Renda concludes pre-seed debt and equity round

Nigerian fulfilment solutions startup Renda has completed a USD 1.9mn pre-seed funding round comprised of debt (USD 600,000) and equity (USD 1.3mn) to expand in more cities in its home market and East Africa.

Supporting the equity round were Techstars Toronto, Founders Factory Africa, Magic Fund, Golden Palm Investments, Reflect Ventures and Vastuly Valuable Ventures. The debt round was supported by Founders Factory Africa and SeedFi.

The company was co-founded in 2021 by Ope Onaboye and Bimbo Onaboye. The company expanded into Kenya in 2023.