Duplo logo — Spend Management and Global Payments for Corporates

Duplo

Spend Management and Global Payments for Corporates

Founded 2021 Nigeria Lagos, Nigeria 75 employees Seed Total: $6.20M B2B, Finance +2

General Information

Company Name Duplo
Founded Year 2021
Location Nigeria Lagos, Nigeria
Employees 75
Industries B2B, Finance, Fintech +1
Funding Stage Seed
Business Model B2B, SaaS, Platform
Revenue Model Transaction Fee, Subscription, Usage Based
Social

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About Duplo

Duplo, founded in 2021, operates out of Nigeria and caters to the B2B, Finance, Fintech, and Payments industries. The company's slogan, "Spend Management and Global Payments for Corporates", succinctly captures its mission. Duplo provides businesses with a platform designed to simplify both local and international payments, expense management, and foreign exchange. Tailored for global commerce, its services are particularly focused on enabling businesses to expand their reach across emerging markets.

The platform's capabilities include comprehensive financial operation management, with functionalities such as multi-currency wallets, AI-powered fraud detection, and direct debit functionalities, fostering efficient international transactions, especially between Africa and Asia. Notably, Duplo's platform also creates a two-sided network bridging buyers and suppliers. Backed by licenses like PSSP, FINTRAC, FINCEN 2025, and IMTO, it ensures secure international transactions.

In its last round of investment—a Seed Round on 01 January 2023—Duplo attracted interest from Pioneer Fund. As an early entrant led by experienced leadership, Duplo is positioned to equip businesses with the tools necessary to navigate today's interconnected economic landscape, enhancing their financial operations while unlocking growth opportunities.

Business keywords: Spend Management, Global Payments, Expense Management, Financial Operations, Foreign Exchange, Multi-Currency Wallets, Cross-Border Trade, Fraud Detection, Direct Debit Functionality, ERP Integration, B2B Payments, Payment Compliance, API Solutions, Embedded Payments

Services & Products

Automated Expense Management
Local and International Payment Solutions
Compliance-ready E-invoicing
Approval Workflows for Payments
Financial Reporting and Analytics
Integration with ERP Systems
Multi-currency Wallet Solutions
API-supported Payment Processes

Target Customers

Finance Teams SMEs Mid-market Enterprises Large Enterprises Companies with Global Payment Needs Businesses Seeking Financial Automation

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round Undisclosed 1
Pioneer Fund
01 Jan 2023
Seed Round $4.90M 8
Oui Capital, Soma Capital +6
31 Aug 2022
Seed Round Undisclosed 1
Globivest
05 Apr 2022
Pre Seed Round $1.30M -
10 Feb 2022
Pre Seed Round Undisclosed -
01 Sep 2021

Duplo Alternatives & Competitors

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Duplo vs
Finmo
Finmo Singapore

Revolutionizing Global Payments and Treasury Management—Secure, Seamless, and Smarter.

Series A
126 employees
Financial Services, Fintech
Duplo vs
Orbital
Orbital Gibraltar

Bringing stablecoin speed to traditional B2B and B2C payments — all in one global platform.

Venture round
303 employees
Blockchain, Crypto
Duplo vs
XTRM Inc.
XTRM Inc. United States

The intelligent way to receive, exchange, embed and send global payments.

38 employees
Computing, Finance

FAQ About Duplo

Spend Management and Global Payments for Corporates
Duplo was founded in 2021.
Duplo is headquartered in Lagos, Nigeria.
Duplo operates in B2B, Finance, Fintech and Payments. Its work centres on Spend Management, Global Payments, Expense Management and Financial Operations. Its customers include Finance Teams, SMEs and Mid-market Enterprises.
Duplo has a B2B, SaaS and Platform business model. Its revenue comes from Transaction Fee, Subscription and Usage Based.
Duplo has approximately 75 employees.
Duplo has completed 5 funding rounds, raising a total of $6.20M. The latest funding stage is Seed.
Duplo offers: Automated Expense Management, Local and International Payment Solutions, Compliance-ready E-invoicing, Approval Workflows for Payments, Financial Reporting and Analytics, Integration with ERP Systems, Multi-currency Wallet Solutions, API-supported Payment Processes.
Top alternatives and competitors to Duplo include Finmo, Orbital, XTRM Inc., Genome, Hedgewiz. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Duplo and Finmo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Duplo, https://bouncewatch.com/company/duplo, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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