Entrepreneurship Archives - Enterprise, Awards, Innovation, Events, Brands, info

Nigeria’s Mecho Autotech raises $2.4m pre-Series A, expands into wholesale automotive spare parts distribution.

NigGalSeptember 15, 2023September 15, 2023

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Nigeria’s Mecho Autotech, which provides quality automotive spare parts and vehicle repairs and maintenance services, has closed a US$2.4 million pre-Series A funding round to...

Entrepreneurship

Oluseyi Akindeinde, secures patent for blockchain-driven authentication system.

NigGalSeptember 8, 2023September 8, 2023

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Hyperspace Technologies Limited has secured a patent for Blockchain technology-driven Multi-Factor Authentication (MFA). Developed within Hyperspace Technologies’ research and development (R&D) division, cipherKEY tap2sign™ MFA...

Entrepreneurship

Applications open for 5th edition of $50k MEST Africa Challenge.

NigGalSeptember 5, 2023September 5, 2023

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MEST Africa has announced the opening of applications for the fifth edition of the MEST Africa Challenge, the winner of which will secure US$50,000 in...

Entrepreneurship

Anchor closes $2.4 million to scale banking-as-a-service for African businesses

NigGalSeptember 5, 2023September 25, 2023

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Since its public debut one year ago, Anchor has processed more than $550 million. YC-backed embedded finance fintech, Anchor, has raised $2.4 million in a...

Entrepreneurship

Nigeria retains market dominance as fintechs raise over $2.7bn in 2 years.

NigGalAugust 21, 2023September 25, 2023

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MORE than $2.7 billion has flooded into the African financial technology (fintech) ecosystem in the last 24 months as Nigeria maintains Africa’s most fintech-populated country...

Entrepreneurship

Moove secures $334m funding

NigGalAugust 11, 2023September 5, 2023

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Moove says it has successfully secured $76m financing which will boost Nigeria’s mobility and logistics sector. It said it got a total of $334m in...

Entrepreneurship

Nigeria’s Remedial Health raises $12m to deliver financial services for neighbourhood pharmacies.

NigGalAugust 4, 2023September 25, 2023

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Nigeria’s Remedial Health, an e-health startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has secured US$12 million in an equity and...

Entrepreneurship

Nigerian merchant solution startup Traction raises $6m to accelerate growth.

NigGalAugust 4, 2023September 25, 2023

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Nigerian merchant solution platform Traction has raised a US$6 million seed round in funding to drive expansion, accelerate growth, and strengthen its team. Traction has developed...

Entrepreneurship

Nigerian e-health startup Clafiya closes $610k pre-seed funding round.

NigGalJuly 28, 2023September 25, 2023

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Nigerian e-health startup Clafiya has raised a US$610,000 pre-seed funding round to help accelerate its growth, finance product development, and hire tech talent. Founded in...

Entrepreneurship

Zuvy raises $4.5 million to scale invoice financing in Nigeria

NigGalJuly 5, 2023July 5, 2023

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Zuvy, a Nigeria-based invoice financing company, is changing the vendor-buyer relationship by offering cash upfront to vendors to meet their business needs and invoice management...

Entrepreneurship

NEXIM partners Fidelity Bank, Sapphital to grow Nigeria’s export.

NigGalJuly 3, 2023July 3, 2023

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As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with Fidelity Bank Plc and...

Entrepreneurship

Termii raises $3.65 million to reimagine digital communication in Africa.

NigGalJune 20, 2023June 20, 2023

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This startup imagines communications in Africa should be radically different. So they are getting their hands dirty, with fresh support worth millions of dollars. If...

Entrepreneurship

Nigeria’s Haul247 secures $3m seed funding to grow market share, expand across Africa.

NigGalJune 14, 2023June 14, 2023

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Nigeria’s Haul247, an end-to-end logistics tech platform connecting businesses to haulage and warehousing assets in one ecosystem, has raised US$3 million in seed funding to...

Entrepreneurship

Applications open for latest edition of Pitch AgriHack 2023.

NigGalJune 14, 2023June 14, 2023

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Applications have opened for the latest edition of Pitch AgriHack 2023, which is seeking young agri-tech entrepreneurs with solutions addressing food security challenges and empowering...

Entrepreneurship

Nigeria’s Helium Health raises $30m Series B funding to expand fintech offering.

NigGalJune 9, 2023June 9, 2023

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Nigerian e-health startup Helium Health has raised US$30 million in Series B funding to help it expand the reach of its fintech product HeliumCredit. Founded...

Entrepreneurship

Nigerian startups invited to apply for $10k Pitch2Win challenge.

NigGalJune 9, 2023June 9, 2023

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TechCircle Limited, in collaboration with SGgrow and SGverse, has launched Pitch2Win, an opportunity for innovative startups in the Web2 and Web3 space to showcase their...

Entrepreneurship

How Nigeria’s FoodCourt is making meals more accessible via cloud kitchen approach.

NigGalJune 9, 2023June 9, 2023

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Nigerian cloud kitchen startup FoodCourt is focused on making good food more accessible, through the curation of localised virtual restaurant brands. Launched in September 2021,...

Entrepreneurship

Sabi raised $38 Million for B2B marketplace serving African retailers.

NigGalMay 24, 2023May 24, 2023

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Nigeria-based B2B eCommerce firm Sabi has raised $38 million in Series B funding. Sabi is providing digital commerce infrastructure to Africa’s informal economy, has raised $38 million in Series...

Entrepreneurship

Mecho Autotech to launch version 2.0 of vehicle management app and new automotive spare parts marketplace in 3Q

NigGalMay 7, 2023May 7, 2023

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This latest version of Mecho’s flagship product will provide even more flexible features and financing options, helping corporate fleet owners and individuals streamline the auto...

Entrepreneurship

How Nigeria’s Vittas uses machine learning to smooth loans issuance processes.

NigGalApril 25, 2023April 25, 2023

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Nigerian fintech startup Vittas is a digital lender that utilises machine learning and partnerships in order to provide loans. Founded in July 2019 by Sulav...

Entrepreneurship

Nigerian startup, Autochek, acquires majority stake in Egypt’s AutoTager.

NigGalApril 19, 2023April 19, 2023

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Key highlights Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of a majority stake in...

Entrepreneurship

Nigerian mobility startup Shuttlers raises $4m funding to fuel growth.

NigGalApril 11, 2023April 11, 2023

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Nigerian leading tech-enabled, scheduled mass transit company Shuttlers has raised an additional US$4 million in equity funding to accelerate the growth of its transportation solution....

Entrepreneurship

Nigerian prop-tech startup HouseAfrica raises $400k funding round.

NigGalMarch 29, 2023March 29, 2023

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Nigeria’s HouseAfrica, a prop-tech startup providing real estate digitalisation and transparency tools to property developers and their customers, has raised US$400,000 in funding. Founded in...

Entrepreneurship

Nigerian fintech startup OnePipe secures $4.8m credit facility.

NigGalMarch 29, 2023March 29, 2023

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Nigerian fintech startup OnePipe has secured a US$4.8 million credit facility from TLG Capital, which it will use to provide inventory finance to small shops,...

Entrepreneurship

Nigeria’s Wicrypt wins $150k global prize, passes 1k hotspot hubs.

NigGalMarch 3, 2023March 3, 2023

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Eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The...

Entrepreneurship

Nigerian HR tech startup Pade HCM raises $500k pre-seed funding.

NigGalFebruary 14, 2023February 14, 2023

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Nigerian HR tech startup, a software-as-a-service (SaaS) company with a mission to build the simplest and most efficient people operations platform, has closed a US$500,000...

Entrepreneurship

3 African agri-tech startups winners of $1.5m AYuTe Africa Challenge.

NigGalFebruary 2, 2023February 2, 2023

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Three African agri-tech startups – ThriveAgric of Nigeria, Kenya’s DigicCow and Botswana-based Brastorne Enterprises – have been named winners of the AYuTe Africa Challenge, securing...

Entrepreneurship

12 startups selected for $120k ARM Labs Lagos Techstars accelerator programme.

NigGalFebruary 2, 2023February 2, 2023

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Twelve African tech startups have been selected for the inaugural ARM Labs Lagos Techstars accelerator, which provides access to up to US$120,000 in equity funding...

Entrepreneurship

3 Nigerian startups selected for YC W23 batch, banking $500k.

NigGalJanuary 17, 2023January 17, 2023

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Three Nigerian startups have been confirmed as participants in the W23 batch of the renowned Silicon Valley-based Y Combinator accelerator, banking US$500,000 in funding among...

Entrepreneurship

Ventures Platform closes pan-African fund above-target at $46m

NigGalDecember 19, 2022December 19, 2022

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Lagos-based, pan-African VC firm Ventures Platform has announced the final close of its early-stage and intercontinental fund, at US$46 million. Ventures Platform Fund is a discovery...

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