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Lenco

Lenco

Private
LagosFinTechhttps://lenco.co/

Last Round

Accelerator

Mar 29, 2022

Total Funding Raised

$620,000

Company Overview

Lenco is a fintech company that provides a digital banking and expense management platform for startups and SMEs in Africa.

Sector

FinTech

Verticals

Digital Banking, Digital Payments, Accounting & Expense, Corporate Banking

Business Model

B2B

Customer Profile

Usage-Based SaaS, Services & Consulting

AI Layer

Non-AI

Keywords

digital bankingneobankbusiness bankingcross-border paymentsexpense managementpayment gatewaybulk payoutsmulti-currency accountfintechcorporate bankingb2b paymentsfinancial managementsme bankingafrican fintechinvoice management

Historical Pricing

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Caplight Momentum Score

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Lenco Comparables

Compare Lenco with similar companies based on industry and business-model similarity.

Lenco comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Prospa
87%
Zazu Africa Limited
83%
Boya
80%

Lenco Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
AcceleratorMar 29, 2022
AcceleratorOct 21, 2021

Key People

Founding team and executive leadership

Andrew Airelobhegbe

Chief Executive Officer

Executive Team

Impact Airelobhegbe

COO

Executive Team

Lenco Investors

Notable investors and investment history

Lenco investors
InvestorRounds
TrueAccelerator
Pioneer FundAccelerator
Leonis InvestissementAccelerator
TechstarsAccelerator
Trajectory VenturesAccelerator
Y CombinatorAccelerator
Millennia CapitalAccelerator

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 23, 2022

    Raised a Seed round with participation from True and Techstars.

  • Oct 21, 2021

    $120K round led by Techstars

Lenco Filings

SEC and related filings with document metadata.

Data table
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Lenco Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Lenco's valuation, stock price, and market status.

Firmographic Details

HeadquartersLagos
Employee Range49
Year Founded2021
Last FundingMar 29, 2022

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