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. also took part.

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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. After years of bootstrapping, the company has raised $1.6 million in seed funding from several investors to blitz scale within and outside Nigeria. Despite raising just ?

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TechCrunch

MARCH 7, 2022

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. Today, the unified payments app is announcing that it has raised $32.8 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.

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TechCrunch

APRIL 12, 2021

The company based in Lagos, Nigeria, was founded by Emeka Emetarom , Obi Emetarom and Wale Onawunmi in 2008. Since its inception , the Google for Startups Accelerator alumnus claims to have led Africa’s fintech sector in some global firsts from the continent. Nigeria is becoming Africa’s unofficial tech capital.

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TechCrunch

FEBRUARY 11, 2021

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9%

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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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

FEBRUARY 7, 2022

There’s no denying the growth of healthtech globally over the past three years thanks to the pandemic. Lagos- and Texas-based digital healthcare provider Reliance Health is the latest beneficiary and is doing so in grand style, raising $40 million. Reliance previously raised a $2 million seed round months post-YC in 2017.

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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. billion in 2026 from $14.2

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TechCrunch

JANUARY 13, 2022

that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. Meanwhile, despite its original plan to use partner banks, Fintech Farm has done the opposite in Nigeria so far.

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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

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

FEBRUARY 1, 2022

Andela has been pivotal to placing the continent’s tech talent globally. 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.

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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

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. Today, the Lagos- and London-based startup, which builds online education content and offers online tutoring for students and their parents, raised $3.5 Like in the U.S.,

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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. YC-backed Duplo raises $1.3M Location : Lagos, Nigeria.

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TechCrunch

NOVEMBER 1, 2021

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. First-time investors OP Finnfund Global and Endeavor Catalyst Fund participated as well. “We million equity and $6.25 million debt — in 2019.

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TechCrunch

JANUARY 31, 2022

There are many Robinhood-esque platforms globally because of a growing need to invest in U.S. Bamboo , launched in January 2020, is one of such in Nigeria. Following two years of significant growth and raising $2.4 Following two years of significant growth and raising $2.4 stocks in different parts of the world.

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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. Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. 500 ($1). .

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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. Kuda, the African challenger bank, raises $55M at a $500M valuation.

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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. African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. It wasn’t a bad year, though. billion and $2.8

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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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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 sold more than 17 million new cars that same year. million seed round last year.

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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. Though, just eight of those companies got investments.

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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

OCTOBER 13, 2021

Living in Lagos, the commercial city of Nigeria, is not for the faint of heart. Eden Life , strategically positioning itself as the go-to platform for home service needs, has raised a $1.4 Africa-focused VCs Samurai Incubate, Future Africa, Village Global, Rising Tide Africa and Enza Capital participated. LocalGlobe, a U.K.-based

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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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TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.

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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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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

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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TechCrunch

DECEMBER 16, 2021

Collectively , they have raised over $100 million in venture capital. Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. SafeBoda is thrilled that leading global companies such as Google see the importance of backing startups working towards these goals.” .

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

FEBRUARY 22, 2022

The global chat commerce’s total addressable market is worth an estimated $80 billion and is seen as the third big wave of digital commerce after e-commerce and app commerce markets. The global contactless payment market worth $12 billion in 2019 is expected to reach $52 billion in the next five years.

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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. Nigerian startup Kippa , attempting to improve the life cycle of these small businesses with its finance management app, has raised $3.2

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TechCrunch

JANUARY 18, 2022

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing.

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TechCrunch

DECEMBER 12, 2022

Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. 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 Made.com raises another $56 million.

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