Showlove, a Lagos-based social platform for gifting, has raised $300,000 in pre-seed capital as the first iteration of its product goes live. The funding came from Fedha Capital and other angel investors.
“Before now people were paying for gifts using debit cards, USSD and bank transfers. Now we are introducing a wallet that really simplifies that process, you can basically pay for anything or accept payments with your wallet. And if buying gifts isn’t your cup of tea, you can send cash to your friends at zero cost,” said co-founder Chikodi Ukaiwe.
A Look At What The Startup Does
Showlove, founded in 2020 by Chikodi Ukaiwe (a former Jumia staff), Joshua Biyere, and Seye Bandele, simplifies the process of requesting, giving, and receiving presents and cash, as well as assisting African businesses in marketing their products and services.
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The company aspires to establish a fun community, or social network, where people can express their wants and needs with a small group of people or the general public. Thousands of merchants, SMEs, and hypermarkets are also connected via APIs.
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Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer