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The motorcycle ride-hailing wars in Nigeria and Uganda is SafeBoda’s to lose

TechCrunch

On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. T his might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets.

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Tiger Global backs African fintech Mono in $15M Series A round

TechCrunch

The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors Target Global (an investor in neobank Kuda), General Catalyst, and SBI Investment. Tiger Global confirmed it led the investment in an email to TechCrunch.

Global 141
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Using Pinterest To Raise Awareness About Violence Against Women in Nigeria

Beth's Blog: How Nonprofits Can Use Social Media

I was going to write something patriotic about social media, but I got an email from Mari Tikkanen with story about her recent experience working with maternal/reproductive health organizations and human rights NGOs in Nigeria for the MacArthur Foundation. LACVAW also hope to raise global awareness.

Nigeria 105
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Why Nigeria leads the way in YC’s participation in Africa

TechCrunch

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. Apart from revenue thresholds, the accelerator shared another interesting statistic concerning Nigeria. Y Combinator is paying attention.

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Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets

TechCrunch

Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. 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 TA Ventures, Jiji, u.ventures and AVentures Capital also participated.

Nigeria 104
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Clean energy firm Husk signs UN energy compact as it begins solar mini-grid expansion in Nigeria, rest of Africa

TechCrunch

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.

Nigeria 97
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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Tiger Global is earning its stripes in Africa.

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