Nigerian Startup ThankUcash Secures Funding From Global VC, 500 Startups’ Mentor, Brandon Drew
Good news for Nigeria’s leading multi-merchant rewards company ThankUcash which has announced that serial investor and founder Brandon L Drew has joined the company as an investor and advisor.
“Brandon has an unquestionable depth of experience and knowledge not many people can boast of, which is pivotal to the current phase we are in. It is a pleasure to have him onboard and we are sure to achieve great things together with him,” CEO Simeon Ononobi said.
Here Is What You Need To Know
- The latest development comes as Google executive Craig Fenton (Strategy and Operations Lead for Google’s business in UK, Ireland, and Southern Europe) also joins ThankUCash’s board at a time the company is gearing for local and international expansion.
Why The Investor Invested
Brandon L Drew is currently the co-founder and General Partner at Saas Growth Ventures, a San Francisco based venture fund. He has 20+ years experience in the SaaS B2B space having been a co-founder/co-founding employee of 5 organizations with 3 exits to date.
Some of the companies Drew has served on as advisor and board member includes Vidcaster, Signal Zero, Lotadata to name a few.
He is also a mentor at the renowned 500 Startups, Highway1 IoT and an active speaker at various star-ups competitions globally. He has also lectured at Universities and is currently mentoring on Entrepreneurship at University of California and the California Polytechnic State University SLO.
“I have been exceptionally impressed with the entire executive team at ThankuCash. They have had great insight into the marketplace and their speed of iteration on the product is like none I have seen before. I look forward to seeing their product grow well beyond the current geo and move towards a global brand,” Brandon Drew said while sharing his excitement on joining ThankUCash ’s board.
Read also: Why More South African Startups Raised Funds In 2019
A Look At What ThankUCash Does
ThankUCash, founded by Madonna Ononobi, Simeon Ononobi and Suraj Supekar in 2018, helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction made both offline and online. The startup currently operates out of three locations Lagos, San Francisco and Pune. In 2020, ThankUCash was the only African startup admitted into the 26th batch of 500 startups, one of the world’s most renowned accelerator programs.
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