CrowdForce
Empowering local merchants to become mobile bank branches and distribute financial services
What it does
CrowdForce (formerly MobileForms) was founded in 2017 by Oluwatomi Ayorinde and Damilola Ayorinde to build massive decentralized field-agent and agency banking networks. Operating PayForce, the platform allows merchant outlets and gas stations to offer offline cash-in cash-out banking services. Acquired by FairMoney, it is a pioneer in offline field market data and micro-banking infrastructure.
Agency bankingBill payments & aggregators
Known for
- PayForce agency banking platform
- Field market research and data collection
- Acquisition by FairMoney
- Offline last-mile financial agent networks
Model & industry
Marketplace / Aggregator modelBanking & Financial Services
Funding history
$3.6M
Total raised
1
Rounds
Pre-Series A
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-02 | Pre-Series A | $3.6M | Aruwa Capital Management |
Source: Condia Funding Tracker
Products & subsidiaries
PayForce by CrowdForce · Merchant Agency Banking Suite