Tech Company Financing Transactions
Pastel Funding Round
Pastel secured a $5.5 million Seed financing round on 8/15/2022. Backers included TLcom Capital, DFS Lab and Global Founders Capital.
Transaction Overview
Company Name
Announced On
8/15/2022
Transaction Type
Venture Equity
Amount
$5,500,000
Round
Seed
Investors
Proceeds Purpose
The company will use the capital "to expand its product offerings and develop more productivity and finance management features and tools around group savings, loans and payments for small businesses," TechCrunch reported Monday.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Modupe House 274 Murtala Muhammed Way Yaba,
Lagos, Undisclosed
Nigeria
Lagos, Undisclosed
Nigeria
Phone
Website
Email Address
Overview
Building digital financial solutions for businesses with the goal to get them to a place of financial accountability and success-one app at a time. We will be a global leader in the micro, small, and medium businesses space, building tools that allow businesses to increase sales, process payments, access financial solutions, and immerse themselves in the digital economy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Abuzar Royesh
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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