Tendelo

Tendelo

Africa has too much cash and micro-enterprises lose valuable data in cash transactions; Tendelo's micro app and Cash Watch offer solutions.

Founded 2020 Pre-Seed Total: $30.00K Financial Services, Fintech +1

Tendelo, a fintech startup founded in 2020, aims to tackle the issue of excessive cash circulation in Africa, where nearly 95% of micro-enterprise transactions are cash-based. The reliance on cash leads to the loss of valuable financial data, hindering access to affordable loans and critical services for millions of micro-enterprises in Sub-Saharan Africa. Tendelo offers a comprehensive solution through its micro app and Cash Watch, leveraging speech technology and QR payments to provide micro-enterprise owners with insights into their finances, QR payment acceptance, and access to affordable financial services. The Tendelo micro app enables micro-enterprises to efficiently manage their sales, expenses, and debtor accounts. In August 2021, Bethnal Green Ventures made a £30.00K Pre Seed Round investment in Tendelo, recognizing the potential of its innovative solutions for the financial services and information technology industries. Tendelo's initiative to address the challenges of cash-based transactions in Africa presents a promising opportunity for impact-driven investors seeking to support fintech solutions in emerging markets. With its focus on leveraging technology to empower micro-enterprises, Tendelo is poised to make a meaningful difference in the financial inclusion landscape of Sub-Saharan Africa.

Funding Stage	Amount	Investors	Lead Investors	Date
Pre Seed Round	£30.00K	1	Bethnal Green Ventures	06 Aug 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Pre Seed Round

£30.00K

Bethnal Green Ventures

06 Aug 2021

FAQ About Tendelo

Africa has too much cash and micro-enterprises lose valuable data in cash transactions; Tendelo's micro app and Cash Watch offer solutions.

Tendelo was founded in 2020.

Tendelo operates in Financial Services, Fintech and Information Technology. Its work centres on micro-enterprises, cashless transactions, financial inclusion and QR payments.

Tendelo has completed 1 funding round, raising a total of $30.00K. The latest funding stage is Pre-Seed.

Top alternatives and competitors to Tendelo include MarketForce, Accelerex, Abba Payments, Tanda, 1K Africa. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Tendelo and MarketForce 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.

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