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

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

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. African tech took center stage in 2021. million seed round. .

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

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Nigeria Raise Online Asia 145

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. With millions of Nigerians using danfo minibuses and okadas to commute to their various workplaces and destinations, mobility startups have sought to digitize the market.

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Mobile Nigeria Share Raise 145

TechCrunch

OCTOBER 12, 2022

Africa’s $45 billion pharmaceuticals market is expected to grow 10% CAGR to $100 billion by 2030. Yet, the sector struggles with highly fragmented and undercapitalized supply chains rife with fake medications, which cause the death of thousands of patients yearly; in Nigeria, 20-40% of drugs are counterfeit. .

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Nigeria Raise Africa Software 82

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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TechCrunch

DECEMBER 16, 2021

The undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in “tech-led initiatives”, which includes a $50 million Africa Investment Fund targeted at early- and growth-stage startups on the continent.

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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. Valiant Capital, Kepple Ventures and SUNU Capital. Valiant Capital, Kepple Ventures and SUNU Capital.

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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 19, 2021

Nigerian mobility tech startup Metro Africa Xpress Inc. ( MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding.

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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. So when Chika Nwobi started Decagon in 2018, the perception was generally “here comes another tech talent accelerator.” What is Andela, the Africa tech talent accelerator?

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Training Train Nigeria Software 127

Fast Company Tech

MARCH 18, 2025

The tech from one startup, Electreon , is embedded in the nations first EV charging road. STACKT For giving small Canadian businesses the community, and boost, they need to succeed Torontos STACKT market, an outdoor bazaar built from repurposed shipping containers, has fostered a unique commercial community since 2019. Ford Motor Co.

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TechCrunch

JULY 20, 2021

million to scale across existing markets and improve its technology. “I survived a 21-day coma in Nigeria 15 years ago. Despite the company’s innovation, funding has been few and far between, as with many deep tech platforms with a significant focus on Africa. Today, the U.S. He went into a coma for three weeks.

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TechCrunch

NOVEMBER 25, 2021

Nigeria’s Rensource raises $20M to power African markets by solar. We’re not trying to be, you know, a tech-enabled digital distributor. Growing an average of 40% month on month in Nigeria, Sabi intends to replicate its rapid growth in other African countries Kenya and South Africa.

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Nigeria Platform South Africa Offline 84

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. 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.”.

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Nigeria Alternative Build Raise 139

TechCrunch

JANUARY 9, 2023

The oil palm is the first, and for now, the only crop Releaf works on; the oil palm market is a $3 billion market that consists of over 4 million smallholder farmers. It’s different for Releaf, which operates upstream and has less competition, at least when the application of tech is considered. SITE developed by Releaf.

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Process Tech Nigeria Africa 99

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

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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TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. Per sources, this includes growth, marketing and product departments. However, the event speaks to varied efforts startups — including soonicorns and unicorns — are making.

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TechCrunch

OCTOBER 18, 2022

After launching its inaugural school of engineering earlier this year and raising pre-seed funding, Nigeria’s AltSchool has expanded its catalog to include data and product schools, responding to the growing demand for these technical skills by youth and employers. And companies are looking outside of their primary market to hire talent.

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Course Skills Tech Nigeria 88

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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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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TechCrunch

APRIL 12, 2021

But issues around pricing, flexibility to innovate and a lack of local tech support always come up. The company based in Lagos, Nigeria, was founded by Emeka Emetarom , Obi Emetarom and Wale Onawunmi in 2008. Nigeria is becoming Africa’s unofficial tech capital. This is where Appzone has found its sweet spot.

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Technology Nigeria Raise Africa 145

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

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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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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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

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 21, 2022

African capital markets exist in silos, as various exchanges within the continent are often inaccessible to investors outside their home countries. Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets.

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TechCrunch

AUGUST 9, 2021

In Nigeria, owning a car is a luxury very few people can afford. Although they make up a small part of Africans who need Moove’s services, Delano says the market for “mobility entrepreneurs” is enormous. Moove’s loan repayment process is more suitable to drivers than what traditionally exists in the market.

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Africa South Africa Nigeria Raise 126

TechCrunch

OCTOBER 13, 2021

Living in Lagos, the commercial city of Nigeria, is not for the faint of heart. Though restaurants and domestic cleaning companies provide options for people who want to outsource these tasks, the market is still open for providers who can offer better convenience and quality. million seed round to deepen its market share.

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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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TechCrunch

FEBRUARY 3, 2023

SunFi , the Nigerian clean tech startup that connects people and businesses who want solar energy access to payment plans that match their needs, has raised $2.325 million in seed funding. Further market research revealed that other solar providers faced the same issue of customers requesting to pay in installments. Think about it.

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TechCrunch

FEBRUARY 1, 2022

Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you can name ( except mobile tech) people in these regions have always had to play catch up. million pre-seed to that end.

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Africa Adopt Marketing Raise 98

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

MARCH 10, 2022

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. without the outsized market of South Africa. The opportunity is massive.

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