Nigeria's Thankucash Secures $5.3m to Build Infrastructure for Cashback, Deals and BNPL Services

Loyalty, deals and rewards services are a rarity in most African markets. The unit economics and other factors such as currency instability make such businesses hard to pull off in the region.

Yet, ThankUCash, a platform launched in 2018 by Connected Analytics, has managed to thrive, proving that not all is gloom in the deals, coupon and rewards business. And to that end, the startup, which announced an undisclosed seven-figure seed last year, has finally closed the round at $5.3 million.

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