Pivo - About the company
Pivo is a seed company based in Middletown (United States), founded in 2021. It operates as a Digital bank for businesses. Pivo has raised $3.05M in funding from investors like Y Combinator, Trinity Ventures and Mercy Corps. The company has 263 active competitors, including 24 funded and 14 that have exited. Its top competitors include companies like Mercury, Brex and Tide.
Company Details
Digital bank for businesses. Its services include multi-currency business accounts, prepaid cards for online/offline purchases, bill payments, money transfers, and more. It features business loans, cross--border remittances, and acceptance. The application is available on Android and iOS platforms.
- Website
- pivo.africa
- Social
- Email ID
- *****@pivo.africa
- Phone Number
- +234 **********
Key Metrics
Founded Year
2021
Location
Middletown, United States
Stage
Seed
Total Funding
$3.05M in 4 rounds
Latest Funding Round
Investors
Ranked
34th among 263 active competitors
Employee Count
2 as on May 31, 2026
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Pivo's funding and investors
Pivo has raised a total funding of $3.05M over 4 rounds. Its first funding round was on Jan 11, 2022. Its latest funding round was a Seed round on Nov 21, 2022 for $*****. 11 investors participated in its latest round. Pivo has 15 institutional investors.
Here is the list of recent funding rounds of Pivo:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 21, 2022 | 1923276 | Seed | 8366222 | 4231900 | 9756067 | 6060752 |
Sep 06, 2022 | 6932541 | Grant (prize money) | 3146349 | 1583665 | 1472003 | |
2022 | 3128 | Seed | 8801 | 3621 | 4931 |
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Pivo's founders and board of directors
Founder? Claim ProfilePivo's employee count trend
Pivo has 2 employees as of May 26. Here is Pivo's employee count trend over the years:
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Pivo's Competitors and alternates
Top competitors of Pivo include Mercury, Brex and Tide. Here is the list of Top 10 competitors of Pivo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 83/100 | |
2nd | Brex 2017, San Francisco (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 81/100 | |
3rd |  Tide 2015, London (United Kingdom), Series C | Digital business banking platform | $181M | 80/100 | |
4th | BlueVine 2013, Redwood City (United States), Series F | Provider of business checking accounts, business loans, and business credit cards | $288M | 80/100 | |
5th |  OakNorth Bank 2015, London (United Kingdom), Series C | Digital bank empowering entrepreneurs and savers with smart tools | $962M | 74/100 | |
6th | Grasshopper Bank 2016, New York City (United States), Acquired | Provider of online internet first business bank | $219M | 73/100 | |
7th | Digital business banking platform that helps small businesses manage cash flow with multi-account structures | $102M | 72/100 | ||
8th | _1571204564284.png?devicePixelRatio=2&height=30&width=30){kind=logo} Rho Business Banking 2010, New York City (United States), Series B | Developer of a digital bank for businesses | $235M | 68/100 | |
9th |  Found 2019, San Francisco (United States), Series B | Accounting and bookkeeping management solutions for small businesses | $119M | 67/100 | |
10th |  Novo 2016, Miami (United States), Series C | Provider of a partnership-based digital banking platform | $298M | 66/100 | |
34th |  Pivo 2021, Middletown (United States), Seed | Digital bank for businesses | $3.05M | 35/100 |
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Pivo's Investments and acquisitions
Pivo has made no investments or acquisitions yet.
Reports related to Pivo
Here is the latest report on Pivo's sector:
News related to Pivo
•
Nigerian fintech startup Pivo shuts down 1 year after announcing a $2 million roundTechpoint.Africa•Dec 05, 2023•Pivo
•
Nigerian fintech startup Pivo raises $2m seed round to expand product offeringsDisrupt Africa•Nov 21, 2022•Pivo, Precursor Ventures, Y Combinator, Mercy Corps and 3 others
•
Nigerian fintech startup Pivo raises funding from MicrotractionDisrupt Africa•Jan 19, 2022•Pivo, Microtraction
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