Company Overview
About Duplo
Duplo is a Nigerian B2B fintech company providing an integrated platform for African businesses to automate payables, receivables, and corporate expense management — enabling companies to pay suppliers via automated payment rails, collect from customers through digital payment links, and manage employee expense cards with controls and reporting. Founded in 2021 and backed by Y Combinator, Oui Capital, and Liquid 2 Ventures with $5.6 million raised, Duplo operates across Nigeria, Ghana, Kenya, Côte d'Ivoire, and South Africa with multi-currency support.
Business Model & Competitive Advantage
Duplo's platform addresses the fragmented B2B payment infrastructure in African markets where businesses still rely heavily on bank transfers initiated through multiple bank portals, paper checks, and informal reconciliation processes. The accounts payable automation enables bulk payment uploads with approval workflows, the accounts receivable product generates payment links that customers pay via mobile money, bank transfer, or card, and the expense management product issues virtual and physical corporate cards with spend controls. The multi-currency support across USD, GBP, EUR, and local currencies addresses the cross-border payment needs of African businesses with international suppliers or customers.
Competitive Landscape 2025–2026
In 2025, Duplo competes in the African B2B payments and financial operations market with Paystack (Stripe-acquired, primarily consumer payments), Flutterwave, and emerging B2B fintech platforms for African corporate payment automation. The African B2B payments market is substantially underserved by international platforms that don't integrate with local payment rails (M-Pesa, mobile money networks, local bank APIs) — Duplo's local-first approach provides the rail coverage that matters for African businesses. The 2025 strategy focuses on growing enterprise accounts (companies with 50+ employees processing significant payment volume), expanding geographic coverage across more African markets, and adding working capital and lending products that help businesses manage cash flow alongside payment operations.
Recent Activity
View all →Electronic payment transactions in Nigeria hit an all-time high of ₦1.07 quadrillion in 2024, a 79.6% increase from the previous year. With that volume moving through Nigerian payment gateways, even a 1% revenue leak represents billions of naira in avoidable losses. Your payment gateway is processing transactions. Money is moving. The bank account is updating. … The 6-Point Payment Gateway Audit Every Nigerian B2B Finance Team Should Run Read More » The post The 6-Point Payment Gateway Audit Every Nigerian B2B Finance Team Should Run appeared first on Duplo .
B2B payment fraud in Nigeria is not a rare event. Unauthorised POS fraud accounted for nearly 25% of reported fraud cases in Nigeria in 2024. Web-based payment fraud made up another 17%. And these are only the cases that get reported. For Nigerian businesses, the stakes are higher than they are for consumer fraud. A … B2B Payment Fraud in Nigeria: How It Happens and How to Stop It Read More » The post B2B Payment Fraud in Nigeria: How It Happens and How to Stop It appeared first on Duplo .
Most businesses think of a payment gateway as the tool that collects money. The right payment gateway does something more valuable: it reconciles that money automatically, the moment it arrives, without anyone on your finance team touching it. For African B2B businesses processing dozens or hundreds of transactions a week, that distinction is worth more … How the Right Payment Gateway Cuts Reconciliation Time by 10+ Hours a Week Read More » The post How the Right Payment Gateway Cuts Reconciliation Time by 10+ Hours a Week appeared first on Duplo .
If you run a business in Africa that accepts payments from other businesses, one decision quietly shapes everything else in your financial operations: which payment gateway you use, and how well it fits the way B2B transactions actually work on this continent. Most payment gateway guides are written for e-commerce merchants, i.e., consumer-facing businesses selling … The Ultimate Guide to Payment Gateways in Africa: How They Work & Top Options (2026) Read More » The post The Ultimate Guide to Payment Gateways in Africa: How They Work & Top Options (2026) appeared first on Duplo .
The NRS e-invoicing mandate is a single regulatory framework, but it will affect different types of businesses in very different ways. A fast-growing fintech with a modern API-first stack faces a completely different implementation challenge from a traditional SME running its finances on spreadsheets. A large enterprise managing multiple entities, suppliers, and ERP systems must … How NRS E-Invoicing Affects SMEs, Enterprises, Fintechs, and Marketplaces Read More » The post How NRS E-Invoicing Affects SMEs, Enterprises, Fintechs, and Marketplaces appeared first on Duplo .
The NRS e-invoicing mandate is well-intentioned, technically sound, and modelled on proven global frameworks. It is also genuinely challenging to implement, especially for businesses that haven’t modernized their financial operations in years. Here are the top challenges Nigerian businesses will face with NRS e-invoicing, and how to navigate them. Challenge 1: Legacy Systems That Can’t … Top Challenges Businesses Will Face with NRS E-Invoicing (And How to Overcome Them) Read More » The post Top Challenges Businesses Will Face with NRS E-Invoicing (And How to Overcome Them) appeared first on Duplo .
For decades, Nigerian businesses have operated with invoicing processes that range from handwritten receipts to PDFs sent via email and WhatsApp. A few still use physical invoice books. The NRS e-invoicing mandate changes all of that fundamentally. But what exactly is different? And beyond compliance, which approach actually serves your business better? This is a … NRS E-Invoicing vs Traditional Invoicing: What Nigerian Businesses Need to Understand Read More » The post NRS E-Invoicing vs Traditional Invoicing: What Nigerian Businesses Need to Understand appeared first on Duplo .
If you’ve been reading about NRS e-invoicing and confused by terms like “IRN,” “QR code validation,” “UBL format,” or “CTC clearance model,” you’re not alone. Most compliance guides jump straight to deadlines without explaining what the system actually does and why it works the way it does. This article breaks it all down, plainly, so … IRN, QR Codes, and Real-Time Validation Explained: The Technical Side of NRS E-Invoicing Read More » The post IRN, QR Codes, and Real-Time Validation Explained: The Technical Side of NRS E-Invoicing appeared first on Duplo .
There is a version of this story that plays out badly: a business carries on issuing PDF invoices the way it always has, assuming the NRS e-invoicing mandate is someone else’s problem, or that enforcement will be soft. Then audits begin, penalties land, VAT claims are rejected, and a regulatory issue turns into a financial … What Happens If You Don’t Comply with NRS E-Invoicing? Read More » The post What Happens If You Don’t Comply with NRS E-Invoicing? appeared first on Duplo .
The NRS e-invoicing mandate is an active regulatory requirement that is already reshaping how Nigerian businesses issue and receive invoices. If your business falls in the medium taxpayer category (annual turnover between ₦1 billion and ₦5 billion), your July 2026 go-live deadline means your preparation window is narrower than you think. This step-by-step guide shows … How to Comply with NRS E-Invoicing in Nigeria: A Step-by-Step Guide Read More » The post How to Comply with NRS E-Invoicing in Nigeria: A Step-by-Step Guide appeared first on Duplo .
If you run a business in Nigeria and haven’t heard about NRS e-invoicing yet, now is the time to pay attention. The Nigeria Revenue Service (NRS) has launched a mandatory electronic invoicing system (the Merchant Buyer Solution (MBS)) and depending on your annual turnover, the deadline to comply may be closer than you think. This … NRS E-Invoicing Requirements: What Your Business Needs to Be Compliant Read More » The post NRS E-Invoicing Requirements: What Your Business Needs to Be Compliant appeared first on Duplo .
Material Event filed 2026-05-04
Key Differentiators
Emerging Innovator
Duplo is an emerging player bringing innovative solutions to the Finance market.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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