TechCrunch

FEBRUARY 7, 2022

Lagos- and Texas-based digital healthcare provider Reliance Health is the latest beneficiary and is doing so in grand style, raising $40 million. Kuti’s comments highlight critical issues with healthcare in Nigeria: accessibility and affordability. Reliance previously raised a $2 million seed round months post-YC in 2017.

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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. Nwobi says Decagon aims to address the underrepresentation of black people in tech globally, starting with Nigeria. also took part.

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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

FEBRUARY 11, 2021

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9%

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TechCrunch

JANUARY 13, 2022

that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We In terms of the credit product, we see an opportunity for a “mass credit card” in Nigeria.

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TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 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.

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TechCrunch

MARCH 9, 2021

In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4 African fintech firm Flutterwave raises $35M, partners with Worldpay.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. Nigeria has a population of almost 200 million, with 60% under the age of 25. Nigeria’s Decagon raises millions to finance and train software engineers.

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TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million.

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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

JANUARY 26, 2022

Husk Power Systems , a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years. In November last year, Husk launched its first six mini-grids in Nigeria, and is looking to have 100 operational within two years.

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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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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. billion in 2026 from $14.2

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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. YC-backed Duplo raises $1.3M Location : Lagos, Nigeria.

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TechCrunch

NOVEMBER 1, 2021

Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. After that, Twiga will look at other markets — Cote d’Ivoire, DRC Congo, Ghana and Nigeria. million equity and $6.25 million debt — in 2019.

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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. African payments company Flutterwave raises $170M, now valued at over $1B.

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TechCrunch

FEBRUARY 17, 2022

Earnipay , a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Since operating in beta, Earnipay has served over 20 businesses, outsourcing firms and HR solution providers in Nigeria. 500 ($1). .

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TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. When we covered the company early in the year, it had already secured partnerships with more than 16 financial institutions in Nigeria. Image Credits: Mono.

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TechCrunch

DECEMBER 1, 2022

Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million. Uncover is scaling its operations in Kenya and expanding to Nigeria in January.

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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. African payments company Flutterwave raises $170M, now valued at over $1B.

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TechCrunch

OCTOBER 13, 2021

Living in Lagos, the commercial city of Nigeria, is not for the faint of heart. Eden Life , strategically positioning itself as the go-to platform for home service needs, has raised a $1.4 When the founders, ex-Andelans (a term to describe previous Andela staff), launched the home service app two years ago, it raised some eyebrows.

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TechCrunch

AUGUST 23, 2021

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5 valuation.

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TechCrunch

JANUARY 25, 2021

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . .” Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria as well as the Zambian and Kenyan governments.

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TechCrunch

OCTOBER 19, 2022

In the latest development, Bumpa , one of them which says it is building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round. . Integrating an ecosystem of products.

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TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.

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TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? How many deals and how much did African startups raise? Briter Bridges : African startups raised $4.9 billion to $1.5

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TechCrunch

NOVEMBER 25, 2021

One-year-old Sabi — a spinoff from Rensource , an African energy company that offers power-as-a-service to customers — is the latest startup to raise funds to serve the informal sector. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.

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TechCrunch

JANUARY 18, 2022

Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. to launch neobanks in Nigeria and other emerging markets. With over 1.2 Fintech Farm nabs $7.4M

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TechCrunch

MAY 14, 2023

Iortim says Figorr is currently on an expansion bid, following an increase in demand for its solutions outside Nigeria. million seed funding it has raised in a round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult. The startup has so far raised $1.7 The startup has so far raised $1.7

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TechCrunch

DECEMBER 6, 2021

TradeDepot , a Nigeria- and U.S.-based based company that connects consumer goods brands to thousands of retailers and help out with distribution, has raised $110 million in new equity and debt funding round as it looks to bring in more retail stores and expand its buy now, pay later service across the continent.

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TechCrunch

MARCH 22, 2021

to Nigeria can be a painstaking process. Today, another YC-backed startup, Afriex — but from the Summer 2020 batch — is raising a $1.2 At the time, Afriex was only present in Nigeria and the U.S. Sending money from the U.S. debit card to enter a Nigerian bank account. . million seed round. .

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TechCrunch

FEBRUARY 10, 2022

The YC-backed startup has also raised a $1.3 Currently, it has processed over $380,000; however, Duplo has plans to reach $40 million in annualized TPV by the end of Q2, said the CEO. Last November, Duplo got into Y Combinator and is taking part in the accelerator’s current winter batch.

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TechCrunch

MARCH 9, 2022

Agency banking is big business in Nigeria and sub-Saharan Africa. Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. ” In Nigeria, over 42 million adults who live in rural areas lack basic banking services. .

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. 2021 was when African tech reached an inflection point and took center stage as companies raised over $4 billion (more than they got in 2019 and 2020 combined). It wasn’t a bad year, though. billion and $2.8

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TechCrunch

SEPTEMBER 2, 2022

Kuda , the challenger bank based in Nigeria and the U.K., The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan. Kuda, the African challenger bank, raises $55M at a $500M valuation.

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TechCrunch

DECEMBER 16, 2021

Collectively , they have raised over $100 million in venture capital. Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. The motorcycle ride-hailing wars in Nigeria and Uganda are SafeBoda’s to lose. Google sets up $50M fund to invest in African startups.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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