Zuvy provides invoice financing to small businesses—particularly FMCG vendors servicing large chains—by advancing cash upfront against receivables and offering free invoice and purchase-order management software. The platform integrates with WhatsApp so vendors can generate and send invoices without accessing a separate app, while buyers benefit from reduced pen-and-paper errors and streamlined procurement. Vendors can receive advance payments within 24–48 hours, addressing the common 30–60-day receivables gap that ties up working capital. Founded in 2021 by Angel Onuoha (CEO) and Ahmad Shehu (CTO), Zuvy focuses on building a tech stack to scale invoice factoring across Africa. The company plans to expand across Nigeria first and then into other African markets in the near future. It recently secured $4.5 million in mixed debt and equity to fund that expansion and meet growing vendor demand.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2023