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Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

TechCrunch

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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These undergraduates left university to build Flux, a payments startup now in YC

TechCrunch

to reach a relative in Nigeria. Ben Eluan and Osezele Orukpe , two software engineers based in Nigeria, faced this problem in 2019. The company witnessed this growth despite the Central Bank of Nigeria’s clampdown on crypto exchange activities. Nigeria is becoming Africa’s unofficial tech capital. ” he said.

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Nigeria’s digital payroll platform Bento expands to Kenya, Rwanda and Ghana, to enter six other African markets in 2022

TechCrunch

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. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. For investors, it hopes to help them build local market intelligence. The continent’s $115 billion digital economy is in its early phases. Africa’s digital opportunity.

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How fintech and serial founders drove African pre-seed investing to new heights in 2020

TechCrunch

million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . Typically, pre-seed rounds are raised when the startup is still in the product development phase, yet to make revenue or discover product-market fit. Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa.

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Pillow wants to make crypto saving and investing easy for new users

TechCrunch

It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. It focuses on retail investors, enabling them to start with investments as small as $5.

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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

The reason lies behind the fact that in this quarter, Nigeria has accounted for 76% of the company’s messaging transactions, while Algeria currently accounts for 15%. Termii’s round is also noteworthy because it strays away from the usual fintech, mobility, agritech and cleantech sectors that investors typically notice.

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