Fundraising Fox

CrowdForce

AcquiredYC W20500 Global

Abuja, NG · Founded 2017 · 41 employees · 5 known investors

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 AyorindeinFounder / 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 AyorindeinCo-Founder/COO

Investors · 5

500 GlobalSan Francisco · $150K
HAVAICCape Town
Ventures PlatformAbuja · $50K – $1M
Y CombinatorSan Francisco · $500K
MAGIC FundreportedLos Angeles · $50K – $5M

In the news

CrowdForce raises $3.6M during Series A - Ventureburnventureburn.com · Mar 2022CrowdForce, a Nigerian agency banking startup, has raised US$3.6 million in a pre-Series A round | Radarr Africaradarr.africa · Feb 2022Nigerian agency banking startup CrowdForce raises $3.6m pre Series A round - Disrupt Africadisruptafrica.com · Feb 2022CrowdForce raises $3.6M to increase access to cash for underserved communities in Nigeria | TechCrunchtechcrunch.com · Feb 2022Nigeria's CrowdForce gets $3.6m to scale its agency banking businesstechcabal.com · Feb 2022Backed by Y Combinator, Nigerian agency banking startup CrowdForce raises $3.6m pre-Series A round | Business Insider Africaafrica.businessinsider.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, HAVAIC, Ventures Platform, Y Combinator, MAGIC Fund.
Where is CrowdForce headquartered?
CrowdForce is headquartered in Abuja, NG.