YC Companies/Summer 2022/Pivo Technology Inc
Pivo Technology Inc logo

Pivo Technology Inc

Digital Bank for Freight Carriers in Africa.

Summer 2022Fintech / FintechLagos, LA, Nigeria; LA, Nigeria11 employees
Fintech
Payments
B2B
Supply Chain
Neobank

About

Africa has experienced robust macroeconomic growth over the last five years and was the second fastest growing region in 2019 with a GDP of $2.6T, a 3.7% increase on 2018. Nigeria makes up $0.5T, 50% of which comes from Small and Medium Enterprises (SMEs) – a huge number of these operate within large manufacturing supply chains. Starting with Freight Carriers Pivo makes financial services easily accessible for truck owners and truck drivers by providing a bank account, debit card and digital invoicing tools so they can get paid faster and avoid cash flow problems. This will be further augmented by more fundamental financial products such as credit, transaction management, and expense management, to improve their cashflow.

Founders (1)

Ijeoma Akwiwu
Founder

Details

Status
Inactive
Stage
Early
Team Size
11
Regions
Nigeria, Africa, Remote, Partly Remote