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 →Most Nigerian businesses start with a payment gateway. They need to collect money from customers; a gateway does that, and for a while it is enough. Then the business grows. The vendor payment runs start taking days. Reconciliation at month-end becomes a manual exercise that takes the finance team three days to complete. International supplier … The Best Way to Collect and Make Business Payments in Nigeria Read More » The post The Best Way to Collect and Make Business Payments in Nigeria appeared first on Duplo .
The Nigeria Revenue Service set July 31, 2026, as the compliance deadline for all large taxpayers to complete onboarding to the National E-Invoicing and Electronic Fiscal System, transmit compliant invoices through the Merchant Buyer Solution platform, and receive only validated invoices containing a verified Invoice Reference Number from their suppliers. That deadline has passed. Large … NRS E-Invoicing Deadline: What Nigerian Businesses Need to Do Now Read More » The post NRS E-Invoicing Deadline: What Nigerian Businesses Need to Do Now appeared first on Duplo .
52% of Nigerian businesses suffered payment breakdowns in 2025. For most of them, the breakdown was not caused by a lack of funds. It was caused by a payment process that was too slow, too manual, and too fragmented to keep up with the volume and speed that vendor relationships require. There is a cost … How to Pay Vendors Faster and Maintain Supplier Relationships Read More » The post How to Pay Vendors Faster and Maintain Supplier Relationships appeared first on Duplo .
Every time a Nigerian business converts naira to dollars to pay a supplier, and then converts dollars back to naira when a customer pays, it absorbs two FX spreads on what is effectively a pass-through transaction. The naira went out as dollars. The dollars came back as naira. And somewhere between those two conversions, a … How to Hold, Send, and Receive in Dollars, Euros, and Pounds as a Nigerian Business Read More » The post How to Hold, Send, and Receive in Dollars, Euros, and Pounds as a Nigerian Business appeared first on Duplo .
Every time a Nigerian business converts naira to dollars to pay a supplier, and then converts dollars back to naira when a customer pays, it absorbs two FX spreads on what is effectively a pass-through transaction. The naira went out as dollars. The dollars came back as naira. And somewhere between those two conversions, a … How to Hold, Send, and Receive in Dollars, Euros, and Pounds as a Nigerian Business Read More » The post How to Hold, Send, and Receive in Dollars, Euros, and Pounds as a Nigerian Business appeared first on Duplo .
Picture the last time your finance team ran a payment cycle. Someone pulled up a spreadsheet with vendor names, account numbers, and amounts. Someone else logged into the bank portal. The portal had a session timeout. They logged back in. Each transfer was initiated individually. Some banks have a limit on how many transactions you … How to Pay 500 Vendors at Once Without Logging Into Five Different Banks Read More » The post How to Pay 500 Vendors at Once Without Logging Into Five Different Banks appeared first on Duplo .
Picture the last time your finance team ran a payment cycle. Someone pulled up a spreadsheet with vendor names, account numbers, and amounts. Someone else logged into the bank portal. The portal had a session timeout. They logged back in. Each transfer was initiated individually. Some banks have a limit on how many transactions you … How to Pay 500 Vendors at Once Without Logging Into Five Different Banks Read More » The post How to Pay 500 Vendors at Once Without Logging Into Five Different Banks appeared first on Duplo .
If you are running a business from Nigeria with international operations, you are probably losing 5 to 10% of every international transaction to fees you never budgeted for. On USD 100,000 in annual international payments, that is USD 5,000 to USD 10,000 disappearing quietly every year. Most of it is completely avoidable. All of it … Why Nigerian Businesses Are Losing Money on Every International Payment They Make Read More » The post Why Nigerian Businesses Are Losing Money on Every International Payment They Make appeared first on Duplo .
If you are running a business from Nigeria with international operations, you are probably losing 5 to 10% of every international transaction to fees you never budgeted for. On USD 100,000 in annual international payments, that is USD 5,000 to USD 10,000 disappearing quietly every year. Most of it is completely avoidable. All of it … Why Nigerian Businesses Are Losing Money on Every International Payment They Make Read More » The post Why Nigerian Businesses Are Losing Money on Every International Payment They Make appeared first on Duplo .
Nigerian businesses have long managed their finances across a patchwork of disconnected tools: spreadsheets for tracking spend, WhatsApp threads for approvals, email chains for invoices, with no single place to see the full picture. That is the problem Duplo was built to solve. And it is the same problem that brought Duplo and Wema Bank … Duplo and Wema Bank Partner to Give ALAT Business Customers a Connected Financial Operations Platform Read More » The post Duplo and Wema Bank Partner to Give ALAT Business Customers a Connected Financial Operations Platform appeared first on Duplo .
Lagos, Nigeria — 22nd July 2026 — Duplo, the leading financial operating system for African businesses, has officially entered into a strategic partnership with Wema Bank following a partnership signing ceremony held at Four Points by Sheraton, Victoria Island, Lagos. The partnership will enable businesses using the ALAT Business platform to automate and manage their … Duplo Partners with Wema Bank to Automate Financial Operations for ALAT Business Customers Read More » The post Duplo Partners with Wema Bank to Automate Financial Operations for ALAT Business Customers appeared first on Duplo .
What Are B2B Payments? Business-to-business (B2B) payments are financial transactions between businesses for goods or services. Unlike business-to-consumer (B2C) payments, where a customer buys a product and pays immediately, B2B payments involve more complexity, higher transaction values, extended payment terms, and multiple approval layers. Key Characteristics of B2B Payments Higher Transaction Values: B2B payments typically … B2B Payments in Africa: The Complete Guide to Business Payments, Challenges, and Solutions in 2026 Read More » The post B2B Payments in Africa: The Complete Guide to Business Payments, Challenges, and Solutions in 2026 appeared first on Duplo .
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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