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# Nigerian B2B marketplace Betastore raises $2.5 million for African expansion
- URL: https://www.techloy.com/nigerian-consumer-goods-marketplace-betastore-raises-2-5-million-for-african-expansion/
- Published: 2022-05-31T16:40:23.000Z
- Updated: 2022-12-08T01:05:31.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Tech in Nigeria

[Betastore,](https://www.betastore.co/) a Nigeria-based consumer goods marketplace has raised $2.5 million in its pre-series A funding from 500 Global, VestedWorld, and Loyal VC.

- The funds will be used to expand the firm's services to Ghana, the Democratic Republic of Congo, and Cameroon by the year-end.
- Betastore offers a platform for informal traders to source fast-moving consumer goods (FMCG) directly from manufacturers or distributors.
- The firm plans to introduce financing as one of its services by July.
- It has now raised $3 million in total with this new funding round.