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African expansion: Nigerian fintech Tingo seeks USD 500 million

23/02/2022
Categories: Companies

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Tingo Inc, a Nigeria-based fintech company, is seeking $500 million to expand in Africa, in part through acquisitions of African businesses. The information was revealed on Monday February 21 by Dozy Mmobuosi, CEO of Tingo, during an interview with Bloomberg.

This new financing should enable the company to mobilize nearly 100 million USD for farmers, particularly women. Then, the company announces that it will use other funds to ensure its expansion plan in twenty African countries over the next three years.

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