17-year-old identification solutions startup Seamfix has raised $4.5 million from its first institutional investor, Alitheia IDF, in order to grow its operations outside of Nigeria.
This was made known by Chimezie Emewulu, the company’s co-founder and CEO, who said that Seamfix has decided to start expanding to other countries so that it can earn more in forex.
He also mentioned that the naira’s volatility had an effect on the company’s sales growth in dollars; therefore, it raised funds to expand into more stable African markets.
