Six co-invest with Bezos company

A consortium of six investors has backed an early-stage investment into a Nigeria-based financial services technology company, investing alongside a Bezos Expeditions portfolio company.

Raba Partnership has partnered with five investors to back a $2.1 million seed funding round in Thepeer, investing alongside Rallycap.

This seed round brings Thepeer’s capital raise to $2.32 million since inception.

The investors are joined on the deal by Timon Capital, BYLD, Musha Ventures, Uncovered Fund and Musha Ventures.

Sunu Group, a Côte d’Ivoire-based financial services company is backing the funding round as a strategic investor.

Other strategic investors include Chipper Cash, a Bezos Expeditions backed Africa-focused financial services technology company. Bezos Expeditions first backed Chipper Cash in 2021, investing in a $100 million series-C funding round. Bezos Expeditions is an investment platform set up by Amazon founder, Jeff Bezo in 2005 to back deals globally.

Stitch, a PayPal Ventures backed South Africa-based financial services technology company is also backing the funding round as a strategic investor.

George Rzepecki [pictured] is general partner at Raba Partnership.

Headquartered in Lagos, Thepeer is a software company that offers a payment processing platform for corporate clients across Nigeria.