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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

As Kuda positions itself for pan-African and international expansion amidst an uncertain venture capital environment, it depicts the recent cut in its workforce as part of strategic steps for sustainable growth. Kuda, the African challenger bank, raises $55M at a $500M valuation.

Digital 137
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Bookshare without Borders: #1/3

Beneblog: Technology Meets Society

Bookshare International Library We’re always thinking about new ways in which Benetech could go deeper and help many more people. We’re making securing new funding for Bookshare’s international expansion a top priority! We have built Bookshare International upon three principles. My next two blog posts will be on this topic.

Literacy 225
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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Nigerian mobility tech startup Metro Africa Xpress Inc. ( Chinedu Azodoh is the startup’s other co-founder.

Africa 143
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Accessibility Excitement in Geneva

Beneblog: Technology Meets Society

They were holding an international meeting of blindness groups around the campaign to ratify the Marrakesh Treaty in London during the days before the Geneva meeting. My experience with the international publishers was such that I expected there would be a way to work through this issue. I decided to follow through and attend.

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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. CEO Ruth Iselema.

Africa 145
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This YC Summer batch features the largest group of African startups yet

TechCrunch

“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Another digitizing-informal-retail-stores play, this time from Nigeria. Amenli (Egypt).

Nigeria 122
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Kuda takes digital banking play to the U.K. with its remittance product

TechCrunch

The digital bank has seen some success since launching in Nigeria in 2019. Kuda claims to have up to 5 million users, more than thrice the number it had last August during its $55 million Series B round , money it raised to enter into other African countries like Ghana and Uganda this year. Kuda takes digital banking play to the U.K.

Nigeria 80