TechCrunch

FEBRUARY 9, 2022

Nigeria has more than 12 million registered vehicles , and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given this number, one would expect effective vehicle maintenance to be standard in Nigeria. million seed round. .

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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. .

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TechCrunch

FEBRUARY 16, 2022

Nigeria has an average of 4.8 “ When you look at most of the successful companies in Nigeria, they all had to build some sort of offline distribution.”. Typically , more than 200,000 agents across Nigeria refinance their working capital by taking long walks to the banks or the fintechs they work for like TeamApt.

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TechCrunch

NOVEMBER 10, 2021

Today, Africa’s largest digital payments network MFS Africa joins the fray. However, a presence in Africa’s largest market, Nigeria, remained elusive for the company. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital. MFS Support Team.

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TechCrunch

AUGUST 23, 2021

” The company, founded in 2018, had an exclusive presence in Nigeria before last year. While the company started with providing customers with digital services in their everyday life from mobility and logistics to e-commerce and fintech at cheap rates, those super app plans have been largely underwhelming.

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TechCrunch

NOVEMBER 25, 2021

Nigeria’s informal trade sector, worth over $244 billion, has more than 40 million micro, small and medium businesses. Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services.

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TechCrunch

JUNE 8, 2022

A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.”. Africa’s digital opportunity. By 2030, Africa is expected to have a total of $2.5

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TechCrunch

AUGUST 5, 2021

A couple of digital freight companies are tackling this problem, like Nigerian-based MVX. What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria. Japan, Nigeria, and South Africa also participated. Some angel investors in the U.S.,

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TechCrunch

JANUARY 25, 2022

OZÉ , a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. But also really pushing towards what’s possible for business owners in Ghana and Nigeria, who has a smartphone in their pocket.”.

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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. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa.

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TechCrunch

AUGUST 15, 2022

There’s no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Image Credits: Pastel.

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TechCrunch

FEBRUARY 23, 2021

The onset of the pandemic has led to increased demand for digital banking options across customer income groups around the world. We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. TymeBank , a South African digital bank, announced today that it has secured an R1.6

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TechCrunch

AUGUST 31, 2022

FMCG distributors can onboard retailers in their network on the Duplo platform, collect payments digitally and access real-time insights into business performance. And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added. pre-seed to build financial OS for B2B companies in Nigeria.

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TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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TechNode

SEPTEMBER 11, 2023

Underserved communities often face unique challenges when accessing and harnessing digital technologies. Underserved communities often face unique challenges when accessing and harnessing digital technologies. However, opportunities can emerge from developing the digital economy in these communities.

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TechCrunch

NOVEMBER 18, 2021

In Nigeria, some go to the extent of keeping information offhand. Most of these features are geared at onboarding a wide range of businesses in Nigeria to the platform; however, the strategy is to introduce credit and other financial services to them. The company claims that merchants who use Kippa this way “recover debts 3x faster.”.

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TechCrunch

NOVEMBER 8, 2022

The digital bank has seen some success since launching in Nigeria in 2019. Nigeria is sub-Saharan’s largest inbound remittance market and among the top 10 largest globally. to Nigeria remains invariably expensive. — the second largest sender of remittances to Nigeria, behind the U.S.,

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TechCrunch

MAY 26, 2021

OPay also claims to process about 80% of bank transfers among mobile money operators in Nigeria and 20% of the country’s non-merchant point of sales transactions. With the money OPay has raised so far, i t’s quite surprising that the country until last year December was only present in Nigeria.

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TechCrunch

MARCH 1, 2022

However , it has expanded its pay-as-you-go model to include other needs: smartphones (launched in Kenya two years ago), TVs, refrigerators, solar lighting and digital financial services such as cash loans and health insurance. Ex-SafeBoda executive Babajide Duroshola joins M-KOPA to lead expansion into Nigeria.

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TechCrunch

FEBRUARY 7, 2022

Lagos- and Texas-based digital healthcare provider Reliance Health is the latest beneficiary and is doing so in grand style, raising $40 million. Kuti’s comments highlight critical issues with healthcare in Nigeria: accessibility and affordability. The Series B round is the largest of its kind in African healthtech. “So

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TechCrunch

DECEMBER 30, 2021

Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers. billion and $2.8

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TechCrunch

MARCH 24, 2021

Nigeria remains a largely cash-dominated country. Today, Bankly , a Nigerian fintech startup digitizing cash for the unbanked, announced that it has closed a $2 million seed round. What Bankly has done is to digitize their whole process of collating money and allow these unbanked people to save using online and offline methods.

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TechCrunch

FEBRUARY 10, 2022

Startups have sought to use technology to digitize processes in Africa’s B2B e-commerce and retail space over the past couple of years. Duplo , a Lagos-based fintech, is attempting to tackle these inefficiencies by digitizing payment flows for B2B companies, starting with those in this industry. Here’s why this is a critical problem.

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TechCrunch

JUNE 22, 2022

While Africa’s health systems are still reeling from the effects of the COVID pandemic, the adoption of digital health services has been revved in some countries. These startups digitize the supply chain and distribution to providers. “The However, a particular segment has achieved scale faster within the past year.

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TechCrunch

MARCH 7, 2022

Before Dash, Boampong was the co-founder of OMG Digital, a YC-backed Ghanaian media startup he started alongside Jesse Ghansah — the current CEO of Float — in 2016. . In total, it has processed over $1 billion since its launch in 2020 from 1 million customers the company has acquired from Ghana, Kenya and Nigeria, Boampong said.

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TechCrunch

FEBRUARY 18, 2021

Three years after launching its mobile lending service in Nigeria , the company set up shop in India , Asia’s second-most populous country in August 2020. Before expanding, FairMoney experienced exponential growth in Nigeria in terms of loans disbursement. FairMoney has come a long way since its Nigeria launch in 2017.

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TechCrunch

FEBRUARY 1, 2022

Nigeria has a population of almost 200 million, with 60% under the age of 25. But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We The company is also exploring B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classes.

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TechCrunch

JANUARY 18, 2022

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Leading with a credit-led approach— which several digital banks across Africa such as Carbon , FairMoney have adopted—was a great customer acquisition tool for the company, he said. With over 1.2

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Africa South Africa Nigeria Raise 104

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.

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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.

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TechCrunch

NOVEMBER 29, 2022

Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. Futi said Orda has witnessed tremendous adoption among small restaurants in its two markets, Nigeria and Kenya, and claims the startup might have reached product-market fit already.

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System Digital Raise Africa 93

TechCrunch

APRIL 26, 2023

This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider, a part of the statement read. We have product depth in Nigeria already.

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TechCrunch

SEPTEMBER 12, 2022

Kippa said the investment will allow it to develop financial products that help SMEs grow their businesses and grow its team in Nigeria. As such, startups have launched various bookkeeping solutions to digitize operations of these small businesses in a traditional retail sector worth more than $200 billion alone in Nigeria.

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TechCrunch

DECEMBER 6, 2021

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot , a Nigeria- and U.S.-based A large majority of small and medium-sized businesses in Nigeria and across Africa are offline.

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TechCrunch

JANUARY 7, 2022

million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. This is as it grows beyond Nigeria, where it started operations in August 2020 before entering Kenya in July last year. “We million, having realized $800,000 in a seed round last May.

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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. The digital insurance platform currently provides cover for health and job loss. In the news today is one such company: Casava.

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TechCrunch

JANUARY 22, 2021

million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa. Digital lenders remain one of their most important customers for fintech API startups. When Stripe-subsidiary Paystack raised its seed round of $1.3

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