Traction
OperatingTraction Apps is a one stop platform for small businesses to accept payments, run their businesses and access capital for growth.
- Information Technology & Services
- Ikoyi, Nigeria
- Seed
- Founded 2018
- tractionapps.co ↗
- Total raised
- $10M
- disclosed
- Last round
- $6M
- Seed
- Rounds
- 3
- since 2018
- Investors
- 12
- on record
- Employees
- 51-200
About Traction
Traction Apps is a one stop platform for small businesses to accept payments, run their businesses and access capital for growth, We are building the operating system for SMEs in Africa!
Traction funding3 rounds
All 3 rounds →Traction has raised $10M across 3 disclosed rounds. The latest is a $6M Seed announced 01 Aug 2023, led by Ventures Platform.
- $4MSeedSeed, $4M, $4M raised to date
- $6MSeedSeed, $6M, $10M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Traction
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 01 Aug 2023 | Traction Seed | Ventures Platform +2 | $6M |
| 28 Feb 2022 | Traction Seed | SPG Holdings +9 | $4M |
| 01 Aug 2021 | Traction Pre-seed | Ventures Platform | Not disclosed |
Traction founders & team
- Dolapo AdejuyigbeCo-Founder
- Mayowa AlliCo-Founder
Traction competitorssame sector · similar funding
- PastelYaba, Nigeria
- Small SmallLagos, Nigeria
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Frequently asked about Traction
- Where is Traction based and when was it founded?
- Traction is headquartered in Ikoyi, Nigeria and was founded in 2018.
- Who founded Traction?
- Traction was founded by Dolapo Adejuyigbe (Co-Founder) and Mayowa Alli (Co-Founder).
- How much funding has Traction raised?
- Traction has raised $10M across 3 disclosed rounds. Its latest, a $6M Seed, was announced on Aug 01, 2023.
- Who has invested in Traction?
- Backers include Ventures Platform, P1 Ventures, Multiply Partners, SPG Holdings and 8 others.
- What sector is Traction in?
- Traction operates in Information Technology & Services, SMEs and IT Services and IT Consulting.
