A Nigerian fintech startup that facilitates the trading of gift cards for cash, addressing the gap in the local market for foreign gift cards.
Nigerian Fintech Cardtonic Secures $2.1M Seed Funding to Launch Pil Business Spending Platform
Cardtonic closed a $2.1 million seed funding round. The funding will support the development of Pil, an expense management platform.
From Fintech to Football: Cardtonic Launches Tonic FC to Power Grassroots Talent in Nigeria
Tonic FC was launched as a grassroots football initiative in Nigeria, named after the fintech company Cardtonic. The idea for Tonic FC originated from informal discussions among Cardtonic's founding members.
Transaction-Based Charity Model Drives Consistent Community Outreach in Nigeria’s Fintech Sector
Cardtonic launched Cardtonic Cares in January 2022 to support communities through charitable contributions. The program has funded more than 40 outreach events, benefiting various societal groups.
Cardtonic is building a super app for everything gift cards, gadgets, and payments
Nigeria's gifting industry is projected to grow from $2.1 billion in 2024 to $3 billion by 2028. Cardtonic processes around 400,000 gift cards monthly, with a quick turnaround time of about 10 minutes for certain cards.
