Kuda, Nigeria's digital-only bank has raised $1.6 million to simplify money management, spending and saving. The $1.6 million pre-seed investment funding was raised from Startupbootcamp, Haresh Aswani of the Tolaram Group, Ragnar Meitern (an early investor in Monese and Bolt) and other angel investors. "We’ll use this money to launch out of beta later ...
Itanna accelerator has launched the second edition of its accelerator and investment programme and will invest $30,000 into each startup after the programme. Itana, an arm of Honeywell Group operates from the Enterprise Factory located in Iganmu, Lagos with workspaces, offices, meeting rooms and a conference space where startups will ...
Cars45, a Nigerian automotive trading platform, has launched a Premium Inspection service to create convenience for its customers and reach more users and grow its revenues. The new service allows Cars45 to reach individuals who are unable to visit any of its inspection centers but would still like to use ...
Palladium, a global consultancy, is raising $40m for off-grid solar and agribusiness startups operating in Kenya, Ghana and Nigeria. Dubbed the “Palladium Impact Fund I”, the fund is expected to provide much-needed capital for agribusiness value chains and off-grid clean energy ventures in Nigeria, Ghana and Kenya to alleviate poverty ...
Opay, Opera's Africa's focused payments and everything platform has added OTrike, a tricycle hailing service to its portfolio, as it moves to become Africa's biggest super-app. Use cases for its payments platform and data collection OTrike comes just a few months after Opay launched ORide in Nigeria in a move ...
iSabiDeliver, an online on-demand delivery service based in Abuja and Ibadan is ramping up its operations to expand to more cities in Nigeria. The on-demand delivery platform doing food delivery, parcels, items or errands for both individuals and companies allows users to book a pickup or delivery via an Android ...
In Nigeria and Africa at large, there is a huge disconnect between learners' academic qualifications and the skills needed to accomplish tasks in the workplace. Significant reforms are therefore required to revamp the education system to match skills needed in the workforce especially in Nigeria where over 43% of its ...
Alipay, an Alibaba-owned mobile payments processor has partnered with Flutterwave, a pan-African payments firm located in SF and Lagos, Nigeria, in a move that will see Alipay link its 1 billion users to Flutterwave merchants in Africa. China wants the whole of Africa and payments matter a lot. The Chinese ...
WiSolar, a Solar-as-a- Service product in Nigeria and South Africa is seeking to raise $40m to launch its products in Nigeria and South Africa. The Gauteng-based firm will be rolling out its prepaid decentralized solar electricity (Solar-as-a-Service) for mass adoption in communities that currently in South Africa and Nigeria that ...
MDaaS Global, a Nigerian tech-enabled diagnostic firm has raised $1 million seed funding to scale in Nigeria and replicate its innovative diagnostic center business model in West Africa over the next five years. The funding round was led by Consonance Investment Managers, with participation from Techstars and FINCA Ventures and ...
Flutterwave, the Nigerian payments firm that recently raised over $10m in funding for expansion has partnered with RippleNet, a global payments network which makes it easy to connect and transact across its robust network of 100+ banks and payment providers worldwide to provide the infrastructure for a unified payment solution ...
Nigeria Customs is among the first organizations that have taken up Oracle's newly launched Blockchain Cloud Service promising organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. According to Aber T Benjamin, Assistant Comptroller General Modernization, Nigeria ...
Mart.NG, an online supermarket and grocery delivery service has launched to offer consumers, personal and convenient online grocery shopping experience in Abuja, Nigeria promising to deliver the best and fresh products at the most affordable prices, in under 59 minutes. According to Frank Umeadi, Co-founder & CEO, Mart.NG., "Mart.ng wants to offer ...
In a move to its users the freedom to send money whenever they want and how they want, this remittance firm, which has been operating in Nigeria for the last five years, and launched remittance to Kenya in 2014, has raised $20m Series C to simplify sending money to Ghana, ...
Nigerian-based logistics startup Kobo360 has raised $1.2 million in pre-seed funding round soon after being accepted into the YCombinator class of 2018. The round was led by Western Technology Investment and Nigeria’s Verod Capital Management. Kobo360 has developed an Uber-like app that connects Nigerian truckers to companies with freight needs. ...
Cartehub, a multi-merchant online marketplace for the best varieties of food, farmers market, organic products, handmade items, crafts, arts plus the best and most convenient laundry and dry cleaning services in the African market is focused on helping its customers find fulfillment using technology to enrich their ways of life. Founded ...
Zoto started off as a mobile recharge platform for the 70 million mobile internet users in Nigeria. Over the last 2 year they have launched categories like electricity, TV, Broadband, Betting, movie bookings & mobile data. In near future they are planning to introduce more categories to improve existing user ...
Fedironics Intelligent Metering Company is a smart metering company founded and incorporated in 2016. At Fedironics they believe that everyone has a personal power and that access to electricity is key to unleashing this power for the good of humanity. Fedironics provides iMeter, a smart and affordable electricity meter designed ...
eTranzact International PLC, an e-payments solution provider, on Monday May 21, 2018, announced it had fired Mr. Valentine Obi with immediate effect. Mr Obi, will step down as the Managing Director of the Company and will be replaced by Mr. Niyi Toluwalope in acting capacity. eTranzact says it's aware of ...
Frontier Car Group which runs Cars45 in Nigeria, has closed $41M Series B funding from Balderton, TPG Growth, automotive funds Fraser McCombs Capital, and AutoTech Ventures. to expand its used-car marketplaces within emerging markets. The company additionally raised $17M in debt financing from leading institutions and banks bring the total to $58m. According to Sujay Tyle, ...
Nigeria's Alosfarm tackles some of the main market inefficiencies and challenges to growth for smallholder farmers within the agriculture value chain in Nigeria. Stephen Oloh, the CEO & Co-founder of Alosfarm told TechMoran that Nigeria’s agriculture is facing serious challenges such as low yield, enormous wastage of produce across the value chain ...
TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched Africa Fund. The Series A round which will support the expansion of TradeDepot’s footprint in Nigeria and development in other countries. According to Onyekachi Izukanne, co-founder and CEO of TradeDepot, “This ...
Following its launch in Nigeria last October, AfroMillionsLotto has linked up with leading Nigerian payments provider Paga to offer payments for lotto games in Naira, making it even easier to play for Africa’s biggest jackpots. James Leppard, Ofertas365 CEO, stated: “We are delighted to partner with Paga to offer ...
Article by Mary Olushoga, founder of awpnetwork.com, a platform powering small business success for African entrepreneurs. *** Why are women innovators largely ignored in Nigeria’s male-dominated technology spaces? Why didn’t Vice President Osinbajo visit any women-owned spaces during the highly popular and attention-grabbing #VPTourofTech? On Tuesday, April 17, 2018 – ...
mSurvey, a startup that helps firms to gather customer feedback via the mobile phone has raised $3.5 million from TLCom Capital to expand across Africa with South Africa as its next stop after its launch in Nigeria in February this year. The Series A round of USD$3.5m, was led by ...
Zoto, a Nigerian payment solution today said its transacting user base and order volume grew by 56% and 200% respectively in the last financial year and it is set to replicate an even higher growth curve in the financial year 2018 -19. Zoto says it processed 5 million orders in ...
Nigeria’s domain registrar and web hosting company DomainKing.ng has launched their ‘All-in-one’ web hosting plans for SMEs, designers and bloggers. These new plans come with a domain name, unlimited emails, web hosting, Free SSL and cloud Backups for creating a complete online presence. The cost of these packages starts ...
Farmcrowdy, Nigeria’s digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, today announced the launch of 7,500 acres of new maize and rice farms in Nigerian states, Kaduna and Kwara. Sponsorship will be open from the 4th of April and 9th of April, 2018 for Maize and ...
For most vehicle owners, finding the right tires to buy can be very exhausting especially if its their first time or they are busy with other tasks. However, TyrePalaca, an online marketplace in Nigeria aims to help anyone finding it hard to find their exact tire size, price among others, ...
Terragon, a Nigerian mobile marketing firm has raised a $5 million funding from TLcom Capital to build its mobile ad technology to connect more brands and SMEs in Africa. The mobile marketing technology helps firms increase their customer reach, engagement and conversions. Terragon also runs Twinpine, a pan-African ad network. According ...
