Delaware, United States
Capsa Technology Inc, founded in 2019, is a promising fintech startup addressing the financial needs of SMEs in Africa, with an initial focus on Nigeria. Billing itself as "The Amazon for Invoices in Africa", Capsa provides a critical platform for businesses seeking rapid access to cash by transforming unpaid invoices into working capital through its service, Getcapsa.com.
The innovative solution leverages the global financial practice of factoring—selling a business's receivables to a third-party factor. This offers SMEs quick liquidity within 48 hours, bypassing the traditional 30-120 day payment cycle. Businesses benefit from reduced days sales outstanding (DSO), enhanced working capital, improved borrowing capacity, and minimized credit risk, all at lower costs than traditional invoice discounting methods.
Headquartered in the United States, Capsa Technology secured a $120.00K Pre Seed Round investment on 12 September 2022 from Techstars, showcasing investor confidence in its market potential and growth trajectory.
