# Duplo

**Source:** https://geo.sig.ai/brands/duplo  
**Vertical:** Finance  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** tryduplo.com  
**Last Updated:** 2026-04-14

## Summary

Nigerian B2B fintech automating payables, receivables, and expense management across 5 African countries; YC-backed multi-currency platform competing with Flutterwave for African B2B payments.

## Company Overview

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.\n\nDuplo'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.\n\nIn 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.

## Frequently Asked Questions

### What is Duplo?
Duplo is a Nigerian fintech company founded in 2021 that positions itself as 'Venmo for B2B' in Africa. The platform provides businesses with an integrated solution to automate payables, receivables, and expense management while enabling fast, affordable cross-border payments across multiple currencies.

### What products and services does Duplo offer?
Duplo offers B2B payment automation, cross-border transaction services, and integrated payables, receivables, and expense management. The platform supports transactions in multiple currencies including USD, GBP, EUR, CAD, and other major currencies across several African countries.

### Who is Duplo designed for?
Duplo is designed for businesses operating in Africa that need to manage B2B payments, cross-border transactions, and automate their payables, receivables, and expenses. The platform serves the African business payments market.

### When was Duplo founded?
Duplo was founded in 2021 and participated in Y Combinator's W22 batch.

### Where is Duplo based and where does it operate?
Duplo is based in Lagos, Nigeria. The company is operational in Nigeria with expanding cross-border payment coverage across Ghana, Kenya, Côte d'Ivoire, and South Africa.

### How much funding has Duplo raised?
Duplo has raised $5.6M in total funding, consisting of a $1.3M pre-seed round in February 2022 and a $4.3M seed round in August 2022. Investors include Oui Capital, Y Combinator, and Liquid 2 Ventures.

### What are Duplo's key achievements?
Duplo has successfully raised $5.6M in funding, expanded operations across five African countries, and established thought leadership in the B2B payments space. The company launched the third edition of its B2B payments report in August 2024.

### What currencies does Duplo support?
Duplo supports international transactions in USD, GBP, EUR, CAD, and other major currencies. This multi-currency support enables businesses to conduct cross-border payments across Africa and internationally.

### What is Duplo's approach to B2B payments?
Duplo positions itself as 'Venmo for B2B' in Africa, focusing on payment automation and cross-border transaction capabilities. The platform provides an integrated solution that combines payables, receivables, and expense management in one system.

### What recent developments has Duplo announced?
Duplo launched the third edition of its B2B payments report in August 2024, titled 'The State of Cross-Border B2B Payments in Africa and its Impact on Trade.' The company has also been expanding its cross-border payment coverage across Ghana, Kenya, Côte d'Ivoire, and South Africa.

## Tags

b2b, fintech, payment-processing, africa, startup, api-first

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*