TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 Instead, its wallet allows users to access a plethora of services they can’t find on their traditional provider. million in an oversubscribed seed round. Founder and CEO Prince Boakye Boampong started the company in 2019.

Ghana 145

Ghana Kenya Raise Build 145

TechCrunch

MARCH 1, 2022

A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and can’t afford important purchases outright. The titular “growth equity round” highlighted by M-KOPA in its press statement is its fifth equity round (it has raised similar rounds of debt, too).

Marketing 140

Marketing Kenya Ghana Nigeria 140

TechCrunch

FEBRUARY 14, 2022

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. Other notable startups in the space are Kenya’s MyDawa, Ghana’s mPharma and Nigeria’s DrugStoc.

Nigeria 94

Nigeria Digital Africa Raise 94

TechCrunch

JANUARY 13, 2022

that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We In terms of the credit product, we see an opportunity for a “mass credit card” in Nigeria.

Nigeria 104

Nigeria Azerbaijan Marketing License 104

TechCrunch

JANUARY 12, 2022

SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion. billion in 2026 from $14.2

Africa 138

Africa Nigeria Raise South Africa 138

TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. Nigeria has a population of almost 200 million, with 60% under the age of 25. They can access the platform’s first-semester content for free and practice.

Nigeria 139

Nigeria Alternative Build Raise 139

TechCrunch

AUGUST 5, 2022

Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. In an interview with TechCrunch, he said these experiences gave him exposure to the application of technology in the power sector, and he saw an opportunity to apply that in Nigeria and across Africa.

Accessibility 92

Accessibility Africa Nigeria Service 92

TechCrunch

AUGUST 9, 2021

Africa is home to more than a billion people, where a majority have limited or no access to vehicle financing. In Nigeria, owning a car is a luxury very few people can afford. It is a similar case across Africa, where car owners often recycle used cars between themselves because of the difficulty of accessing new ones.

Africa 126

Africa South Africa Nigeria Raise 126

TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. When we covered the company early in the year, it had already secured partnerships with more than 16 financial institutions in Nigeria. Image Credits: Mono.

Africa 145

Africa Internet Ghana Raise 145

TechCrunch

APRIL 27, 2022

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year.

Africa 89

Africa Asia Burkina Faso Accessibility 89

TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. The service, which is only available for incorporating businesses in Nigeria, the U.S.

Africa 139

Africa Burkina Faso Nigeria Companies 139

TechCrunch

JANUARY 26, 2022

Husk Power Systems , a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years. In November last year, Husk launched its first six mini-grids in Nigeria, and is looking to have 100 operational within two years.

Nigeria 97

Nigeria Africa Burkina Faso Tanzania 97

TechCrunch

MARCH 29, 2022

India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. YC-backed Duplo raises $1.3M Location : Lagos, Nigeria.

Nigeria 91

Nigeria Africa Sudan Websites 91

TechCrunch

NOVEMBER 1, 2021

Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds. For most of Twiga’s operational history, it connected vendors and outlets with farmers via an app to access different agricultural produce. . Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. million equity and $6.25

Africa 144

Africa Kenya Raise Nigeria 144

TechCrunch

SEPTEMBER 21, 2022

Not only does this limit investors’ access to high-growth securities, but it also limits access to capital that has grown in leaps and bounds over the past couple of years. Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets.

Accessibility 89

Accessibility Marketing Ghana Africa 89

TechCrunch

MARCH 18, 2021

” The company, which currently offers mobile-first banking services in Nigeria, has picked up $25 million in a Series A being led by Valar Ventures, the firm co-founded and backed by Peter Thiel, with Target Global and other unnamed investors participating. “We closed February at $2.2 ” Image Credits: Kuda.

Nigeria 126

Nigeria Raise Paypal Africa 126

TechCrunch

DECEMBER 17, 2020

Currently operating in Kenya and Nigeria, Umba offers a digital financial service alternative to legacy African banks. Right now it’s available in Kenya and Nigeria, which have a combined population of over a quarter of a billion people. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent.

Africa 114

Africa Nigeria Kenya Digital 114

TechCrunch

OCTOBER 13, 2021

Living in Lagos, the commercial city of Nigeria, is not for the faint of heart. Eden Life , strategically positioning itself as the go-to platform for home service needs, has raised a $1.4 When the founders, ex-Andelans (a term to describe previous Andela staff), launched the home service app two years ago, it raised some eyebrows.

Life 129

Life Service Business Raise 129

TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.

Raise 109

Raise Build Africa Nigeria 109

TechCrunch

DECEMBER 6, 2021

TradeDepot , a Nigeria- and U.S.-based based company that connects consumer goods brands to thousands of retailers and help out with distribution, has raised $110 million in new equity and debt funding round as it looks to bring in more retail stores and expand its buy now, pay later service across the continent.

Africa 101

Africa Nigeria Service Raise 101

TechCrunch

FEBRUARY 2, 2022

of its adult population had one form of insurance policy in Nigeria as of 2018. The self-described “Nigeria’s first 100% digital insurance company” has raised a $4 million pre-seed round. Unlike the former, insurance around job loss is relatively uncommon in Nigeria. In the news today is one such company: Casava.

South Africa 96

South Africa Nigeria Accessibility Africa 96

TechCrunch

NOVEMBER 25, 2021

One-year-old Sabi — a spinoff from Rensource , an African energy company that offers power-as-a-service to customers — is the latest startup to raise funds to serve the informal sector. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.

Nigeria 84

Nigeria Platform South Africa Offline 84

TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan. Kuda, the African challenger bank, raises $55M at a $500M valuation.

Digital 137

Digital Nigeria Pakistan Ghana 137

TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. Next, Statement Pages allows businesses to access customers’ financial accounts without needing a developer; Hassan calls it the first of its kind in Africa.

Global 141

Global Africa South Africa Nigeria 141

TechCrunch

MARCH 9, 2022

Agency banking is big business in Nigeria and sub-Saharan Africa. Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. ” In Nigeria, over 42 million adults who live in rural areas lack basic banking services. .

Digital 96

Digital Nigeria Burkina Faso Raise 96

TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. It’s an identical problem for more than 51% of 44 million formal SMBs in sub-Saharan Africa who say they need more finance than they can access to grow their businesses, per research.

Africa 145

Africa South Africa Raise Nigeria 145

TechCrunch

AUGUST 15, 2022

In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Pastel , a startup in the second category which has been under the radar for more than a year, is announcing a seed raise of $5.5 million led by pan-African venture capital firm TLcom Capital.

Digital 91

Digital Nigeria Raise Platform 91

TechCrunch

NOVEMBER 3, 2021

Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize its technology as it ramps up effort to extend speedy credit to more small and medium-sized enterprises (SMEs) in the West African country. . Others include Carbon and FairMoney.

Nigeria 96

Nigeria Fund Raise San Francisco 96

TechCrunch

SEPTEMBER 10, 2022

Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. In the latest development, one such company, Bitmama , has raised a pre-seed extension of $1.65

Africa 145

Africa Nigeria Marketing Kenya 145

TechCrunch

FEBRUARY 22, 2022

The company helps businesses communicate with their customers via mobile messaging platforms and today is announcing that it has raised $91 million in a new financing round. Founded in South Africa, Clickatell is headquartered in California, with offices in Nigeria and Canada. million payments transactions are carried out daily.

South Africa 98

South Africa Platform Nigeria Raise 98

TechCrunch

SEPTEMBER 23, 2022

His firm, Seven Seas Technologies , has previously worked with governments too — having been involved in the initial implementation of the decentralized service delivery hubs – Huduma Centres , which grant citizens access to nearly all government services through a single portal. seed funding. To date, Ponea has attracted $4.3

Accessibility 93

Accessibility Service Africa Nigeria 93

TechCrunch

NOVEMBER 18, 2021

In Nigeria, some go to the extent of keeping information offhand. Nigerian startup Kippa , attempting to improve the life cycle of these small businesses with its finance management app, has raised $3.2 But in reality, they all converge at one point, which is providing access to credit. million in pre-seed funding.

Business 122

Business Nigeria Management Africa 122

TechCrunch

MARCH 22, 2021

to reach a relative in Nigeria. Ben Eluan and Osezele Orukpe , two software engineers based in Nigeria, faced this problem in 2019. Pioneer gives founders access to funding streams and talent hardly found outside Silicon Valley. Nigeria is becoming Africa’s unofficial tech capital. Image Credits: Flux.

University 145

University Nigeria Build Africa 145

TechCrunch

APRIL 13, 2022

There’s no shortage of digital banks in Nigeria and, in general, in Africa. In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. The news comes almost two years since the fintech raised a seed round of $2 million. million to date.

Digital 95

Digital Marketing Raise Nigeria 95

TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa. Catalyst Fund has the backing to keep this going.

South Africa 116

South Africa Nigeria Africa Kenya 116

TechCrunch

MARCH 16, 2022

Yet its industry remains highly fragmented as shop owners and kiosks still have issues around access to capital and getting goods regularly and on time from suppliers and distributors. To provide working capital to these retailers, the likes of TradeDepot and MarketForce raised impressive rounds with significant debt components.

Global 94

Global Senegal Nigeria Rwanda 94

TechCrunch

OCTOBER 31, 2022

One such platform is Lagos-based SmallSmall which gives renters access to monthly rent payments and offers landlords a way to vet tenants, increase their income and manage properties. Tunde Balogun co-founded the startup, formerly RentSmallSmall, with Naomi Olaghere and Pidah Tnadah in 2018 after returning to Nigeria from the U.K.

Raise 94

Raise Nigeria Rate Platform 94