Nigerian fintech startup Storspay has raised a US$320,000 funding round and been selected to participate in the Techstars NYC accelerator, backed by JP Morgan Accelerator. Storspay has developed a decentralised retail lending infrastructure platform for the internet, connecting retail investors seeking alternative asset investment opportunities with small businesses globally needing more affordable capital to grow their businesses. This forms part of a US$320,000 round of funding, which will help the startup scale its platform. “At Storspay, our mission is focused on enabling economic well being for everyday people across the world. “We believe at Storspay that we can make an outsized economic and social impact by building a decentralised retail lending platform that uses stablecoin to share prosperity across the world.

Source: The North Africa Journal April 28, 2023 10:08 UTC