Ghanaian-based fintech firm, OZÉ, has announced that the startup has secured a $3 million Pre-Series A Round. OZÉ offers medium and small enterprises with digital recordkeeping technologies with integrated financial solutions.

In this round of funding, Cathay AfricInvest Innovation Fund, Savannah Capital, and other undisclosed angel investors were key participants in the funding which was led by European early-stage VC Speedinvest.

This development is also coming after the startup had earlier received $700,000 in startup funding in 2021.

READ ALSO - TLcom Raises First Close of $150M Pan-African Tech Fund

OZÉ has a customer base of over 125,000 company owners in Nigeria and Ghana. That number, however, is a piece of cake for a continent that accounts for more than 100 million small companies in West Africa.

The startup's software assists these medium and small enterprises in keeping track of revenues, expenditures, payments, collections, and client information.

This information is evaluated to deliver customized insights, reports, daily business suggestions, monthly business workshops, and availability to an on-demand business trainer to businesses.