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Onepipe closes $4.8 million deal with TLG Capital to offer embedded finance services

Onepipe closes $4.8 million deal with TLG Capital to offer embedded finance services

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Onepipe, a startup that powers digital financial services, has closed a $4.8 million (₦ 2.25 billion) credit line from pan-African investment firm, TLG Capital. The deal, which had been in the works since the third quarter of last year, will power the startup’s inventory finance solution for small businesses.

Onepipe, an African startup that offers embedded financial services, has secured a $4.8m credit line from investment company TLG Capital. The funds will be used to support inventory finance for small businesses, and have been restricted to use specifically for this service. Onepipe’s inventory finance solution has seen significant growth, becoming one of the startup’s fastest-growing services, and the credit line from TLG Capital will be used to further expand its operations. This funding comes amid the challenging economic environment, with Onepipe having let go of 20% of its employees and slashed salaries for its leadership team.


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