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, MAGIC Fund, Ventures Platform, Y Combinator, Aruwa Capital.

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.

CrowdForce

AcquiredYC W20 500 Global

Abuja, NG · Founded 2017 · 41 employees · 9 known investors

Find your way into CrowdForce

1,262 people in our graph share verified history with the CrowdForce team — schools, employers, funds. One of them is your warm intro.

John Torreyunlockedknows Oluwatomi Ayorinde · together at SAP (overlapped)

×2knows the team · via Stanford University Graduate School of Business

×2knows the team · via SAP

×7knows the team · via Y Combinator

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

Fintech GovTechNigeriaAfrica

Founders & leadership· Y Combinator alumni (W20)

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

Oluwatomi Ayorinde inFounder / 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.

Damilola Ayorinde inCo-Founder/COOHe previously founded and served as COO of Mobile Forms, a mobile data collection company, and worked as a project manager.

Investors · 9

500 GlobalSan Francisco · $150K

HAVAICCape Town

MAGIC FundLos Angeles · $50K – $5M

Ventures PlatformAbuja · $50K – $1M

Y CombinatorSan Francisco · $500K

Aruwa CapitalreportedLagos

Also in the syndicate · 3

AAICAAIC HoldingsHAVAÍC

Funding

SEC filings, press & company announcements

$3.6M disclosed across 1 of 2 rounds · 2022

Undisclosed amountSeries AMar 2022
Source ↗
$3.6Mpre-Series AFeb 2022 · 4 sources
Aruwa Capital Management (lead), AAIC, AAIC Holdings, HAVAÍC
Source ↗

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

In the news

CrowdForce raises $3.6M during Series A - Ventureburnventureburn.com · Mar 2022

CrowdForce, a Nigerian agency banking startup, has raised US$3.6 million in a pre-Series A round | Radarr Africaradarr.africa · Feb 2022

Nigerian agency banking startup CrowdForce raises $3.6m pre Series A round - Disrupt Africadisruptafrica.com · Feb 2022

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

Nigeria's CrowdForce gets $3.6m to scale its agency banking businesstechcabal.com · Feb 2022

Backed 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, MAGIC Fund, Ventures Platform, Y Combinator, Aruwa Capital.
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.