Wallet Nigeria secures funding from Microtraction

Wallet.ng has managed to attract funding from Microtraction to expand its cellphone based platform that facilitates sending and receiving money from Nigeria. Wallet was founded by John Oke and Joseph Benso-Aruna, who would like to bring competition to the traditional banking industry that is well-known to be more internally driven in Nigeria. Microtraction invests in entrepreneurs who leverage technology, capital and innovation to try and solve African problems. The amount invested was undisclosed.

 

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