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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Nigeria Digital Africa Raise 94

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. Thus, its platform makes it “easy for these businesses to issue corporate expense cards (Visa for now) and software, mainly for sales and marketing teams, to track and control spending.

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TechCrunch

FEBRUARY 9, 2022

Nigeria has more than 12 million registered vehicles , and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given this number, one would expect effective vehicle maintenance to be standard in Nigeria. million seed round. .

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Nigeria Service Africa Mobile 95

TechCrunch

APRIL 5, 2022

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs.

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Nigeria Mobile Raise Offline 91

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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Nigeria Raise Online Asia 145

TechCrunch

FEBRUARY 16, 2022

Nigeria has an average of 4.8 The company said it will use part of the capital to expand its team, geographical operations and marketing to increase its 7,000-strong active agent network three-fold this year. bank branches and 19 ATMs per 100,000 adults, compared to the world average of 13 bank branches and 40 ATMs.

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Nigeria Accessibility Raise Community 93

TechCrunch

DECEMBER 14, 2023

The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia will cease […] © 2023 TechCrunch. All rights reserved.

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TechCrunch

NOVEMBER 25, 2021

Nigeria’s Rensource raises $20M to power African markets by solar. We’re not trying to disintermediate a market full of hyper-specialization where one of the defining characteristics of the informal sector is you have all these middlemen and agents performing a very narrow role,” Adesina said to TechCrunch. “

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Nigeria Platform South Africa Offline 84

TechCrunch

AUGUST 23, 2021

In an emailed statement, OPay CEO Yahui Zhou said OPay “wants to be the power that helps emerging markets reach a faster economic development.” ” The company, founded in 2018, had an exclusive presence in Nigeria before last year. The company plays in an extremely competitive fintech market.

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TechCrunch

DECEMBER 8, 2021

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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TechCrunch

DECEMBER 16, 2021

Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. Though Google’s investment in SafeBoda serves as an early reminder of Gajria’s statement, startups from the Big Four markets will likely fill the fund’s portfolio in the next couple of years.

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Africa Fund Uganda Nigeria 145

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

MAY 2, 2022

The Sydney-based company creates hardware and software solutions designed to bring solar-based power to developing markets. 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. Headcount will increase as well.

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Marketing Nigeria Philippines Haiti 95

TechCrunch

APRIL 13, 2022

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

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Digital Marketing Raise Nigeria 95

TechCrunch

MAY 4, 2022

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2

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Burkina Faso Africa Nigeria Companies 139

TechCrunch

FEBRUARY 7, 2022

Reports say healthtech in Africa should reach a market value of over US$11 billion by 2025 and Reliance Health is looking to play a pivotal role in the continent reaching that capitalization. So essentially what we’re trying to do is to use technology to make quality health care accessible and affordable in emerging markets.”.

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Nigeria Raise Africa Egypt 135

TechCrunch

MAY 26, 2021

OPay also claims to process about 80% of bank transfers among mobile money operators in Nigeria and 20% of the country’s non-merchant point of sales transactions. OPay plays in an extremely competitive fintech market. Airtel Africa sells $200M mobile money business stake to TPG’s Rise Fund.

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Nigeria Africa Raise Report 135

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. ” he said.

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University Nigeria Build Africa 145

TechCrunch

NOVEMBER 12, 2021

The global venture capital market is increasingly active , but few locales are seeing the sort of investment acceleration that African startups are enjoying this year. The Exchange explores startups, markets and money. Any heating market won’t warm evenly, and the African startup scene is no exception to the rule.

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Africa Marketing Nigeria Newsletter 96

TechCrunch

FEBRUARY 17, 2022

Since operating in beta, Earnipay has served over 20 businesses, outsourcing firms and HR solution providers in Nigeria. That said, the experience of Earnipay’s investors in backing identical companies across emerging markets will be pivotal to the Nigerian fintech’s growth. 50,000 ($100) withdrawals, the charge increases to ?500

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Nigeria Accessibility Ghana Raise 87

TechCrunch

DECEMBER 5, 2021

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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Africa Kenya Marketing Nigeria 99

TechCrunch

FEBRUARY 18, 2021

billion underbanked people globally , the majority of which are from emerging markets. One such company is FairMoney , which describes itself as “the mobile banking revolution for emerging markets.” Before expanding, FairMoney experienced exponential growth in Nigeria in terms of loans disbursement. There are over 1.7

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TechCrunch

FEBRUARY 1, 2022

Nigeria has a population of almost 200 million, with 60% under the age of 25. That’s one of the reasons we launched AltSchool because if a lot of people can have marketable skills, then I think we can solve a massive problem in the market.”. Nigeria’s Decagon raises millions to finance and train software engineers.

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Nigeria Alternative Build Raise 139

TechCrunch

MAY 5, 2022

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. while the rest are spread across Africa, Latin America and Southeast Asia, markets where they deployed more than $6 million last year. About 40% are based in the U.S., million from rali_cap and other backers last month.

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Global Fund Marketing Africa 98

TechCrunch

DECEMBER 18, 2023

According to the company, its food delivery business didn’t align with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia Food will […] © 2023 TechCrunch. All rights reserved.

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Algeria Tunisia Morocco Uganda 128

TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. She discovered that many people she talked to in emerging markets were creditworthy but lacked immediate access to credit and quick loans.

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Marketing Service Kenya India 110

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. And though there are some similarities, Ekezie believes he and his team have rewired Kippa to adapt to the needs of businesses in Nigeria.

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TechCrunch

NOVEMBER 14, 2021

The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as quality concerns; as fake and substandard products flood the market. This is besides its more grandiose plan of venturing outside Nigeria into other markets within Africa.

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TechCrunch

OCTOBER 11, 2021

market to theirs — thrives on the notion that access to a financial ecosystem via open APIs will improve access to financial information and lower entry costs for the underbanked. . Nigeria’s Mono raises millions to power the internet economy in Africa. More than half of the population is either unbanked or underbanked.

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TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., Per sources, this includes growth, marketing and product departments. has joined the ranks of tech companies in Africa that are pruning their workforce. Kuda said in the email that affected staff cuts were made across various departments in the company.

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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 11, 2021

With other outlets like media publications WeeTracker and Disrupt Africa disclosing different results for the African venture capital market, we compared and contrasted their results last year. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent. million; Nigeria followed with $150.4

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South Africa Raise Africa Ghana 129

TechCrunch

DECEMBER 1, 2022

Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants. Image Credits : Uncover Skincare.

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Africa Product Kenya Nigeria 122

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. As such, startups have launched various bookkeeping solutions to digitize operations of these small businesses in a traditional retail sector worth more than $200 billion alone in Nigeria.

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Nigeria Management Fund Business 116

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.

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Nigeria Africa Report Mauritius 138

TechCrunch

JANUARY 22, 2021

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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Africa Nigeria API Egypt 137

TechCrunch

DECEMBER 30, 2021

It went public on the Egyptian stock market (the first indigenous tech company to do so on African soil) in 2019. 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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