What they do:

Recital Finance is a comprehensive financial operations platform that addresses the critical challenges faced by growing businesses, fintechs, and neobanks in Africa..

Recital offers a suite of modules designed to streamline and automate financial processes, including payment orchestration, automated reconciliation, centralized banking reporting, chargeback recovery, transaction monitoring, and accounting.

Why we invested:

The fintech “Software-as-a-Service” market is expected to experience significant expansion starting from 2023. It is projected to increase from $10.5 billion in 2023 to $676.9 billion by 2028, and the market is expected to grow at a staggering 16.9% CAGR.

Recital Finance is positioning itself as a business-friendly company enabling innovative financial operations. By offering a modular, comprehensive solution, they cater to businesses at various growth stages, from emerging fintechs to established corporates.

The Founder:

Cleopatra Douglas is a Co-Founder of Recital Finance. She was previously the head of Application development and Business Intelligence at GTB Bank and was also a Core Engineer at Flutterwave.

Bobola Ojo-Ami is a Co Founder of Recital Finance. He is a second time founder/Operator and is most recently the head of Global Marketing for UltaHost

Active in:

Nigeria