The Nigerian FinTech company boasts three flagship solutions: PaywithTransfer, Pay4me and Benefits.
Capital from the round will be used to help the company provide inventory finance to small shops in Nigeria. The FinTech company also hopes to expand its operations, as it aims to become a leading provider of financial services to micro-enterprises in Nigeria.
Its PaywithTransfer solution is an embedded payments service which includes virtual accounts, cards and more. The Pay4me solution offers various forms of credit for customers, including inventory finance, asset finance and short-term cash loans.
OnePipe previously raised $3.5m for its seed funding round in late 2021. The capital was supplied by Atlantica Ventures, Tribe Capital and V&R Associates.