OnePipe raises $3.5M seed round
OnePipe recently raised $3.5 million in seed funding co-led by Atlantica Ventures, Tribe Capital, and V&R Associates. The round also saw participation from Canaan Partners, Saison Capital, Norrsken, The Fund, and Two Culture Cap, along with existing investors like Chris Adelsbach, Techstars, Ingressive Capital, Acquity, P1, Raba, and DFS Lab. The company plans to use the capital raised to improve product offerings, acquire talent, and enter new markets.
“As businesses offer these financial services to customers who have trusted them over the years, these businesses drive stickiness while their customers on the other hand enjoy bespoke services from an entity who has a deep and familiar understanding of their financial needs. Essentially, OnePipe’s infrastructure drives a win-win relationship for the business, their customers and the financial institutions who have chosen to join the movement,” said OnePipe founder Ope Adeoye.
Founded in 2019, the company aggregates APIs from banks and fintechs into a single standardised gateway.
Commenting on the investment, Atlantica Ventures founding partner Aniko Szigetvari said, “OnePipe is deepening financial inclusion in the continent by extending financial services to currently informal, unbanked and underbanked businesses. In our view, embedded finance is the next enabler for both traditional and financial service businesses to increase customer loyalty and revenue by offering a wide range of third-party financial products and revenue streams for their customers.”
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