Startups
Building digital financial solutions for small businesses one app at a time.
Creators of Sabi app an
Creators of Sabi app an
Overview
Location
Nigeria, Lagos State, Yaba
Employees
11-50
Phone
+234 913 111 1166
Total raised
$5.5M
Investors 3
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 8, 2023 | TLcom Capital | tlcomcapital.com |
| Jun 25, 2025 | Everywhere Ventures | everywhere.vc |
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 6
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jul 8, 2025 | 15 African AI startups Selected for Google for Startups Accelerator Africa | Fifteen high‑impact, AI‑focused startups from seven African nations have been selected for Google for Startups Accelerator: Africa Class 9, a rigorous three‑month hybrid acceleration program that runs from June 23 to August 22, 2025. These ... |
| Aug 13, 2024 | AI Takes Center Stage in the Fight Against Financial Fraud: Pastel Africa Convenes Industry Leaders | L-R: Anthony Amodu, CRO, Pastel Africa; Emmanuel Akeni, Head Systems Audit, Credit Direct; Oluwaseyi Ojedokun, Div. Head, Information Systems and Security Audit, Interswitch Group; Femi Jaiyeola, Group CCCO Access Bank; Dr. Muhammad Jiya, C... |
| Oct 10, 2023 | TLcom announces Africa Tech Female Founder Summit 2023 | TLcom Capital, the Africa-focused venture capital firm, has officially announced its fifth annual Africa Tech Female Founder Summit, which will be held on Tuesday 14th November 2022 in Lagos, Nigeria. The headline session will feature a fir... |
| Aug 15, 2022 | Pastel, a Nigerian bookkeeping and digital platform for merchants, raises $5.5M led by TLcom | There’s no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million busines... |
| Aug 15, 2022 | Pastel locks in $5.5 million seed funding led by TLcom to optimise African SMEs | 80% of Nigeria’s 40 million micro, small and medium enterprises (MSMEs) fail to last beyond their fifth year, owing to a lack of digitisation and sub-optimal business practices. 3 graduate students at Stanford University: Abuzar Royesh, Ola... |
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FAQ about Pastel
How much funding has Pastel raised?
Pastel has raised $5.5M in total across 1 funding round.
Who has invested in Pastel?
Parsers VC lists 3 investors of Pastel, among them Everywhere Ventures and TLcom Capital.
What has the press written about Pastel?
Parsers VC has collected 6 articles mentioning Pastel, among them “15 African AI startups Selected for Google for Startups Accelerator Africa” (Jul 8, 2025) and “AI Takes Center Stage in the Fight Against Financial Fraud: Pastel Africa Convenes Industry Leaders” (Aug 13, 2024).
Is Pastel still active?
Yes, Pastel is active; its latest activity on Parsers VC dates from Jul 30, 2025.