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CrowdForce

AcquiredYC W20500 Global

Abuja, NG · Founded 2017 · 41 employees · 14 known investors

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CrowdForce operates a mobile app enabling small merchants across Africa to function as banking service points without establishing formal branch infrastructure.

FintechGovTechNigeriaAfrica

Founders & leadership· Y Combinator alumni (W20)

CrowdForce was founded in 2017 by Oluwatomi Ayorinde and Damilola Ayorinde.

OAOluwatomi Ayorinde
Oluwatomi AyorindeFounder / CEO (Exited)2018–2023Oluwatomi Ayorinde is a software engineer with prior experience as a development consultant at SAP and as a Stanford Seed graduate. He works on financial services technology, specifically banking solutions for microfinance institutions in Nigeria.
DADamilola Ayorinde
Damilola AyorindeCo-Founder/COOHe previously founded and served as COO of Mobile Forms, a mobile data collection company, and worked as a project manager.
TA
Tomi AyorindeFounder

Investors · 14

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Y Combinator's founder network · Not right? Tell us

Asia Africa Investment & Consulting (AAIC)listed by Asia Africa Investment & Consulting (AAIC)Singapore

How we know: Asia Africa Investment & Consulting (AAIC)'s portfolio page · Not right? Tell us

HAVAIClisted by HAVAICCape Town

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

MAGIC Fundlisted by MAGIC FundLos Angeles · $50K – $5M

How we know: MAGIC Fund's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Ventures Platformlisted by Ventures PlatformAbuja · $50K – $1M

How we know: Ventures Platform's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

AAICreportedTokyo

How we know: techcrunch.com · Not right? Tell us

Aruwa CapitalreportedLagos

How we know: techcrunch.com · Not right? Tell us

GMF CAP LTDreported

How we know: Y Combinator's founder network · Not right? Tell us

Kakawa Investment ManagementreportedLagos

How we know: Y Combinator's founder network · Not right? Tell us

RSCMreportedSan Francisco · $150K – $300K

How we know: Y Combinator's founder network · Not right? Tell us

Tangerine General InsurancereportedLagos

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 2

AAIC HoldingsHAVAÍC

Funding

SEC filings, press & company announcements

$3.6M disclosed across 1 of 2 rounds · 2022

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 5

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SlopeSlope provides a B2B payments platform that enables businesses to accept payments and offer financing, with a focus on digitizing the order-to-cash process for online commerce. The company uses generative AI to modernize traditionally manual B2B payment workflows.
PestoPesto Mastercard offers affordable credit for people with poor or limited credit history, positioning itself as an alternative to high-cost pawn loans. The product allows users to build credit history and improve credit scores through regular, on-time payments.
EmburseEmburse is a travel and expense management platform that helps organizations automate T&E processes, improve compliance, and gain spending visibility. The company serves enterprise teams managing corporate travel and expense administration.
SiftSift provides an AI-powered platform for fraud prevention and risk decisioning that helps digital businesses detect and manage online fraud. The platform serves companies across industries looking to reduce fraud losses while enabling secure growth.

Companies working in the same space as CrowdForce.

Legal entities · 1

corporate structure
Crowdforce Inc.

In the news

CrowdForce raises $3.6M to increase access to cash for underserved communities in Nigeria | TechCrunchtechcrunch.com · Feb 2022

Frequently asked questions

What does CrowdForce do?
CrowdForce operates a mobile app enabling small merchants across Africa to function as banking service points without establishing formal branch infrastructure.
Who founded CrowdForce?
CrowdForce was founded by Oluwatomi Ayorinde, Damilola Ayorinde in 2017.
Who are CrowdForce's investors?
CrowdForce's investors include 500 Global, Asia Africa Investment & Consulting (AAIC), HAVAIC, MAGIC Fund, Ventures Platform, Y Combinator, AAIC, Aruwa Capital and 4 more.
How much funding has CrowdForce raised?
CrowdForce has disclosed $3.6M raised across 1 of its 2 known rounds.
Where is CrowdForce headquartered?
CrowdForce is headquartered in Abuja, NG.