A list of 10 promising Nigerian startups that are overcoming the current obstacles and garnering attention in 2022 has been released by the world’s largest professional networking site, LinkedIn. This list’s main objective is to be a resource for job searchers who are willing to work for a cutting-edge startup, make a major contribution to…
The top non-banking financial services provider in Egypt, Contact Financial Holding, has agreed to provide Trella with a sizeable financing facility so it can develop its business in a number of ways. Trella, a transportation marketplace and B2B technology platform, links shippers and carriers in real-time. The firm, which operates across the Middle East and…
New research from the IDC reveals the latest cloud security trends in Nigeria The majority (72 percent) of Nigerian organizations are increasing their spend on information security 21 percent of organizations use a combination of on premises and cloud solutions. This is set to grow to 41 percent over the next two years. For Nigerian…
Small and medium-sized businesses (SMEs) are very important in Africa. An estimated 80% of jobs on the continent are held by the 44 million SMEs. Despite being crucial to the African economy, many businesses only have a limited amount of access to funding. Due to a lack of collateralization, traditional credit facilities like banks frequently…
A South African-based automated platform called iiDENTIFii has raised $15 million in growth capital to offer a remote digital biometric identification authentication method. African investment firm Arise, whose founding investors include Rabobank Partnerships, Norfund, NorFinance, and FMO, led the round. The size of this Series A in the African identity verification market is the largest…
Standard Bank and the SA SME Fund have backed venture capital firm Knife Capital’s new USD50 million African Series B expansion fund, Knife Fund III, along with other respectable investors. The Fund’s mission is to close a crucial funding gap for follow-on projects while investing in the growth of African businesses that are driven by…
Kenyan agri-circularity firms are encouraged to apply to participate in the second O-Farms accelerator program, which will provide milestone-based grant funding of up to EUR25,000 (US$24,000) to two peer-selected companies. O-Farms was established in 2021 as Africa’s first agri-circularity-focused accelerator program, led by Bopinc and Village Capital, and administered by E4Impact Accelerator, with the intention…
Global cryptocurrency exchange KuCoin is celebrating its fifth anniversary and announcing commemorative events while outlining its strategy for the coming years. 5-year highlights Since its founding in 2017, KuCoin has expanded from its original seven co-founders to a highly effective team of over 1,000 people across the globe, scaling 142 times. The exchange currently serves 20…
Top digital companies including Meta, Stripe, Reddit, and Xend Finance use the Web3 blockchain network Polygon. The Polygon Bootcamp, an intense eight-week mentorship program, and hackathon in Africa has begun. The blockchain development process will be explained to developers, and financial incentives will be provided to encourage their interest in the field. Outstanding developers will…
In order to support the growth of retailers in Egypt, Paymob, an Egyptian payment, and shopping app has partnered with Tabby, a buy-now-pay-later (BNPL) platform with headquarters in Dubai. This partnership allows companies operating within the Paymob network to take advantage of Tabby’s split-in-four, interest- and fee-free payment solution through Paymob’s gateway. Over 120,000 merchants…
SweepSouth, a South African platform for on-demand home cleaning and services, has raised US$11 million in finance, lead by the private equity fund Alitheia IDF, with the goal of growing its current business and entering new markets. A $100 million “gender-lens fund” called Alitheia IDF is co-founded and run by two women-led companies, Alitheia Capital…
InGame Sports, an Egyptian gaming and sports technology business, has raised over $1 million in cash, in-kind resources, and grants in a pre-seed round that was spearheaded by Openner, a worldwide VC that invests in early-stage tech startups and has a unique combination of capital and technology. Numerous well-known personalities in world sports, like Sports…
Agritech startup Farmerline from Ghana has raised an additional $1.5 million in a pre-Series A equity investment to grow throughout West Africa. With the extra money, the total amount obtained in the round—which includes $6.4 million in debt financing—now stands at $14.4 million. The Dutch entrepreneurial development bank FMO, Oikocredit, Acumen Resilient Agriculture Fund (ARAF),…
Through a partnership with Meta and the Innovation Growth Hub (IGHub), Sendy, a technology startup that creates simple tech solutions that help businesses sell, move items, and acquire financing, is providing free training for SMEs on how to expand their enterprises. Through the Meta Boost training program, small and medium-sized enterprises (SMEs), business owners, and…
ComiBlock, a Nigerian business in the investtech space, has received an unknown amount of money from Expert Dojo, a growth accelerator based in California, to aid in its expansion. ComiBlock, a goal-based investment crypto robo-advisor that was launched in February 2021, provides anyone with a smartphone with access to planning tools, advice, and curated and…
To support its next phase of expansion and product innovation, FairMoney, a credit-driven mobile banking network for developing nations in Africa and Asia, has teamed with Oradian, a cloud-based core banking system. Oradian provides financial services to over 10 million users, collaborating with more than 50 tech lenders, banks, and finance firms in 13 African…
When Vendease debuted in January 2020, its goal was to use a marketplace model that linked suppliers and farmers to restaurants and food enterprises to address the problems and inefficiencies in Nigeria’s highly fragmented food sector, with delivery made possible within 24 hours. But over the following few months, Vendease changed from its middleman role…
Trailblazers in the technology and business circle in Africa are set to gather in Lagos, Nigeria (West Africa) on 9 November 2022 for another edition of Africa Tech Alliance Forum (AfriTECH 2.0) as the continent’s sought-after technology Forum, exhibition, and awards ceremony. AfriTECH 2.0 scheduled to hold at Oriental Hotel, Lekki Road, is focused on ‘Sustainability and…
Lagos, Nigeria, 23rd September 2022 – Orodata Science is thrilled to announce recipients and the start of the second cohort of the ADH Community Journalism Fellowship programme. The 3-month program’s objective is to improve media capacity to advance news coverage of under-reported issues in local communities across Nigeria using technology, focusing on potential solutions with lasting impact…
Startups from Cape Town are welcome to apply for Bootcamp to Boardroom’s nine-month entrepreneurship program, which is currently in its second year of operation. Bootcamp to Boardroom is a program sponsored by the Entrepreneurs’ Organization (EO) and Over The Rainbow Foundation that aims to mentor and assist emerging start-ups. It is organized in collaboration with…
Remedial Health, a health-tech firm that develops solutions to enhance the efficiency of Africa’s pharmaceutical value chain, has acquired $4.4 million in seed funding. Leading the seed round of funding was Global Ventures. Notable angel investors Guillaume Luccisano and Christopher Golda joined Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform, Alumni…
In today’s digital era, mobile phones have become an essential part of our daily lives, with various types of mobile apps that help facilitate people’s needs. Hence, tech companies are launching many mobile applications due to the demand for innovative mobile apps. However, it doesn’t just stop there. After tech companies launch new mobile apps,…
Four new startups have been selected for the latest cohort of The Baobab Network (TBN), a Nairobi-based accelerator that funds and supports the growth of early-stage internet companies throughout Africa. Startups from Nigeria, Ethiopia, and two South African companies make up the cohort. Oval Interactive, a Nigerian interactive martech platform, offers businesses the chance to…
Julaya, an Ivorian fintech firm focused on payments, has added $5 million to its pre-Series A financing. The business, which primarily uses mobile money channels to allow B2B payments for companies in Francophone West Africa, has raised a total of $7 million in the financing round. With 56 million active accounts, West Africa has the…
As it prepares for exponential expansion, South African firm LocumBase, an impartial online medical booking platform, has acquired an undisclosed investment round from Grindstone Ventures. Zulé Vuuren founded LocumBase in 2016 to connect independent medical practitioners with South African practices and streamline the locum-finding process. “In order to give your patients the best treatment possible,…
Bamboo, one of the top online brokerage companies in Nigeria, has entered Ghana, making it the first transnational brokerage app in west Africa. The more than 50,000 people on Bamboo Ghana’s waitlist will now be able to purchase and invest in stocks from US businesses like Apple Inc. and Tesla thanks to a collaboration with…
Most design teams work hard to deliver solutions with complex systems. And all teams, usually, have to discover two things: What is the real solution our customer needs? Does this solution apply to generalists or specialists? The answer to these questions requires a proper product discovery before committing any resources. So before we jump in…
GIG Logistics (GIGL), Africa’s leading tech-driven delivery company, has expanded its services to China. This brings the total number of countries in which it is currently active to four. GIGL has already established branches in Ghana, the United States, and the United Kingdom, in addition to Nigeria. GIGL, through this expansion, will help to fix…
Organisations’ commitment to improving their sustainability is at a high, but the rising price of renewable energy and carbon offsetting is forcing a rethink of how to reduce carbon emissions. Many organisations are moving on from the ‘simple’ decisions to change energy supplier or to outsource carbon offsetting and are looking at what technology can…
Technology’s capacity to foster growth and development is more apparent than ever. In that, the influence of technology cannot be overstated, from streamlining routine tasks to creating ground-breaking solutions. Technology has been extensively adopted throughout generations and that there is still an expectancy for it to meet future needs. A growing demand for qualified technologists exists…