Written by TOM JACKSON The story formation of Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, is not a common one, with the beginnings of the company traced back to another Nigerian startup – Rensource. Rensource, which launched in 2016 and raised US$20 million in funding in 2019, is a renewable energy and merchant…
Nigerian B2B marketplace Sabi raises round of seed funding as it hits 150k merchant mark Written by TOM JACKSON Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, has secured a seed funding round as it announces the milestone of over 150,000 small business users on its platform. In stealth mode since last year, Sabi is…
Egyptian car parts marketplace Odiggo raises $2.2m expansion funding Written By TOM JACKSON Egyptian startup Odiggo, a digital marketplace for automotive spare parts, has closed a US$2.2 million funding round to help it continue to expand into new markets. Founded in 2018 by Ahmed Omar and Ahmed Nasser, Odiggo links customers with vendors in order to purchase…