Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
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Linkedin Profile |
Frederik Obasi, Chioma Ugo, and Rodney Jackson-Cole launched Prospa Inc in October 2019 with the goal of assisting micro and small businesses in combining all of the components of their business administration—such as banking, personnel management, inventory and invoicing, and workforce management—into a single vehicle.
Prospa Inc is more than a bank, it’s your business partner. Providing all the tools you need to start, grow and scale your business, to prosperity and beyond.
Open a business bank account in 5 minutes and discover an incredibly fast and easy way to manage your business finances. Thousands of Nigerian business owners, freelancers, startups and growing companies use Prospa. Packed with features to put your finance operations on autopilot and give you time to focus on growing and succeeding.
Your account comes with:
Prospa Account is provided by GoodNews Microfinance Bank Ltd. It is licensed by the Central Bank of Nigeria. All deposits are insured by the Nigerian Deposit Insurance Corporation (NDIC). Card is issued by Zenith Bank under license by respective.
Prospa Inc’s mission is to empower Nigerian entrepreneurs by providing comprehensive financial tools and services to help them build financial prosperity. They aim to support their members by offering a fully operational bank account in just five minutes, along with additional business tools such as invoicing, inventory management, customer management, and e-commerce platforms.
The vision of Prospa Inc is to create an operating system for Nigerian entrepreneurs that goes beyond traditional banking. They aspire to build a platform that addresses all aspects of running a business, helping entrepreneurs start, grow, and scale their ventures successfully.
Prospa Inc offers services such as current accounts, cards, loans, cash deposits, POS systems, commerce tools, and instant support.
According to Techcrunch, Prospa Inc. has secured significant investment from a variety of sources. Their largest funding round to date is a $3.8 million pre-seed round, which is notable as the largest of its kind in Nigeria and Sub-Saharan Africa. This round included participation from notable venture capital firms such as Global Founders Capital and Liquid 2 Ventures.
Additionally, the investment also saw contributions from prominent individual investors like Immad Akhund of Mercury, Karim Atiyeh of Ramp, and executives from companies like Teachable, Square, Facebook, and Nubank.