.3M across 1 disclosed round. Its latest, a $1.3M Private Equity, was announced on Apr 03, 2021.
- Who has invested in Egoras?
- Backers include Exnetwork Capital, Blackdragon, Three M Capital, Launchpool and 3 others.
- What sector is Egoras in?
- Egoras operates in Microfinance, Financial Services and FinTech.
