Duplo Analysis: $4M Raised
What is Duplo?
Duplo automates expense management, simplifies global payments, and enhances vendor management for businesses, streamlining financial operations and payment processes.
Employees
13
Founded
2021
Business Model
Subscription-based model with transaction fees for API access and services.
Product Features & Capabilities
- Expense Management, Global Payments, Vendor Management, Approval Workflows, Tax Management, Reimbursements, Vendor Portal, Bulk Payments, Auto Reconciliation, Smart Invoicing, API
Pricing
- Essentials:
- Automate basic financial operations
- Expense Management
- Simple Approvals (maximum of 3 approval stages)
- Manual Payment Reconciliation (Excel, CSV)
- Standard Support
- 100 Free Payouts (Bank Transfer)
- Approval Workflow
- Single or Recurring Invoices
- Un
How much Duplo raised
Seed - $4.3 million
August 31, 2022Lead Investor: Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, Y Combinator, Oui Capital
Who are the founders of Duplo
YO
Yele Oyekola
Founder
TA
Tunde Akinnuwa
Founder
Market Focus
Duplo primarily focuses on the financial technology (fintech) industry, providing products that automate expense management, simplify global payments, and enhance vendor management for businesses.
Investors
- Alumni Ventures
- BBQ Capital
- Chestnut Street Ventures
- Commerce Ventures
- Gaingels
- Pioneer Fund
- Resilience17
- Oui Capital
- Soma Capital
- Liquid 2 Ventures
- MyAsiaVc
- Abdul Hassan (Angel Investor)
- Olugbenga Agboola (Angel Investor)
Competitors Overview
Duplo operates in a competitive landscape with several notable competitors in the financial products market, particularly in expense management, global payments, and vendor management. Key competitors include:
- SAP Concur: Known for its advanced travel management and global scalability, SAP C
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