Pivo
Pivo is a Nigerian fintech founded in 2021 that provides an all-in-one digital banking, working capital lending, trade financing, expense management, and insurance platform for SMEs operating within African supply chains, particularly freight carriers and manufacturing supply chain participants.
- Company typePrivate
- Founded2021
- HeadquartersWuse, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Pivo does
Pivo is a Nigerian fintech startup founded in July 2021 that operates an all-in-one financial services platform targeted at small and medium enterprises within African supply chains, particularly freight carriers and SMEs in manufacturing supply chains. The platform combines digital banking services, working capital loans, trade financing, expense management, and insurance products into a single integrated offering designed to address the fragmented access to financial services that supply chain SMEs typically face. The company's core technology is its domain-specialized platform that handles transaction management and payment reconciliation for supply chain participants.
The revenue model rests on multiple streams: subscription and recurring fees on banking and insurance products, transaction-based interest income from working capital loans and trade financing, and fees on expense management and payment processing. Pivo follows a sales-led B2B go-to-market motion, targeting SMEs within large manufacturing supply chains as primary customers, with plans to move up the value chain into corporate banking. Distribution is primarily through direct digital onboarding for SMBs and ecosystem partnerships.
By late 2022, Pivo had raised approximately $2.3 million across four funding rounds from investors including Y Combinator (lead investor in the $2M November 2022 seed), Google for Startups, Microtraction, Mercy Corps Ventures, Trinity Ventures, Precursor Ventures, and VestedWorld. The company, led by CEO and co-founder Nkiru Amadi-Emina, operates from Lagos, Nigeria, with publicly stated plans to expand into East Africa to access a stated $4 billion addressable market in African manufacturing logistics.
Pivo firmographics
Firmographics- Name
- Pivo
- Website
- https://pivo.africa
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pivo is a Nigerian fintech founded in 2021 that provides an all-in-one digital banking, working capital lending, trade financing, expense management, and insurance platform for SMEs operating within African supply chains, particularly freight carriers and manufacturing supply chain participants.
- Ownership category
- akta.pro rank
Pivo industry classification
Industry- Product category
- Supply Chain Financial Services
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD)
Keywords
Where Pivo is headquartered
LocationHeadquarters
- HQ city
- Wuse
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Pivo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Financial Services Fees: Revenue generated from providing credit, payments, expense management, and other financial services to supply chain SMEs. The company operates as a digital banking and financial services platform.
- Lending Interest: Interest income from working capital loans and trade financing provided to SME supply chain businesses.
- Insurance Services: Revenue from insurance products offered as part of the comprehensive financial services platform.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels2 records
Pivo product offering
Product offeringCore offering
Pivo provides an all-in-one digital banking and financial services platform for small and medium enterprises operating within African supply chains, particularly in manufacturing and freight logistics. The platform delivers integrated banking services, working capital loans, trade financing, expense management, credit access, payment processing, and insurance products designed to address the cash flow and credit access gaps faced by underserved SMEs in supply chains.
Product overview
Pivo is a Nigerian fintech company offering an all-in-one digital banking and financial services platform for SMEs operating within African supply chains, particularly in manufacturing and freight logistics. The platform provides integrated financial products including banking services, working capital loans, trade financing, credit facilities, expense management, and insurance. The core platform serves as the central hub, with individual products like working capital loans and trade financing addressing specific financing needs, while corporate banking features are planned for future expansion.
Differentiator
Problem solved
Functional benefit
Products and services
- All-in-One Financial Services Platform A comprehensive digital banking and financial services platform designed for SMEs operating within supply chains, providing integrated banking, lending, insurance, credit, payments, and expense management functionalities.
- Working Capital Loans Short-term financing product enabling SME supply chain businesses to cover operational expenses and manage cash flow gaps.
- Trade Financing Specialized financing solutions for SME supply chain players facilitating international or domestic trade transactions.
- Banking Services Digital banking services providing transaction management and payment reconciliation capabilities for freight carriers and SMEs in manufacturing supply chains.
- Expense Management Tools for managing and tracking business expenses within supply chain operations.
- Insurance Products Insurance offerings for supply chain businesses, distributed as part of Pivo's integrated financial services platform.
Companies that use Pivo
Customer profileSegments3 records
Ideal customer profiles1 record
Pivo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Pivo partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Pivo competitors and assessment
Company assessmentDirect peers
- FairMoney: Nigerian digital bank and lender serving underbanked individuals and SMEs with credit, deposits, and payments. Closely comparable to Pivo in its Nigerian SME focus and lending-led model.
- Carbon (formerly Paylater): Nigerian digital lending platform that has expanded into a broader neobank offering credit, payments, and savings to SMEs and consumers. Overlaps directly with Pivo's lending-plus-banking stack.
- Moniepoint: Nigeria-focused business banking and payments platform serving SMEs and merchants with accounts, POS, and credit. Targets the same SME banking-and-payments wedge as Pivo.
- Duplo: Nigerian B2B payments and embedded finance platform enabling businesses to make and receive payments and access working capital. Direct competitor in SME B2B payments and financing.
- Sparkle: Nigerian digital banking platform offering business accounts, payments, and expense management to SMEs. Mirrors Pivo's all-in-one banking and expense proposition.
- Anchor: Africa-focused B2B financing and payments platform providing working capital, trade financing, and embedded finance to businesses. Comparable supply-chain-adjacent SME finance play.
Broad incumbents
- Flutterwave: Pan-African payments infrastructure giant offering payment processing, FX, and increasingly embedded finance. Operates broadly across African fintech, dwarfing Pivo in scale.
- Paystack: Pan-African payment processor (acquired by Stripe) that has been expanding into broader financial services. Competes with Pivo in payments and increasingly in SME banking.
- OPay: Mobile money and fintech super-app operating across Nigeria and other African markets with payments, savings, lending, and merchant services. Overlaps with Pivo's multi-product SME offering.
- TeamApt: Nigerian payment infrastructure and business banking platform powering banks and merchants at scale. Competes with Pivo in business payments and banking infrastructure for SMEs.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Pivo social profiles
Digital presencePivo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pivo leadership team
Management profileNumber of profiles
Profiles1 record
Pivo funding detail
Funding detailFunding overview
Funding rounds4 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pivo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pivo
What does Pivo do?
Pivo provides an all-in-one digital banking and financial services platform for small and medium enterprises operating within African supply chains, particularly in manufacturing and freight logistics. The platform delivers integrated banking services, working capital loans, trade financing, expense management, credit access, payment processing, and insurance products designed to address the cash flow and credit access gaps faced by underserved SMEs in supply chains.
Is Pivo a public or private company?
Pivo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pivo founded?
Pivo was founded in 2021. It employs 11 to 50 people.
Where is Pivo based?
Pivo is headquartered in Wuse, Nigeria, in the Africa region.
How does Pivo make money?
Three revenue lines are on record. Financial Services Fees are the primary driver. The others are lending Interest and insurance Services.
Who are Pivo's main competitors?
Direct peers on record are FairMoney, Carbon (formerly Paylater), Moniepoint, Duplo, Sparkle and Anchor. Broad incumbents are Flutterwave, Paystack, OPay and TeamApt.
Does Pivo have an API?
No public API is recorded for Pivo.
What industry is Pivo in?
Pivo's product category is Supply Chain Financial Services. Its primary akta.pro industry code is FSABABAD, SME Cash Management & Payments (Merchant, ACH/Wires, Payroll). Its SIC code is 6099.