Duale, Ovia & Alex-Adedipe advises TeamApt on its US$5.5 Million Capital Raise

Posted on Mar 03, 2019

Duale, Ovia & Alex-Adedipe acted as transaction counsel in connection with US$5.5 Million capital raise by TeamApt, a Nigerian fintech startup in a Series A funding led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app.

TeamApt plans to develop more business and consumer based offerings. “We’re beginning to pilot into much more merchant and consumer facing products where we’re building payment infrastructure to connect these banks to merchants and businesses,” CEO Tosin Eniolorunda said.

Duale, Ovia & Alex-Adedipe transaction team was led by the firm’s Partner, Adeleke Alex-Adedipe.