Prospa raises $3.8m pre-seed to offer software to Nigerian micro-businesses

Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, today announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including Mercury’s Immad Akhund, Ramp’s Karim Atiyeh, Teachable’s Ankur Nagpal, Todd Goldberg and Rahul Vohra’s angel investment fund, and executives from Square, Facebook and Nubank. This investment is the largest pre-seed round for a Nigerian fintech.