TechCrunch

OCTOBER 19, 2022

However, after gaining little traction, it was clear that Bumpa had to evolve to meet the growing demands of businesses on the platform, including recording sales and bookkeeping, inventory tracking, and storing customer details. We want to be that connecting platform on the continent. Integrating an ecosystem of products.

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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. Nigeria’s Rensource raises $20M to power African markets by solar. Anu Adasolum (Founder and CEO, Sabi).

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TechCrunch

DECEMBER 17, 2020

Umba , a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent.

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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. Part of the new funding will be used to extend the startup’s buy now, pay later (BNPL) offering, for an even wider reach.

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Nigeria Digital Africa Raise 94

TechCrunch

APRIL 5, 2022

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs.

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Nigeria Mobile Raise Offline 91

TechCrunch

SEPTEMBER 12, 2022

Kippa , the Nigerian startup improving the lifecycle of small businesses across the country with its financial management and payments platform, has raised $8.4 Kippa said the investment will allow it to develop financial products that help SMEs grow their businesses and grow its team in Nigeria. Nigeria’s Kippa gets $3.2M

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TechCrunch

MARCH 22, 2021

to Nigeria can be a painstaking process. For remittance platforms like Western Union, it will cost a transfer fee and take between one to five business days for money sent from a U.S. Crypto remittance platforms are rising to the challenge of fixing these cross-border payment issues by reducing time and fees.

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TechCrunch

MARCH 2, 2021

The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. In January 2020, the pair made the fund official, with Aboyeji as general partner and Enegesi as limited partner.

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Fund Africa Nigeria Tech 144

TechCrunch

NOVEMBER 9, 2021

million in seed funding, as well as the launch of a cloud-based AI platform — which allows users to build with large language models. . It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. Ohio-based startup Mantium has today announced closing $12.75

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Platform Fund Raise Africa 104

TechCrunch

DECEMBER 15, 2021

For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Edtech platforms such as Edukoya have sprung up with the intent to take these models online and maintain affordability for students. Like in the U.S., Edukoya has yet to do either.

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Online Learning Nigeria Global Platform 102

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. seed round to scale Autochek’s platform across Africa.

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TechCrunch

FEBRUARY 10, 2023

Fashion items are among the most — if not the most — sought after on many e-commerce platforms. While general e-commerce activities between African shoppers and global brands have occurred informally via long-held relationships, several platforms have used tech to centralize these processes across various shopping brackets.

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Africa Platform Fund Raise 95

TechCrunch

JULY 6, 2021

His platform AngelList has helped individual founders-cum-investors source and participate in deals via collectives. However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. MAGIC Fund has 12 founders who act as general partners. Fund of micro funds but more than money.

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Fund Global Raise Africa 130

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. About one-third of the total retailers on Alerzo use the platform monthly. The company is announcing a $10.5

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Nigeria Raise Online Asia 145

TechCrunch

FEBRUARY 22, 2022

As the largest digital platform in the world with more users than the internet’s 4.7 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. In Nigeria alone, Clickatell reaches 17 million end customers and up to 1.3

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South Africa Platform Nigeria Raise 98

TechCrunch

FEBRUARY 7, 2022

Kuti’s comments highlight critical issues with healthcare in Nigeria: accessibility and affordability. In Nigeria and some emerging markets, it’s common for people to take healthcare for granted. In 2015, the three co-founders launched Kangpe, a telemedicine-focused startup in Nigeria with a “doctor in your pocket” slogan.

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Nigeria Raise Africa Egypt 135

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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TechCrunch

MARCH 17, 2022

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. million in seed funding to expand its audience and build new verticals. But not long ago, in the mid-2010s, U.S.

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Media Fund Companies Raise 119

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 fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. last year to over $2 billion in December.

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Nigeria Africa Raise Report 135

TechCrunch

NOVEMBER 15, 2021

Africa Health Holdings , a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria. Valiant Capital, Kepple Ventures and SUNU Capital. Valiant Capital, Kepple Ventures and SUNU Capital.

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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. “From telling us to set up takes days. Here’s a use case on how it works.

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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

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. Earlier this year, Bitmama had fewer than 20,000 users across both platforms. Revenues come from margins on the transactions its users perform on the platform.

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Africa Nigeria Marketing Kenya 145

TechCrunch

AUGUST 17, 2021

The company is also describing itself as a machine learning-as-a-service platform. Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. When the founders, Brendan Playford and Cate Rung, last spoke with TechCrunch, Pngme was heading out of stealth mode in Nigeria, Kenya and South Africa.

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TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

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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. But it’s completely different in Africa.

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Nigeria Africa Report Mauritius 138

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. He adds that what differentiates Flux from other crypto remittance startups lies in the ease and speed of the platform’s transactions. The platform charges $0.50

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University Nigeria Build Africa 145

TechCrunch

AUGUST 31, 2022

million in seed funding. FMCG distributors can onboard retailers in their network on the Duplo platform, collect payments digitally and access real-time insights into business performance. pre-seed to build financial OS for B2B companies in Nigeria. The news is coming just seven months after Duplo announced its $1.3

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Nigeria Fund Digital South Africa 86

TechCrunch

JULY 19, 2021

Several platforms have sprung forth to bring stock trading opportunities in their respective markets. In Nigeria, at least four platforms offer both local and foreign stocks to individuals. Chaka is one such platform. Egyptian social e-commerce platform Taager raises $6.4M Robinhood is no exception.

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License Nigeria Platform Africa 95

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. 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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TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. 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.

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TechCrunch

MAY 5, 2022

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,

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TechCrunch

FEBRUARY 17, 2022

Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. Earnipay is building what is known globally as an earned wage access platform. Earnipay will use this seed funding to target large enterprises and shift its focus regionally.

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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. What’s a record year of funding without some unicorns? billion and $2.8 These predictions weren’t entirely off the mark.

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TechCrunch

FEBRUARY 15, 2021

Uncovered Fund , a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Terakubo doesn’t say why he left Samurai Incubate Fund. ”

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TechCrunch

JANUARY 17, 2022

Other institutional investors include Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, and angel investors such as Buycoins’ Ire Aderinokun, Jesse Ovia and Ademola Adesina. said the CTO in a statement. Last year, 80% of the U.S.

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Africa Management Platform South Africa 118

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. . Vendease tries to solve the challenges and inefficiencies in Africa’s highly fragmented food sector, starting with Nigeria.

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