Duplo
Duplo, based in Lagos, Nigeria, is a fintech company specializing in automating business payments and financial operations for various industries across Africa.
Company Overview
Duplo is a fintech company operating out of Lagos, Nigeria. With a team of 13 and part of the Y-Combinator W22 batch, Duplo aims to drive growth for African businesses by streamlining financial operations. The company offers a platform for automating business payments, including accounts payable and receivable, checkout options, and multiple payment methods. It supports various industries such as construction, consumer goods, manufacturing, logistics, healthcare, and nonprofits.
Services
Duplo provides a range of services designed to automate and streamline business payments. These include solutions for finance teams and trade, payment solutions for B2B marketplaces, wholesalers, and manufacturers. Duplo also offers accounts payable automation, accounts receivable solutions, bulk payments, scheduled and recurring payments, and transaction synchronization. Businesses can manage financial operations from one platform, reducing errors and saving time.
Security and Compliance
Duplo employs rigorous security and compliance measures to ensure the safety of financial information. These measures include PCI DSS Level 1 Certification, KYB and KYC checks, NDPR compliance, and ISO 27001 Certification. The company uses Two Factor Authentication to protect accounts from unauthorized access. All financial information is encrypted and stored according to ISO 27001 compliant standards.
Payment Solutions
Duplo offers various payment solutions such as BNPL (Buy Now, Pay Later) for multiple payment methods, NUBAN corporate accounts, and business wallets with zero paperwork. The platform allows businesses to offer services like loans provided by Duplo on their behalf to their customers. Payments go directly to banking partners Wema Bank and Providus Bank, both insured by the Nigeria Deposit Insurance Corporation (NDIC).
Partner Ecosystem
Duplo collaborates with accounting firms, financial institutions, and software resellers to assist clients in managing day-to-day expenses and financial operations. These partnerships enhance Duplo's ability to deliver effective and comprehensive financial solutions, aiding businesses across various industries in Nigeria and Africa.