Sparkle raises US$3.1-million to expand its start-up digital banking operations

Sparkle, a Nigerian digital bank that provides financial, lifestyle and business support services has raised US$3.1-million in new equity funding from Leadway Assurance, Trium Networks and other high-net-worth individuals based in Nigeria. Sparkle is a lifestyle and financial ecosystem providing seamless solutions to Nigeria’s retailers, SMEs and individuals. Leveraging technology and data, Sparkle is leading a new generation of digital only businesses licensed by the Central Bank of Nigeria. The equity funding is intended to expand operations into other countries outside of Nigeria. Sparkle was established in 2020 by the former Diamond Bank CEO, Uzoma Dozie.

Leadway Assurance is a Nigerian insurance service company with a reputation for service efficiency and customer reliability with over 45 years experience in the sector. Trium Networks is venture capital firm that is focused on digital technologies that have the potential to fundamentally improve lives. The firm use uses it build, launch and scale methodology for accelerated growth that will see the ventures in its ecosystem attaining maximum potential within 5 years.

Posted in .

Leave a Reply

Your email address will not be published.