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FUNDING | Nigerian Fintech, Cleva, Raises $1.5 Million After Facilitating Over $1 Million in 4 Months for Freelancers
Cleva, a Nigerian fintech startup, has successfully secured $1.5 million in pre-seed funding to enhance international payments infrastructure across Africa.
The $1.5 million pre-seed funding for Cleva was spearheaded by 1984 Venture, a San Francisco-based venture capital firm specializing in supporting early-stage startups. The funding round also saw participation from various investors, including:
The startup, founded in 2023 by Tolu Alabi (CEO) and Philip Abel (CTO), was established to provide individuals and companies in Africa with US-based accounts, facilitating the receipt of U.S. dollars.