Nigerian fintech startup Mono launches in Kenya.
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced...
Category : Entrepreneurship
Rwanda’s Toto Safi and Nigeria’s Well of Science Among Finalists In £1.1m Afri-Plastics Challenge.
Ten (10) finalists of the second Afri-Plastic Challenge strand – ‘Creating Solutions’ – have been named. Reusable shopping bags and sterilised cloth diapers are among...
PiggyVest Founders Join Endeavor’s Network Of Entrepreneurs.
Nigeria’s fast-growing savings and investment platform, PiggyVest has been selected to join Endeavor, leading global high-impact entrepreneur network. Endeavor announced recently that Somto Ifezue, Odunayo...
Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana.
Nigerian at-home lab testing startup HealthTracka has raised US$1.5 million in funding to expand its operations into Kenya and Ghana. The pre-seed funding which was led...
Nigerian start-up wins $10,000 at Commonwealth Youth Forum in Kigali.
A Nigerian start-up, Salubata Technologies, has been awarded a cash prize of $10,000 (about N4.2 million) after winning the Green Innovation Guru Award category of the...
Applications open for $120k ARM Labs Lagos Techstars accelerator programme
Applications have opened for the ARM Labs Lagos Techstars accelerator, which will reward selected fintech and prop-tech startups with access to US$120,000 in equity funding...
Venture capital firm HAVAÍC invests $400,000 in Nigeria’s ShopEx.
ShopEx mobilises a combination of traditional and digital channels to market, sell, and distribute some of the world’s top brands in Nigeria and other African...
Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale
For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report,...
Nigerian logistics startup Topship secures $2.5m seed round.
Nigerian logistics startup Topship has raised a US$2.5 million funding round as it continues to build the “Flexport for Africa”. Launched in June 2020, Topship allows African...
Applications open for 2nd cohort of Google for Startups Black Founders Fund for Africa.
Applications have opened for the second cohort of the Google for Startup Black Founders Fund for Africa, with 60 eligible black-founded startups set to be...
Fintech firm, Bankingly, closes $11m investment drive.
Fintech firm, Bankingly, has successfully rounded off its $11 million investment drive for sustainable growth. The round, led by Dalus Capital, was accompanied by IDB Lab,...
Google reopens $4m fund for startups in Nigeria, others.
Google has announced that applications for the second cohort of its Startup Black Founders Fund for Africa are now open. According to the firm, it...
Trade Tech Firm Norebase Raises $1M in Pre-Seed Round.
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round was co-led by Samurai Incubate...
Hello Tractor, Heifer International Unveil Pay-As-You-Go Tractor Financing for Agripreneurs in Nigeria.
The program, “Pay-As-You-Go Tractor Financing for Increased Agricultural Productivity in Nigeria,” already has enabled tractor purchases in the states of Nasarrawa, Abuja and Enugu. Seeking...
Unicorn Group launches pan-African incubation programme
Investment firm Unicorn Group has launched its fourth incubation programme for entrepreneurs, which for the first time is open to startups from a host of...
Techstars Launches ARM Labs Techstars Accelerator in Lagos.
12 startups will be selected to receive funding, hands-on mentorship, and access to the Techstars worldwide network on an annual basis. Up to 12 startups...
Insurance startup Etap gets $1.5m pre-seed
Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly...
Rise.ng raises $150,000 pre-seed funding to revolutionalise service delivery in Nigeria
Rísé.ng wants to expand on a pan-African network of markets in the nearest future. Nigerian startup, Rise.ng has secured a $150,000 pre-seed round as it...
Temitope Ogunsemo, Olugbenga Agboola and others make the Forbes’ Africa Undiscovered Series List.
Nigerian entrepreneur and the founder of Krystal Digital Solutions Limited, Temitope Ogunsemo has been listed in the Forbes Africa Undiscovered Series for Nigeria as part...
Nigeria’s CredPal raises $15m funding to scale “buy now, pay later” across Africa.
Nigerian “buy now, pay later” (BNPL) startup CredPal has raised US$15 million in funding to expand its consumer credit offerings in Nigeria and scale across...
ZirooPay raises $11.4M to scale its mobile POS solutions for retailers across Nigeria
The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in...
Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa
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...
10 fintech startups selected for CATAPULT: Inclusion Africa in Dubai
The LHoFT Foundation has selected 10 African fintech startups to take part in CATAPULT: Inclusion Africa: Special Edition in Dubai, which looks to support companies...
Canza raises $3.27m, to offer crypto financial services in Nigeria.
Canza Finance, a Nigerian cryptocurrency startup, announced that it completed a $3.27 million seed round financing to offer crypto financial services across the country. Canza,...
Tony Elumelu Foundation, Google announce fellowship programme to support African entrepreneurs.
The Tony Elumelu Foundation (TEF) and Google have announced an inaugural Google.org Fellowship to provide one million additional Africans with access to the TEFConnect platform,...
ThriveAgric secures $56.4m debt funding to expand operations to Ghana, Kenya
ThriveAgric, a Nigerian agric tech, says it has secured $56.4 million in debt funding from local commercial banks and institutional investors to help its expansion plans....
Firm Launches First Wholly Made In Nigeria Tomato Mix.
Tomato Jos Farming and Processing Limited, has launched its much-anticipated Tomato Jos paste variant into the Nigerian market. The new tomato paste variant, packaged in...
Nigerian mobility fintech startup Moove raises $105m Series A2 round to scale globally.
Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and...
YEP! Raises $1.5m In Pre-Seed Funding In Nigeria, Other African Countries
YEP!, a financial super-app, has raised $1.5million in a pre-seed funding round led by Greenhouse Capital as the company launches its revolutionary new digital financial...
Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform.
Sudo Africa, a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding. San Francisco-based Global Founders...