Question 1

What is Duplo?

Accepted Answer

Duplo is a Nigerian fintech company founded in 2021 that positions itself as 'Venmo for B2B' in Africa. The platform provides businesses with an integrated solution to automate payables, receivables, and expense management while enabling fast, affordable cross-border payments across multiple currencies.

Question 2

What products and services does Duplo offer?

Accepted Answer

Duplo offers B2B payment automation, cross-border transaction services, and integrated payables, receivables, and expense management. The platform supports transactions in multiple currencies including USD, GBP, EUR, CAD, and other major currencies across several African countries.

Question 3

Who is Duplo designed for?

Accepted Answer

Duplo is designed for businesses operating in Africa that need to manage B2B payments, cross-border transactions, and automate their payables, receivables, and expenses. The platform serves the African business payments market.

Question 4

When was Duplo founded?

Accepted Answer

Duplo was founded in 2021 and participated in Y Combinator's W22 batch.

Question 5

Where is Duplo based and where does it operate?

Accepted Answer

Duplo is based in Lagos, Nigeria. The company is operational in Nigeria with expanding cross-border payment coverage across Ghana, Kenya, Côte d'Ivoire, and South Africa.

Question 6

How much funding has Duplo raised?

Accepted Answer

Duplo has raised $5.6M in total funding, consisting of a $1.3M pre-seed round in February 2022 and a $4.3M seed round in August 2022. Investors include Oui Capital, Y Combinator, and Liquid 2 Ventures.

Question 7

What are Duplo's key achievements?

Accepted Answer

Duplo has successfully raised $5.6M in funding, expanded operations across five African countries, and established thought leadership in the B2B payments space. The company launched the third edition of its B2B payments report in August 2024.

Question 8

What currencies does Duplo support?

Accepted Answer

Duplo supports international transactions in USD, GBP, EUR, CAD, and other major currencies. This multi-currency support enables businesses to conduct cross-border payments across Africa and internationally.

Question 9

What is Duplo's approach to B2B payments?

Accepted Answer

Duplo positions itself as 'Venmo for B2B' in Africa, focusing on payment automation and cross-border transaction capabilities. The platform provides an integrated solution that combines payables, receivables, and expense management in one system.

Question 10

What recent developments has Duplo announced?

Accepted Answer

Duplo launched the third edition of its B2B payments report in August 2024, titled 'The State of Cross-Border B2B Payments in Africa and its Impact on Trade.' The company has also been expanding its cross-border payment coverage across Ghana, Kenya, Côte d'Ivoire, and South Africa.

Duplo

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Frequently Asked Questions

What is Duplo?

What products and services does Duplo offer?

Who is Duplo designed for?

When was Duplo founded?

Where is Duplo based and where does it operate?

How much funding has Duplo raised?

What are Duplo's key achievements?

What currencies does Duplo support?

What is Duplo's approach to B2B payments?

What recent developments has Duplo announced?

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