Nigeria’s Juicyway raises $3 million to help businesses solve FX shortage problem
- Juicyway raised $3 million in pre-seed funding.
- The startup plans to expand its marketing and business development teams.
- Juicyway has processed $1.3 billion in total payment volume.
Juicyway's innovative approach to cross-border payments addresses a significant gap in the market, particularly for Nigerian businesses facing challenges with foreign currency access. The combination of traditional and decentralized finance solutions positions Juicyway as a forward-thinking player in the fintech space. However, the sustainability of its business model and the competitive landscape will be crucial for its long-term success.
