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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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. pre-seed to build financial OS for B2B companies in Nigeria.

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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

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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TechCrunch

FEBRUARY 16, 2022

Nigeria has an average of 4.8 “ When you look at most of the successful companies in Nigeria, they all had to build some sort of offline distribution.”. Typically , more than 200,000 agents across Nigeria refinance their working capital by taking long walks to the banks or the fintechs they work for like TeamApt.

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Mashable Tech

FEBRUARY 12, 2025

Last year, the company removed at least 63,000 Instagram accounts in Nigeria that attempted to financially extort victims. While sextortion can happen on any platform, and between people who know each other in person, criminals and scammers have used Meta to target victims.

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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. Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain. The company is announcing a $10.5

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TechCrunch

AUGUST 23, 2021

” The company, founded in 2018, had an exclusive presence in Nigeria before last year. By simply allowing unbanked and underbanked users in Nigeria to send and receive money and pay bills through a network of thousands of agents, OPay has grown at an exponential rate. The company plays in an extremely competitive fintech market.

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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. Now, it offers rides, parcel delivery, food and shop, payments, savings and other financial services to over 1 million customers in Uganda and its second market, Nigeria.

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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. With the money OPay has raised so far, i t’s quite surprising that the country until last year December was only present in Nigeria.

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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. ” he said.

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TechCrunch

FEBRUARY 7, 2022

Kuti’s comments highlight critical issues with healthcare in Nigeria: accessibility and affordability. In Nigeria and some emerging markets, it’s common for people to take healthcare for granted. In 2015, the three co-founders launched Kangpe, a telemedicine-focused startup in Nigeria with a “doctor in your pocket” slogan.

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TechCrunch

FEBRUARY 1, 2022

Nigeria has a population of almost 200 million, with 60% under the age of 25. The company is also exploring B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classes. Nigeria’s Decagon raises millions to finance and train software engineers.

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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. but rarely used in markets like Nigeria. “In

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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. The news of the layoffs, which was first disclosed to TechCrunch by sources, was confirmed by Kuda via email, saying it laid off less than 5% of its 450-strong workforce, or about 23 people.

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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

NOVEMBER 14, 2021

Chibuzo Opara and Adham Yehia, being all too familiar with the problems of poor pharmaceutical supply chains, are planning to widen the reach of DrugStoc, a e-health drug procurement platform that eliminates these challenges by linking drug companies with institutions such as hospitals and pharmacies, in Nigeria. million series A funding.

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TechCrunch

NOVEMBER 18, 2021

In Nigeria, some go to the extent of keeping information offhand. Most of these features are geared at onboarding a wide range of businesses in Nigeria to the platform; however, the strategy is to introduce credit and other financial services to them. The company claims that merchants who use Kippa this way “recover debts 3x faster.”.

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TechCrunch

DECEMBER 30, 2021

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. Nigeria became the unicorn capital; Egypt, a powerhouse. Fintech opportunity in Nigeria is the largest on the continent.

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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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TechCrunch

MARCH 1, 2022

Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana. Ex-SafeBoda executive Babajide Duroshola joins M-KOPA to lead expansion into Nigeria. Since launching in Nigeria, M-KOPA has acquired over 50,000 customers, its executives said.

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TechCrunch

FEBRUARY 18, 2021

Three years after launching its mobile lending service in Nigeria , the company set up shop in India , Asia’s second-most populous country in August 2020. Before expanding, FairMoney experienced exponential growth in Nigeria in terms of loans disbursement. FairMoney has come a long way since its Nigeria launch in 2017.

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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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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

MARCH 7, 2022

So, u sers from different countries — Ghana, Nigeria and Kenya, for now — can connect their bank or mobile money accounts to Dash, pay bills, and send and receive money to other users while the platform handles currency conversions. Dash claimed to process over $300 million in TPV in January, up 300% monthly from Q4 2021.

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TechCrunch

FEBRUARY 10, 2022

Startups have sought to use technology to digitize processes in Africa’s B2B e-commerce and retail space over the past couple of years. While many focus on moving products and providing credit, issues around cash overdependency haven’t been tackled at scale. . Here’s why this is a critical problem.

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TechSpot

MAY 25, 2023

India, Indonesia, Russia, Turkey, and Ukraine are listed as priority level 2, while Argentina, Brazil, Ecuador, Malaysia, Nigeria, Saudi Arabia, and Thailand come in at level 3. The thirteen countries in the EC's crosshairs are headed by China (via TorrentFreak), which was singled out as the biggest concern. Read Entire Article

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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. Ogundeyi experienced this during her schooling days in Nigeria, and she said she started Edukoya after contrasting K-12 experiences in the West African country and the U.K.

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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

FEBRUARY 11, 2021

Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent. The countries remained unchanged on Partech’s top five as Nigeria remained the VC’s top destination with $307 million. million; Nigeria followed with $150.4 Funding raised by Kenyan startups reached $191.4

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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. Hassan adds that Mono might complete the move to South Africa via a partnership with Absa bank this year.

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TechCrunch

MARCH 9, 2021

.” In a statement, Agboola gives credit to the company’s more than 300 staff, investors, customers and regulatory bodies like the Central Bank of Nigeria (CBN) for creating the backbone for Flutterwave’s success. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent.

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TechCrunch

MARCH 29, 2022

The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report. But becoming a market leader in Nigeria or Africa isn’t CredPal’s for the taking. Nigeria’s ThankUCash secures $5.3M

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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

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

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TechCrunch

MARCH 24, 2021

Nigeria remains a largely cash-dominated country. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. This increases the pie of customers fintechs can serve instead of taking a slice of an existing one.

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TechCrunch

SEPTEMBER 15, 2021

And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. First, it planned to increase productivity in Nigeria’s agricultural sector using software.

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