Nigerian Fashion Brand Rooomxix Receive $1.5m Funding from Patricia

Nigerian Fashion Brand Rooomxix Receive $1.5m Funding from Patricia

Nigeria-based urban streetwear fashion brand Rooomxix has announced it received a $1.5m investment from Nigerian Fintech startup Patricia to facilitate its nationwide expansion.

Rooomxix is a retail streetwear fashion brand launched in July 2018. The brand is focused on revolutionizing street fashion in Africa. The brand is committed to ensuring that high-end streetwear is more affordable and accessible across the continent.

Gbenga Adeyefa, the C.E.O of Rooomxix speaking on the funding said it was a sign of the potential streetwares have on Africans.

“Our confidence in securing this new financing is backed up by budding industry and enormous potential that lies in streetwear not just in Nigeria but in Africa at large. Our goal is to accelerate Africa’s transition into the global fashion scene through high streetwear” Gbenga said.

Patricia and Rooomxix, according to a corporate release, have been in contact since 2019 Patricia Fejiro Hanu Agbodje CEO of Patricia speaking said:

“The fashion industry, especially the high streetwear niche holds untapped opportunities for brands like Rooomxix. This new funding will allow Rooomxix to ramp up its expansion plans in Nigeria, delving deep into technology, expanding inventory for the online stores to service Africa”.

 

Author

  • Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

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