29th of December, 2023

2023 at Duplo

B2B Payments 2022 Trends and Projections for Nigerian Duplo fintech graphic

2023 saw us achieve many feats amidst the challenges in the fintech industry and the startup space. We learned a lot about our customers and are committed to creating financial solutions that simplify how businesses operate in Africa. 

Here are some of our highlights from this year, including the developments we made with our products, our team growth, and our reach, amongst other things.

Product

This year, we sought more ways to simplify financial operations for enterprise businesses, and that led to the development of a good number of products and features. Some of our product developments include- integrations with accounting packages like Zoho Books, Quickbooks Desktop and Online, and Xero. We also launched our Workflow payouts, V1 of our Spend Management product, and our checkout solution, and made enhancements to our Bulk Payouts feature amongst other improvements. 

Currently, we are working on our Vendor Portal to help businesses improve their supply chain and vendor relationship management.

Licenses

In 2023, we also got approved for 3 licenses that enable us to continue creating these solutions for Nigerian businesses and we couldn’t be more delighted. This includes the Approval In Principle (AIP) with the Central Bank of Nigeria for a Payment Solution Service Provider (PSSP) License, the Nigeria Data Protection Regulation (NDPR), and the ISO 27001 Certification.

People

At Duplo, our people are at the helm of what we do. In 2023, our team has grown in response to the goals we have of providing financial solutions for businesses and we would not have it any other way. Our staff strength has grown from 22 in 2022 to 41 awesome people who show up every day, ready to commit to Duplo’s mission.

Industries

2023 saw us serving mainly the Logistics, Transportation, and Agriculture industries in streamlining and simplifying their financial operations. In 2024, we hope to serve more enterprises in this industry and break into other industries where their existing financial operations constitute a major blocker to their operations and growth.

Reach

2023 saw us achieve a cumulative reach of 9+ million people across all our channels and platforms. This significant reach was made possible through our relentless commitment to making not just software solutions, but knowledge and learning resources available to finance professionals.

With this in mind, we created 3 reports covering issues that are at the heart of the finance industry and consistently sharing well-researched and crafted articles that benefit professionals in the finance industry.

In all, it has been an incredible year for us and we can say we scaled through because of your unwavering support. Thank you for being a part of our journey this year. We look forward to your continued support in 2024.

Ifeoma Nnewuihe
Content Marketer

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