Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company

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Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company
Mobile Phones Deals

It’s always good news when Nigerian startups secure good funding to better their services and expand their range of products. Thus, when Infibranches Technologies Limited got a $2m funding from All On to help them boost their reach and services in the country, we didn’t skip on reporting it.

Infibranches established its services around providing a payment solution for solar energy providers in the country. Thus, these companies can focus on other parts of their solutions without worrying about building a viable digital payment service for its customers and markets that they serve too.

This investment comes from an investment company backed by Shell, showing that the oil-based firm is diversifying into the energy market in other ways. This will also give Infibranches a better access to more industry players, help them gain the trust of bigger companies and expose them to the mentorship and support of a company that has been in the energy industry for decades.

With this funding, the start-up hopes to trigger a new wave of growth through talent acquisition, inventory acquisitions, product and tech development and maintain a solid working capital, among other things.

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