Nigerian customer platform-as-a-service startup, Termii has closed $3.65 million in funding to further enhance its Francophone Africa expansion.
The startup powers customer messaging for the next generation of African technology businesses by helping millions of African businesses communicate with their customers easily across multiple messaging channels.
Also read, Nigerian Startup, Termii secures $1.4M Seed Round for African Expansion
The CPaaS startup helps businesses use messaging channels to verify and authenticate customer transactions and according to its website, the startup has to date supported over 10,000 businesses – across every sector – with messaging tools to both verify, authenticate and engage their customers easily.
The round was led by Ventures Platform, with participation from notable investors, including FinTech Collective, Launch Africa Ventures, Nama Ventures, Aidi Ventures, Ralicap Ventures, Now Venture Partners, Vastly Valuable Ventures, NOA Capital, Assembly Investors, Probability Ventures, Adamantium Fund, MyAsia VC, Uncovered Fund, Afropreneur Angel Group, and notable angel investors: Aubrey Hruby (Tofino Capital), and Eamon Jubbawy (Onifido).
Also read, Termii receives Undisclosed Investment from Future Africa
According to the founders, the new funding will help the startup deepen its expansion effort in Francophone Africa with a special focus on Ivory Coast.
The startup would also be expanding its suite of innovative solutions primarily through its mobile app solution – “TermiiGo” which is Africa’s first cross-company mobile virtual solution available in multiple African countries and Comparable to Google’s Voice and Authenticator, Twilio’s Authy, Whatsapp Business and Skype Business.
TermiiGo, available on both Google’s playstore and the apple store, includes features like direct-to-mobile notifications, rich sms messaging, time-based OTPs as well as affordable local and international calling for enterprise businesses.
Speaking on the fundraise, said Emmanuel Gbolade, Termii CEO, said, “This funding is a significant milestone for Termii and a testament to the incredible work we have been doing to transform customer engagement in Africa.
We are thrilled to have the support of such esteemed investors who share our vision of empowering businesses to easily engage and support their customers anywhere in Africa,”
“Termii stood out to us as a game-changer in the A2P (Application-to-Person) messaging space. Their platform fills a crucial gap by providing seamless integration of telecom services, solving the high message failure rates and complex setup requirements experienced by businesses across the continent.
We believe in Termii’s mission to revolutionize communication in Africa, and we are excited to partner with the exceptional founding team on this journey.” – Dr. Dotun Olowoporoku (General partner, Ventures Platform).
“In conversations we had with African businesses, Termii’s solution was cited as the fundamental piece of their infrastructure powering day-to-day business operations.
Termii has been a game changer throughout the industry in ensuring the delivery of OTPs and transaction-related messages with a higher degree of certainty than ever before, and is still only scratching the surface of their vision as a communication layer”. – Samantha Wulfson (FinTech Collective).
According to Gbolade, the startup remains steadfast in its commitment to driving innovation, expanding its reach across the African continent, and enabling businesses to effortlessly engage and support customers anywhere.
This is why Termii started one of Africa’s first startup and developer outreach program called Termii Elevate which will see the company launch publicly its flagship mobile products on Saturday, June 24, 2023, at The Zone Tech Park in Gbagada, Lagos. Nigeria.
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