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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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Lenco is a Pan-African digital bank focused on providing multi-currency accounts and growth tools for small and medium-sized enterprises (SMEs) across Africa. Catering to retail outlets, hospitality businesses, and startups, Lenco facilitates vendor payments, supplier transactions, and cross-border payments while offering access to growth capital. Their services include automated reconciliation, automatic customer payments, and consolidated management of business airtime and utility bills.
Lenco has made significant strides in revolutionizing business banking for African SMEs by integrating essential financial services into a single platform. This innovation has empowered numerous businesses to streamline their financial operations and focus on growth. The company's impact is evident in its ability to simplify complex banking tasks, thereby enhancing operational efficiency for its clients.
Operating Status
Active
Ownership Type(s)
Venture Capital
Main Product(s)
Financial Services, Banking
Technology
FinTech
Tags
SaaS, API
Model Types
Platform, Software
Revenue Type(s)
Transactional, Recurring
Customer Type(s)
Enterprise, Small Business
When was Lenco founded?
Lenco was founded in 2021.
Where is Lenco's headquarters located?
Lenco's headquarters is located in San Francisco, CA, US.
When was Lenco's last funding round?
Lenco's most recent funding round was for $2M (USD) in March 2022.
How many employees does Lenco have?
Lenco has 30 employees as of Feb 4, 2024.
How much has Lenco raised to-date?
As of July 05, 2023, Lenco has raised a total of $2.1M (USD) since Mar 23, 2022.
Add Comparison
Total Raised to Date
$2.1M
USD
Last Update Mar 23, 2022
Last Deal Details
$2M
USD
Mar 23, 2022
Seed
Current Employees
30
(over the past year)
Last updated: Feb 4, 2024
Employee Growth Trend
High
Medium
Low
Hover over data points to see confidence level and exact employee count
No location information available for this company.
Locations
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts