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. In total, Alerzo has raised more than $20 million since its launch. The company is announcing a $10.5

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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. OPay plays in an extremely competitive fintech market.

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Nigeria Africa Raise Report 135

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

APRIL 21, 2021

The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. Today, Nigeria’s Okra , arguably the first to gain mainstream attention, is announcing that it has closed a seed round of $3.5 In total, Okra has raised $4.5 guaranteed uptime. .

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Nigeria Raise API Africa 145

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

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

DECEMBER 12, 2022

Taeillo , a Lagos-based startup innovating around these issues relating to time, quality and cost via its online furniture e-commerce store, has raised $2.5 million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. . Made.com raises another $56 million.

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Fund Online Raise Platform 115

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. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4

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Companies Raise Africa Nigeria 145

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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Training Train Nigeria Software 127

TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 So, u sers from different countries — Ghana, Nigeria and Kenya, for now — can connect their bank or mobile money accounts to Dash, pay bills, and send and receive money to other users while the platform handles currency conversions.

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TechCrunch

MARCH 30, 2022

billion, or 34% of the $5 billion raised across the continent, according to Partech , a pan-African VC firm that also tracks investments. In 2019, startups based in Nigeria attracted $747 million, or 37% of Africa’s total VC investment. YC W22 batch nets 24 African startups, including 18 from Nigeria.

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Nigeria Africa Statistics Global 95

TechCrunch

FEBRUARY 3, 2023

Months later, the company is ceasing on-ground operations in Nigeria, one of its four markets in Africa. The new changes imply that Sendy will abandon its asset-heavy model that facilitated order fulfillment from parcel pickup, warehousing to last-mile delivery in Nigeria. Sendy has so far raised $26.5 We are not pivoting.

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Nigeria Course Job Change 86

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

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

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

JANUARY 13, 2022

that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed funding. And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We Nigeria’s population is hungry for credit.

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Nigeria Azerbaijan Marketing License 104

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 1, 2021

This funding comes after the company’s $30 million Series B round — $23.75 Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. The funding will be used to test the concept out. million equity and $6.25

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Africa Kenya Raise Nigeria 144

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

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.

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TechCrunch

NOVEMBER 3, 2021

Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize its technology as it ramps up effort to extend speedy credit to more small and medium-sized enterprises (SMEs) in the West African country. . Others include Carbon and FairMoney.

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Nigeria Fund Raise San Francisco 96

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

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.

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Africa Product Kenya Raise 122

TechCrunch

MARCH 18, 2021

Today, one of the trailblazers in this area, Kuda Technologies , is announcing funding to continue building out its specific ambition: to provide a modern banking service for Africans and the African diaspora, or as co-founder and CEO Babs Ogundeyi describes them, “every African on the planet, wherever you are in the world.”

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Nigeria Raise Paypal Africa 126

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

FEBRUARY 14, 2023

In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding.

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Africa Fund Raise Morocco 107

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

AUGUST 9, 2021

In Nigeria, owning a car is a luxury very few people can afford. Moove , an African mobility company with a fintech play, wants to change that, and is raising $23 million in Series A to scale rapidly across the continent. Moove raised a $5.5 The Series A funding will allow Moove to grow and expand into new markets.

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Africa South Africa Nigeria Raise 126

TechCrunch

JANUARY 26, 2022

Husk Power Systems , a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years. In November last year, Husk launched its first six mini-grids in Nigeria, and is looking to have 100 operational within two years.

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TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. When we covered the company early in the year, it had already secured partnerships with more than 16 financial institutions in Nigeria. Image Credits: Mono.

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Africa Internet Ghana Raise 145

TechCrunch

OCTOBER 19, 2022

In the latest development, Bumpa , one of them which says it is building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round. . Integrating an ecosystem of products.

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Platform Raise Africa Nigeria 145

TechCrunch

FEBRUARY 17, 2022

Earnipay , a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Since operating in beta, Earnipay has served over 20 businesses, outsourcing firms and HR solution providers in Nigeria. 500 ($1). .

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Nigeria Accessibility Raise Ghana 87

TechCrunch

JANUARY 25, 2021

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . .” 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

MAY 11, 2022

Many platforms power these KYC processes, and one of them, Identitypass , is today announcing that it has raised $2.8 million in seed funding, months after graduating from Y Combinator. The round also comes a few months after the startup raised $360,000 in pre-seed investment last November, bringing its total funding to $3.1

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Africa API Fund Raise 94

TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. Smartphone re-commerce platform Cashify bags $90 million in new funding. Smartphone re-commerce startup Badili raises $2.1M

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Fund Kenya Africa Raise 97

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? Then, the disparities between venture funding studies were stunningly clear. . Briter Bridges : African startups raised $4.9

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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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