Lofty Inc Allied Partners is getting behind a SaaS solution for the Nigerian downstream oil sector and has become one of the first investors in E-Pump. E-Pump is essentially digital inventory management for petrol station owners and managers that increases efficiency, minimises waste and prevents fraud/theft.
Originally a product developed by Africania computers, the service is being spun off into a separate company. The new startup will receive between $20 – $25k in exchange for an unspecified amount of equity.
E-Pump is an alumni of the Nigerian ICT ministry’s Tech Launch Padand is in fact one of the eight startups that participated in the inaugural edition.
Deji Ogundiran, one of the founders told TechCabal that the investment will be used to execute E-Pump’s near term go-to market strategy.
Lofty Inc Allied Partners is an early stage investor and has backed other ventures like Nerve, OTGPlaya. Yellow Navigation and Hutbay.