When was Prospa founded?

Prospa was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Prospa located?

Prospa is headquartered in Lagos, Nigeria.

How many employees does Prospa have?

As of Jun 30, 2026, the latest employee count at Prospa is 39.

Is Prospa a funded company?

Prospa is a funded company, having raised a total of $3.92M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 24, 2021.

When was the latest funding round of Prospa?

Prospa's latest funding was a $***** Seed round on Sep 08, 2021, with participation from 6 investors. Its primary sector is Banking Tech. Globally, the Banking Tech sector has seen $2.75B in funding in 2026 to date.

Where does Prospa rank among its competitors?

Prospa ranks 2nd amongst 18 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Crediometer, which secured $20K in Jan, 2023.

Who are the top competitors of Prospa?

Prospa's top competitors include Brass, Aladdin and Raven Bank. Among them, Crediometer secured the most recent funding round in January, 2023.

Prospa - 2026 Company Profile, Funding & Competitors

Prospa is a seed company based in Lagos (Nigeria), founded in 2019. It operates as a Digital bank for individuals. Prospa has raised $3.92M in funding from investors like Y Combinator, Global Founders Capital and Liquid 2 Ventures. The company has 18 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Brass, Aladdin and Raven Bank.

Company Details

Digital bank for individuals. Its services include current accounts, money transfers, bill payments, cash withdrawals, NFC-enabled debit cards for online/offline purchases, and more. It also offers a specialized account for large-scale transactions. The application is available on Android and iOS platforms.

Website: getprospa.com
Social
Email ID: *****@getprospa.com
Phone Number: +234 **********
Part Of

Key Metrics

Founded Year

2019

Location

Lagos, Nigeria

Stage

Seed

Total Funding

$3.92M in 2 rounds

Latest Funding Round

Seed, Sep 08, 2021, $*****

Investors

Y Combinator & 9 more

Ranked

2^nd among 18 active competitors

Employee Count

39 as on Jun 30, 2026

Similar Companies

Mercury & 188 more

View Prospa's full profile

Prospa has raised a total funding of $3.92M over 2 rounds. Its first funding round was on Mar 24, 2021. Its latest funding round was a Seed round on Sep 08, 2021 for $*****. 6 investors participated in its latest round. Prospa has 6 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Prospa:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 08, 2021	9939420	Seed	7844254	9660500	9691456	7347960
Mar 24, 2021	8965247	Seed	5880437	3598695	Y Combinator	5129067

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View details of Prospa's funding rounds and investors

Prospa's employee count trend

Prospa has 39 employees as of Jun 26. Here is Prospa's employee count trend over the years:

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Top competitors of Prospa include Brass, Aladdin and Raven Bank. Here is the list of Top 10 competitors of Prospa, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brass 2019, Lagos (Nigeria), Acquired	Digital bank for businesses	$1.7M	Acuity Ventures, Ventures Platform & 5 others	54/100
2nd	Prospa 2019, Lagos (Nigeria), Seed	Digital bank for individuals	$3.92M	Global Founders Capital, Y Combinator & 8 others	49/100
3rd	Aladdin 2020, Lagos (Nigeria), Seed	Internet-first bank through banking partnership	-	Arrowshare Ventures, Expert DOJO	48/100
4th	Raven Bank 2020, Lekki (Nigeria), Unfunded	Internet first bank through partnership for retail and business banking	-	-	37/100
5th	Fundall 2019, Lagos (Nigeria), Acquired	Digital bank for individuals & businesses	$150K	Black Knight	36/100
6th	Crediometer 2020, Akure (Nigeria), Seed	Digital bank for startups and growing businesses	$20K	Techstars, TVC Labs	31/100
7th	Sterling Alternative Finance 1960, Lagos (Nigeria), Unfunded	Digital bank for consumers & businesses	-	-	30/100
8th	Solve.money 2019, Lagos (Nigeria), Funding Raised	Digital bank for businesses	-	Luno Expeditions	28/100
9th	RADA 2020, Nigeria, Unfunded	Multi-currency digital bank accounts for freelancers, businesses, and online sellers	-	-	24/100
10th	Purple Money 2014, Lagos (Nigeria), Unfunded	Digital bank for women-led businesses	-	-	21/100