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Lumen Ledger

Revenue 2.8×

Fintech

Lagos

Cohort 07

Lumen Ledger

Bookkeeping for small businesses that reconciles bank and mobile money transactions automatically.

Founded by Tolu Bakare and Sena Agbeko

Lumen Ledger

Revenue 2.8×

Week 0 against week 16.

Monthly revenue posted to the cohort board at the first and last Friday review.

Week 0
$19k
Week 16
$53k

2.8×

Growth in 16 weeks

$2.2M seed

Raised after Demo Day

Cohort 07

Autumn 2025

What changed.

Week 0

Lumen had 4,000 sign-ups and 140 paying customers. Connecting a bank took eleven steps.

During the program

The team cut onboarding to three steps and launched an accountant referral program in week 6.

Week 16

Paying customers grew to 610 and monthly revenue grew 2.8×.

Applications close 30 November

Your numbers could be next.

Twelve places in Cohort 09. You’ll hear back within ten days, with notes either way.

Applications close 30 November

Your numbers could be next.

Twelve places in Cohort 09. You’ll hear back within ten days, with notes either way.

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