TechCrunch

APRIL 12, 2021

The company based in Lagos, Nigeria, was founded by Emeka Emetarom , Obi Emetarom and Wale Onawunmi in 2008. Nigeria is becoming Africa’s unofficial tech capital. One way it wants to carry this out will be to take its pan-African expansion seriously even though a large part of its 450 clients are based in Nigeria.

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Technology Nigeria Raise Africa 145

TechCrunch

MAY 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years. OPay plays in an extremely competitive fintech market.

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Nigeria Africa Raise Report 135

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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Digital Nigeria Burkina Faso Raise 96

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. Reliance previously raised a $2 million seed round months post-YC in 2017.

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Nigeria Raise Africa Egypt 135

TechCrunch

JANUARY 13, 2022

that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech. In terms of the credit product, we see an opportunity for a “mass credit card” in Nigeria.

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Nigeria Azerbaijan Marketing License 104

TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 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. . million in an oversubscribed seed round.

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Ghana Kenya Raise Build 145

TechCrunch

OCTOBER 12, 2022

Yet, the sector struggles with highly fragmented and undercapitalized supply chains rife with fake medications, which cause the death of thousands of patients yearly; in Nigeria, 20-40% of drugs are counterfeit. . A handful of healthtech companies bring efficiency to Nigeria’s pharmaceutical supply chain issues; Lifestores Healthcare is one.

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Nigeria Raise Africa Software 82

TechCrunch

FEBRUARY 16, 2022

Nigeria has an average of 4.8 It’s a thriving business for banks, larger fintechs such as OPay and TeamApt, and even smaller ones like CrowdForce , who today is announcing that it has raised a $3.6 “ When you look at most of the successful companies in Nigeria, they all had to build some sort of offline distribution.”.

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Nigeria Accessibility Raise Community 93

TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million. The company’s geographical reach has also changed shape.

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Marketing Kenya Ghana Nigeria 140

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.

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Digital Marketing Raise Nigeria 95

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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Nigeria Raise Offline Phase 145

TechCrunch

MARCH 9, 2021

In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4 African fintech firm Flutterwave raises $35M, partners with Worldpay.

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Companies Raise Africa Nigeria 145

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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Digital Nigeria Raise Platform 91

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. But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We

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Nigeria Alternative Build Raise 139

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. ” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records. Location : Lagos, Nigeria.

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Nigeria Africa Sudan Websites 91

TechCrunch

AUGUST 23, 2021

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5 valuation.

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Fund Nigeria Egypt Africa 139

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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Africa Burkina Faso Nigeria Companies 139

TechCrunch

NOVEMBER 10, 2021

Today, Africa’s largest digital payments network MFS Africa joins the fray. The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. However, a presence in Africa’s largest market, Nigeria, remained elusive for the company.

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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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Nigeria Service Africa Mobile 95

TechCrunch

OCTOBER 19, 2022

Over the last couple of months, we’ve seen a wave of upstarts launching solutions geared toward digitizing small business operations. These days, small businesses in Nigeria are spoilt with options, in addition to Bumpa, for products that can digitize their operations, including bookkeeping, invoicing and inventory management.

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Platform Raise Africa Nigeria 145

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. Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing.

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Africa South Africa Nigeria Raise 104

TechCrunch

DECEMBER 1, 2022

Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million. Uncover is scaling its operations in Kenya and expanding to Nigeria in January. Image Credits : Uncover Skincare.

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Africa Product Kenya Raise 122

TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria as well as the Zambian and Kenyan governments.

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Africa Raise Rwanda Nigeria 144

TechCrunch

NOVEMBER 29, 2022

The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. million seed investment.

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System Digital Raise Africa 93

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. African payments company Flutterwave raises $170M, now valued at over $1B.

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Nigeria Raise Paypal Africa 126

TechCrunch

NOVEMBER 25, 2021

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. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.

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Nigeria Platform South Africa Offline 84

TechCrunch

MARCH 17, 2022

African startups raised between $4 billion to $5 billion in 2021, according to various reports. However, for all their effort and importance to the tech ecosystem, raising significant venture capital seemed elusive to startups in Africa’s digital media landscape that rely on grants and personal funding to scale.

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Media Fund Companies Raise 119

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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Africa Nigeria Service Raise 101

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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Philippines South Africa Digital Africa 108

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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Nigeria Companies Build Africa 95

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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Africa Nigeria Digital South Africa 99

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.

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Raise Build Africa Nigeria 109

TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. 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.

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South Africa Tech Africa Egypt 139

TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. billion to $1.5

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South Africa Africa Egypt Nigeria 98

TechCrunch

FEBRUARY 22, 2022

The global chat commerce’s total addressable market is worth an estimated $80 billion and is seen as the third big wave of digital commerce after e-commerce and app commerce markets. As the largest digital platform in the world with more users than the internet’s 4.7 million payments transactions are carried out daily.

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South Africa Platform Nigeria Raise 98

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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Ghana Digital Nigeria Product 94

TechCrunch

AUGUST 31, 2022

Duplo , a B2B payments startup that solves these issues by enabling African enterprises to collect payments from their clients and partners and make payments to their suppliers and vendors, has raised $4.3 And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added.

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Nigeria Fund Digital South Africa 86