TechCrunch

DECEMBER 12, 2022

Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. .

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TechCrunch

JULY 26, 2021

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in a bid to “address the severe lack of access to early-stage funding for African tech companies.”

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Fund Profile Nigeria Africa 109

TechCrunch

MARCH 17, 2022

For years, tech publications run by local digital media startups have worked hard behind the scenes in placing African startups at the faces of global investors, shaping the narrative of African tech and its build-up to an inflection point last year. million in seed funding to expand its audience and build new verticals.

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Media Fund Companies Raise 119

TechCrunch

DECEMBER 30, 2021

But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? It wasn’t a bad year, though. African startups nearly raised $1.5 billion and $2.8

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Beneblog: Technology Meets Society

JANUARY 7, 2013

We’re making securing new funding for Bookshare’s international expansion a top priority! The first is developing strong local partners , such as disability NGOs, libraries or educational institutions that help us customize our services to the specific needs of their communities. This is an area of special focus for our Bookshare team.

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TechCrunch

AUGUST 20, 2021

The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. Today’s news is from Alerzo , a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain. The company is announcing a $10.5

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Nigeria Raise Online Asia 145

Robert Weiner

JANUARY 30, 2012

CERTIFIED BANK DRAFT by your local bank. this company on your behalf that funds are to be drawn from a registered. be Safe and 100% risk free, due to the fact that the funds have been. prize but we found out that the funds have already been deposited IMF. During our investigation we discovered that your e-mail won the.

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Nigeria Spam Money Benin 126

TechCrunch

JANUARY 25, 2021

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. 2019 saw the local VC firm invest in six companies.

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Nigeria Africa Report Mauritius 138

TechCrunch

APRIL 12, 2021

But issues around pricing, flexibility to innovate and a lack of local tech support always come up. 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. This is where Appzone has found its sweet spot.

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Technology Nigeria Raise Africa 145

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

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Africa Nigeria Raise South Africa 138

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. Then, due to local bank card limitations of $20 monthly spend, we provided virtual dollar cards for Nigerians to make international purchases.”.

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TechCrunch

NOVEMBER 16, 2021

Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. million in seed funding from several investors to blitz scale within and outside Nigeria. million in funding, money also used to acquire a similar player in Ghana.

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Mobile Nigeria Share Raise 145

The Next Web

NOVEMBER 7, 2012

All over Africa, young men and women have missioned across the country and arrived in Lagos, Nigeria. These four girls may not end up doing that either, but their efforts definitely stand more of a chance than yet another hyper local social cloud app. All they want to do is show off what they have made.

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Generation Create Africa Nigeria 168

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

AUGUST 6, 2021

This past decade, Nigeria has seen several companies cater to the development and growth of software engineers and tech talent in general. Nwobi says Decagon aims to address the underrepresentation of black people in tech globally, starting with Nigeria. Since it’s pivot, funding has relatively stalled for most of these companies.

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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. The country’s apex bank ordered local banks to stop aiding crypto transactions.

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University Nigeria Build Africa 145

TechCrunch

MARCH 9, 2021

hedge fund and investment firm Tiger Global led the Series C round. In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . The company says it plans to use the funds to speed up customer acquisition in its present markets.

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Companies Raise Africa Nigeria 145

Robert Weiner

AUGUST 1, 2011

Governor Central Bank of Nigeria. This is to officially inform the recipient of this public electronic mail address to quite every unfruitful dealing him/her is currently having in hand with any of the local banks within and outside this Country with immediate effect. Plot 8321 4th Floor Garki, Abuja. Date: 28th July, 2011.

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Spam Nigeria Mail Fund 112

TechCrunch

FEBRUARY 11, 2021

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. of the total African VC funding counted by Disrupt Africa.

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South Africa Raise Africa Ghana 129

TechCrunch

AUGUST 16, 2022

This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.

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TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. Another criteria is to back local founders.

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TechCrunch

FEBRUARY 14, 2023

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

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Africa Fund Raise Morocco 107

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. Nigeria’s Decagon raises millions to finance and train software engineers.

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Nigeria Alternative Build Raise 139

TechCrunch

MARCH 18, 2021

The firm seems to have found an investor as it announced that The Rise Fund , the global impact investing platform of investment firm TPG , will invest $200 million in its mobile money arm. . Typically , these services are present across countries of operation except Nigeria. million and 9.7% ARPU growth.

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Africa Mobile Money Fund 88

TechCrunch

DECEMBER 1, 2022

Niche local brands are also emerging to offer tailored beauty and skin care products. Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January.

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TechCrunch

OCTOBER 25, 2021

Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital participated, including individual local investors and early backers such as Paga CEO Tayo Oviosu, Remita CEO John Obaro and Magic Fund. . Kara says the company will use the funding to expand into other cities and countries before the end of Q1 next year.

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TechCrunch

FEBRUARY 8, 2022

Let’s say you’re a freelance engineer in Nigeria working for a U.S. I bet it involves using a third party or a local Bureau De Change, essentially a foreign currency exchange office. The accounts are domiciled abroad, not affected by local jurisdiction or regulation. Idorenyin Obong and Femi Aghedo launched Grey in July 2020.

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TechCrunch

NOVEMBER 18, 2021

In Nigeria, some go to the extent of keeping information offhand. million in pre-seed funding. 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.

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TechCrunch

JANUARY 22, 2021

million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . Last year, African VCs who usually fund seed and Series A rounds began partaking in pre-seed rounds, and they don’t seem to be slowing down. Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa.

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TechCrunch

MARCH 2, 2022

Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding. At some point, we wanted to issue cards and worked with one of the local banks in Nigeria,” said CEO Bakori. San Francisco-based Global Founders Capital (GFC) led the round.

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Africa API Issue Nigeria 98

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 firm also has a fund, Endeavor Catalyst, which has backed many unicorns outside the U.S. For investors, it hopes to help them build local market intelligence.

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TechCrunch

OCTOBER 11, 2021

Nigeria’s Mono raises millions to power the internet economy in Africa. I feel like Nigeria is capped in terms of how many businesses we can target,” said Hassan, who co-founded Mono with Prakhar Singh, over a call. Last September, the company had just completed a $500,000 pre-seed investment with a handful of local investors.

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TechCrunch

APRIL 26, 2023

The four-year-old digital verification upstart has received less than $500,000 in venture capital funding since its inception as well as $450,000 in grant money from DFS Lab through the Bill & Melinda Gates Foundation , Google’s launchpad studio accelerator , and others.) We have product depth in Nigeria already.

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Service Africa Nigeria South Africa 145

Robert Weiner

JULY 22, 2011

It is obvious that you have not received your fund which is to the tune of $850,000.00 And no need to worry about the offer's legitimacy, because "everything has been taken care of by the Federal Government of Nigeria, The United Nation and also the FBI.". This ended 3 days ago. due to past corrupt Governmental Officials."

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TechCrunch

JANUARY 26, 2021

FirstCheck Africa , a female-focused angel fund that launched yesterday, is hoping to address this challenge. Omame is the MD of Endeavor Nigeria , a program for high-impact entrepreneurs, and Eweniyi is the co-founder and COO of Piggyvest , a Nigerian fintech startup.

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Africa Nigeria Stats Fund 141

TechCrunch

JANUARY 5, 2022

The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets. This is a needed involvement given that countries across sub-Saharan Africa have an average of 0.23

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Fund Africa Ghana Raise 97

TechCrunch

DECEMBER 8, 2021

Employers don’t have access to locally customized, world-class payroll and HRM tools, and employees can’t easily access third-party services to help make life easier. Workpay, a Y Combinator startup, is among the 50 enterprises in Africa that received equity-free funding and support from Google.

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