VENCO Secures $670k Pre-Seed Funding Round

VENCO Secures $670k Pre-Seed Funding Round

SHALOM OLALEYE

Nigerian Start up VENCO, which provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in an oversubscribed pre-seed funding round to scale its platform.

Venco, a technology platform that manages collections, service charge administration, utilities vending, visitor access and other services associated with multi-unit property developments across Africa.

Starting with Nigeria and Kenya, the new funding will support VENCO to build out its credit delivery infrastructure for rent and household spend, as well as its expansion into other cities and countries on the continent.

In a statement CEO,VENCO,Chude Osiegbu said, “The manual nature of many processes associated with life in residential and commercial communities in Africa presents many issues that we believe technology can fix. Beyond this, we also want to leverage technology to deliver new services and experiences that will transform how people live in Africa’s growing cities and create better value for everyone across the board. Our goal is to deliver technology solutions that will enhance living experiences across the continent, and we are excited to have raised these funds to support that mission,”Venco Secures $670k Pre-Seed Funding Round.’