# Pivo provides a bank account, a debit card and digital invoicing tools that track payments.

*fintech · news · 2022-11-24 · TechCrunch*

## Key points

- Pivo has closed a $2 million seed round to expand across Africa, targeting East Africa next.
- Pivo provides early payment, digital invoicing, and spend-tracking services specifically for freight carriers.
- Pivo Capital has disbursed over $3 million to SMEs with a 98% repayment rate since launch.
- Pivo is the first all-female founded Nigerian startup backed by Y Combinator and the second in Africa.
- Pivo plans to launch Pivo+, offering value-added features to become a full financial services platform.

**Companies:** Kobo360, MVX, Pivo, Lori Systems
**Countries:** Nigeria, Africa

[Read the full story on TechCrunch](https://techcrunch.com/2022/11/24/pivo-powers-up-nigerian-freight-carriers-with-a-bespoke-digital-bank-gets-2m-seed-funding/)

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