With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
The fund will target startups from seed through Series B rounds, focusing on online-to-offline (O2O) platforms, B2B SaaS solutions, and fintech ventures.
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
