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. Location : Lagos, Nigeria. Location : Lagos, Nigeria. pre-seed to build financial OS for B2B companies in Nigeria.

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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. Other notable startups in the space are Kenya’s MyDawa, Ghana’s mPharma and Nigeria’s DrugStoc.

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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. million in pre-seed funding led by European VC firm Target Global. million in pre-seed funding led by European VC firm Target Global. Like in the U.S.,

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TechCrunch

MARCH 16, 2022

Still on competition and market play, MarketForce , an asset-light platform, is present in Kenya, Nigeria, Uganda, Tanzania and Rwanda. TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and South Africa. It was strategic.

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TechCrunch

OCTOBER 27, 2021

Union54 , the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. Tiger Global declined to comment on the investment. Tiger Global had invested in Nigerian startups Jobberman, Cheki and Wakanow, and South African e-commerce company Takealot this past decade.

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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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TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan. has joined the ranks of tech companies in Africa that are pruning their workforce.

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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. ” Badamosi, who returned to Nigeria from the UK in 2015, worked as the general manager for Starta Africa, an online community for African tech entrepreneurs. The introductory batch was all Nigerian.

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TechCrunch

MARCH 9, 2021

hedge fund and investment firm Tiger Global led the Series C round. New and existing investors who participated include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, Worldpay FIS 9yards Capital. . Image Credits: Flutterwave.

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TechCrunch

DECEMBER 30, 2021

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. More experienced founders exist and specific markets, particularly in the Big Four (Nigeria, South Africa, Egypt and Kenya), show a mix of matured but still open-for-disruption traits.

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TechCrunch

MAY 5, 2022

” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.

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TechCrunch

NOVEMBER 18, 2021

Millions of small businesses globally, especially in emerging markets, have stayed offline for the better part of the past decade. In Nigeria, some go to the extent of keeping information offhand. The startup’s new financing round was led by Berlin-based VC Target Global. million in pre-seed funding.

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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. but rarely used in markets like Nigeria. “In

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Africa Nigeria Raise South Africa 138

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. The San Francisco-based venture capital firm also backs Mexico-based Minu alongside Village Global.

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TechCrunch

MARCH 7, 2022

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. In total, it has processed over $1 billion since its launch in 2020 from 1 million customers the company has acquired from Ghana, Kenya and Nigeria, Boampong said. Africa has it different. It’s not a predominantly card continent.

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TechCrunch

DECEMBER 16, 2021

Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. Now, it offers rides, parcel delivery, food and shop, payments, savings and other financial services to over 1 million customers in Uganda and its second market, Nigeria.

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TechCrunch

JULY 6, 2021

Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. Some MAGIC portfolio companies. Here’s a scenario. Thus, they decided to create MAGIC.

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TechCrunch

APRIL 19, 2021

Today, it is doubling down on this effort by announcing the global expansion of its engineering talent. When Andela launched in 2014, it built hubs in Nigeria, Kenya, Rwanda and Uganda to source, vet and train engineers to be part of remote teams for international companies. Then it became living in Nigeria. Then Kenya.

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.

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TechCrunch

MARCH 15, 2021

That might be a thing of the past for some businesses as African payments company Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. This is a pain point for these businesses, particularly in Nigeria.

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TechCrunch

NOVEMBER 3, 2022

Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.

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TechCrunch

FEBRUARY 7, 2022

There’s no denying the growth of healthtech globally over the past three years thanks to the pandemic. 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.

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TechCrunch

OCTOBER 25, 2021

San Francisco-based venture capital firm Global Founders Capital led the seed round. Vendease tries to solve the challenges and inefficiencies in Africa’s highly fragmented food sector, starting with Nigeria. Vendease founders (Wale Oyepeju, Gatumi Aliyu, Olumide Fayankin and Tunde Kara). Image Credits: Vendease.

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TechCrunch

FEBRUARY 1, 2022

Andela has been pivotal to placing the continent’s tech talent globally. Nigeria has a population of almost 200 million, with 60% under the age of 25. The company is also exploring B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classes. African tech took center stage in 2021.

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TechCrunch

MAY 25, 2022

Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global. The round, which closed sometime in March, is Tiger Global’s second investment in the B2B e-commerce space after backing Wasoko in its mega Series B round. million seed round we covered.

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Fast Company Tech

MARCH 12, 2025

Technology workers in Kenya have held a vigil for a colleague who died in unclear circumstances after she was unable to travel to her home in Nigeria for two years. Her family in Nigeria says she only traveled once since coming to Kenya three years ago.

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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 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

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. Delle is a World Economic Forum Young Global Leader, and a Harvard and Oxford graduate.

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Africa Ghana Kenya Nigeria 101

TechCrunch

JUNE 7, 2022

The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Image Credits: Klasha. KlashaCart.

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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 San Francisco-based Global Founders Capital (GFC) led the round. At some point, we wanted to issue cards and worked with one of the local banks in Nigeria,” said CEO Bakori. million in pre-seed funding.

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TechCrunch

SEPTEMBER 12, 2022

Kippa said the investment will allow it to develop financial products that help SMEs grow their businesses and grow its team in Nigeria. million pre-seed from Target Global and other investors last November. Nigeria’s Kippa gets $3.2M Nigeria’s Kippa gets $3.2M The company announced its $3.2

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TechCrunch

NOVEMBER 10, 2021

In February, Disha , a Nigeria-based platform that allows digital creators to curate, sell digital content, create portfolios and receive payments from their audience globally, announced that it was closing shop. Although Disha had users globally, its revenues were low, making slightly above $1,000 in monthly recurring revenue.

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TechCrunch

SEPTEMBER 28, 2021

But Backdrop is not unlike other global social media platforms that allow users to take ephemeral photos, flex their lifestyle on disappearing stories or discover millions of personalized short videos. The company has a photo research team that finds these places across 26 cities globally. Building a global product.

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TechCrunch

FEBRUARY 11, 2021

Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent. “When these companies evolve to go global, we still count them as African companies.” The countries remained unchanged on Partech’s top five as Nigeria remained the VC’s top destination with $307 million.

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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. “We closed February at $2.2 ” Image Credits: Kuda.

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Nigeria Raise Paypal Africa 126

TechCrunch

FEBRUARY 18, 2021

billion underbanked people globally , the majority of which are from emerging markets. Three years after launching its mobile lending service in Nigeria , the company set up shop in India , Asia’s second-most populous country in August 2020. FairMoney has come a long way since its Nigeria launch in 2017. There are over 1.7

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