Showlove the Gifting Startup Raises $300k Pre-seed Funding
Showlove, a Nigerian social gifting network, has raised $300,000 in a pre-seed round led by Fedha Capital and other angel investors.
The organization, which was founded in 2020 by Chikodi Ukaiwe, Joshua Biyere, and Seye Bandele, is simplifying the process of requesting, giving, and getting presents and cash in Africa, as well as assisting African businesses in promoting their services and products in order to increase their market visibility.
Showlove’s approach to addressing the issues is to establish a fun community where people can discuss their wants and needs, either with a small group of people or with the wider public, and request and receive the things that they want.
Consider it a social network that allows you to request, receive, and share gifts with your friends while also providing cutting edge financial services.
Previously, customers paid for gifts via debit cards, USSD, and bank transfers,” Chikodi says.
Now, the network are offering a wallet that makes procedures a lot easier; you can use it to pay for anything or accept payments. If buying gifts isn’t your thing, you can give money to your friends for free.”
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