Kobo360 accepted into Y-Combinator, raises $1.2 million


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Kobo360 was accepted into Y-Combinator’s 2018 class and gained some working capital in the form of $1.2M in a pre-seed funding round led by Western Technology Investment announced this week. Lagos based Verod Capital Management also joined to support Kobo360.

The startup — with an Uber-like app that connects Nigerian truckers to companies with freight needs — will use the funds to pay drivers online immediately after successful hauls.