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. Alerzo owns and operates its full-stack tech-driven supply chain and logistics to process these orders.

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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. While most mobility tech in the country is centred around two-wheelers and car-hailing, there’s been hardly any deliberate disruption in the bus-sharing and mass transit space.

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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

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

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. It’s a one-year program where students take classes for nine months (three semesters) followed by a three-month internship at local tech companies to gain experience.

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TechCrunch

MARCH 22, 2021

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.

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TechCrunch

OCTOBER 18, 2022

AltSchool’s co-founder and CEO Adewale Yusuf told TechCrunch that since launch, the school has received increased interest for the courses it offers, pointing to a growing pool of youth that are keen on careers in tech. Nigeria’s AltSchool raises $1M pre-seed to build an alternative school for Africans.

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TechCrunch

MARCH 9, 2021

And according to the company’s statement, they can do so “in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter by Flutterwave.” Rising African venture investment powers fintech, clean tech bets in 2020.

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TechCrunch

JANUARY 22, 2021

million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa. million; Nigerian automotive tech startup Autochek Africa , which raised $3.4 “We backed Fara because she’s a strong tech founder.

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TechCrunch

MARCH 29, 2021

Before TalentQL, Yusuf co-founded Nigeria-based tech media publication Techpoint Africa; Awoyemi co-founded online recruitment site Jobberman; and Sultan founded nonprofit tech accelerator DevCareer. based, wants to decentralize access and democratize opportunity for Africa’s top tech talents. . The TalentQL team.

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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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TechCrunch

JULY 19, 2021

In Nigeria, at least four platforms offer both local and foreign stocks to individuals. Yet for the average Nigerian interested , participating in trading local stocks is hard — and practically impossible for foreign ones. Robinhood is no exception. Chaka is one such platform. Today, it is announcing the close of its $1.5

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TechCrunch

JUNE 8, 2022

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. Much of the growth so far has been concentrated in four key markets: Nigeria, South Africa, Kenya and Egypt.

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TechCrunch

OCTOBER 11, 2021

Nigeria’s Mono raises millions to power the internet economy in Africa. I feel like Nigeria is capped in terms of how many businesses we can target,” said Hassan, who co-founded Mono with Prakhar Singh, over a call. Last September, the company had just completed a $500,000 pre-seed investment with a handful of local investors.

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TechCrunch

DECEMBER 1, 2022

Niche local brands are also emerging to offer tailored beauty and skin care products. Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. Uncover is scaling its operations in Kenya and expanding to Nigeria in January. Image Credits : Uncover Skincare.

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TechNode

SEPTEMBER 11, 2023

The three guests individually presented insights into their local markets and the varied challenges involved in developing the digital economy. The three guests individually presented insights into their local markets and the varied challenges involved in developing the digital economy.

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TechCrunch

AUGUST 5, 2022

The energy tech company, which provides data and grid management solutions to help Africa’s power sector distribute electricity more efficiently, is announcing today that it has closed a seed round of $2.7 and Nigeria-based utility company provides energy management software and analytics for utilities. Bim Adisa (CEO).

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TechCrunch

JANUARY 31, 2022

Bamboo , launched in January 2020, is one of such in Nigeria. In accessing investment options, especially in capital markets, both locally and globally, we want to make that easy for Africans because we’re driven to help Africans create and preserve wealth by owning shares in the world’s most successful companies.”.

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TechCrunch

JANUARY 18, 2022

Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and South Africa. Finclusion also uses a holistic tech stack that gets continuously upgraded with specific amendments in each country. to launch neobanks in Nigeria and other emerging markets.

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TechCrunch

MARCH 17, 2022

For years, tech publications run by local digital media startups have worked hard behind the scenes in placing African startups at the faces of global investors, shaping the narrative of African tech and its build-up to an inflection point last year. million in seed funding to expand its audience and build new verticals.

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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 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. San Francisco-based Global Founders Capital (GFC) led the round.

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TechCrunch

FEBRUARY 10, 2022

A mix of local and international investors such as MyAsia VC, Y Combinator, Flutterwave CEO Olugbenga “GB” Agboola and Mono CEO Abdul Hassan participated. Last November, Duplo got into Y Combinator and is taking part in the accelerator’s current winter batch. The YC-backed startup has also raised a $1.3

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TechCrunch

JANUARY 26, 2021

There are many stats to back up the underrepresentation of women in starting a company, raising money and general involvement in technology where the global tech workforce comprises 28.8% According to its website, “fixing capital access for female tech entrepreneurs in Africa needs an intentional, female-led approach.”

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TechCrunch

FEBRUARY 11, 2021

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent. million; Nigeria followed with $150.4

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TechCrunch

SEPTEMBER 12, 2022

Trond Riiber Knudsen of the TRK Group, an Oslo-based venture capital firm and an investor in HotelOnline, said in a statement, “A deal like this helps build a strong African travel-tech player, with a local and continental foothold. SoftBank-backed travel tech startup Yanolja acquires Korean e-commerce company Interpark .

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TechCrunch

AUGUST 29, 2022

Idorenyin Obong and Femi Aghedo founded Grey in July 2020 as an instant exchange service to help Nigerians exchange foreign currencies in their domiciliary account for local money — the naira. Grey Business has been in private beta for the last two months and the seed investment will help to launch it publicly across Nigeria and Kenya.

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TechCrunch

OCTOBER 25, 2021

Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital participated, including individual local investors and early backers such as Paga CEO Tayo Oviosu, Remita CEO John Obaro and Magic Fund. . Vendease tries to solve the challenges and inefficiencies in Africa’s highly fragmented food sector, starting with Nigeria.

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Fast Company Tech

MARCH 6, 2025

1 album on Audiomack belongs to Nigerias Seyi Vibez, whose hypnotic Afrobeats tracks have amassed around 1.8 Many of them consistently draw larger audiences on Audiomack than on Spotify or Apple Music , largely due to the platforms strong presence in local markets. 1 on iOS and Android in Nigeria and Ghana. The current No.

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TechCrunch

JANUARY 27, 2023

Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa. Partech: The venture capital outfit pegged funding for African tech at $6.5 Partech: Nigeria represented 23% of African tech’s total equity funding. Briter Bridges recorded $5.2

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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. million in “expansion” funding from Aruwa Capital, a Nigeria-based early-stage growth equity and gender-lens fund. . We’ve done a lot of work with less.

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TechCrunch

JUNE 9, 2022

His new job was to open a subsidiary for a French open source tech startup and that required hiring developers on the ground. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. However, finding a sizable number in Tunis was tough. “At

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TechCrunch

FEBRUARY 2, 2022

of its adult population had one form of insurance policy in Nigeria as of 2018. The self-described “Nigeria’s first 100% digital insurance company” has raised a $4 million pre-seed round. The local investors involved are all founders. Unlike the former, insurance around job loss is relatively uncommon in Nigeria.

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TechCrunch

MAY 2, 2022

At present, it’s currently focused on Nigeria, Philippines, Haiti and Cambodia, with a renewal bent designed to reduce emissions as it brings more populations online. The company has also been actively working with local governments to help accelerate the adoption of its technologies. “In

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TechCrunch

FEBRUARY 9, 2021

In October 2019, Njoku hinted that the company was going public either on the London Stock Exchange or a local exchange on the continent. But amid pandemic-induced lockdown fears, consumer discretionary spending reduced in Nigeria and other African markets.

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TechCrunch

MARCH 2, 2021

However , the whole process proved difficult and the fund wasn’t able to because he was stuck in Nigeria and could not visit London, New York and Washington DC, “where institutional and development finance capital sits.” In 2019, Nigeria accounted for more than 53% of the diaspora remittances to the African continent.

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Tech Soup

OCTOBER 3, 2016

But don't be afraid — huddle up for warmth and knowledge with your nonprofit tech friends at a local Tech4Good meetup. Find your local #Tech4Good group. Check out our newest groups: * [NetSquared Abuja]([link] in Abuja, Nigeria --> --> What have NetSquared groups been up to recently? Monday, October 3, 2016.

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TechCrunch

JANUARY 17, 2022

As with most technologies, Africa is playing catch up in this food-tech segment. One such startup is Nigeria’s Orda , formerly known as StarKitchens. But a few startups are paying attention to the market, positioning themselves to become top players when it matures.

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