Nigerian B2B marketplace Betastore raises $2.5 million for African expansion

Nigerian B2B marketplace Betastore raises $2.5 million for African expansion
Photo by Ima Enoch / Unsplash

Betastore, 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.