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Pastel

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Year established

2019

Location

Lagos Nigeria

Primary Industry

Financial Services

About

Based in Nigeria, and founded in 2019, Infinity Labs Ltd. doing business as Pastel operates as a financial technology company that provides support to African businesses by giving them the tools, they need to run their operations efficiently. In August 2022, the firm raised USD 5.5 million in seed funding led by new investor TLcom Capital LLP, with participation from other new investors Ulu Ventures, Soma Capital, Plug and Play Ventures, Golden Palm Investments Corporation, Global Founders Capital, and DFS Labs. Infinity Labs Ltd. provides a mobile application known as Sabi Bookkeeping and Quick receipt. Sabi Bookkeeping provides customers to manage their transactions easily and faster and gives debt notification to the persons using the application. Quick receipt generates multiple receipts and invoices anytime and anywhere rather than inputting the details manually. Additionally, the app provides template options so that users can choose as per their choice. Furthermore, these applications can be used in both iOS and android software. The company plans to use August 2022 funding to expand its product offerings and develop more productivity and finance management features and tools.
Current Investors
TLcom Capital, Ulu Ventures, Plug and Play Ventures

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Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.pastel.africa
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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