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Lenco Technologies
AddedFeb 15, 2024
UpdatedJun 18, 2026
Lenco Technologies

Lenco Technologies

Seed

Lenco: A digital bank offering multi-currency accounts and growth tools for African SMEs.

HQ
San Francisco, CA, US
Founded
2021
Accelerator
Techstars logoTechstars: Toronto2021
Accelerator
Y Combinator logoY CombinatorW22
Overview
Compare
Fundraising
Employees
Website

Lenco is a Pan-African digital bank focused on providing multi-currency accounts and growth tools for small and medium-sized enterprises (SMEs) across Africa. Catering to retail outlets, hospitality businesses, and startups, Lenco facilitates vendor payments, supplier transactions, and cross-border payments while offering access to growth capital. Their services include automated reconciliation, automatic customer payments, and consolidated management of business airtime and utility bills.

Lenco has made significant strides in revolutionizing business banking for African SMEs by integrating essential financial services into a single platform. This innovation has empowered numerous businesses to streamline their financial operations and focus on growth. The company's impact is evident in its ability to simplify complex banking tasks, thereby enhancing operational efficiency for its clients.

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Lenco Technologies - Quick Facts

Who are Lenco Technologies' competitors?

Companies similar to Lenco Technologies include Linker Finance, Lance, Blackcopper and Lenme.

When was Lenco Technologies founded?

Lenco Technologies was founded in 2021.

Where is Lenco Technologies' headquarters located?

Lenco Technologies' headquarters is located in San Francisco, CA, US.

When was Lenco Technologies' last funding round?

Lenco Technologies' most recent funding round was for $2M (USD) in March 2022.

How much has Lenco Technologies raised to-date?

As of Mar 23, 2022, Lenco Technologies has raised a total of $2.1M (USD).

How many employees does Lenco Technologies have?

Lenco Technologies has 30 employees as of Feb 4, 2024.

Lenco Technologies - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Model
  • Platform
Revenue
  • Recurring
  • Software
  • Transactional
Customer
  • Enterprise
  • Small Business
Main Product
  • Banking
  • Financial Services
Tags
  • API
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice
Show 7 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services