Kuda, Nigeria's digital-first bank has raised a $10 million seed round to bank every African on the planet, wherever they are in the world. The $10 million was led by Target Global, with Entrée Capital and SBI Investment with the participation of Raffael Johnen (founder of Auxmoney), Johan Lorenzen (founder of Holvi), ...
ImaliPay, a Nigerian big data and AI-driven digital platform offering tailored financial products is set to launch in Kenya to give gig economy platforms and freelancers the ability to save, borrow, and track their earnings. ImaliPay is working with Lynk to launch in Kenya and other partners in South Africa ...
Uber Nigeria has hiked fares for its UberX offering starting October 6, 2020. UberX is a popular choice for riders owing largely to its affordability. The minimum fare has been hikes by N100 (US$ 0.30) up to N500, the base fare is up N20 (US$ 0.05) from 200 to 220. ...
Indicina Technologies has raised a US$ 150,000 seed round from the Honeywell Group's venture capital arm, Itanna. The fintech startup will channel the funds towards expanding its operations within Nigeria, and to further build its proprietary technology platform. Some of the funds will also be used to expand into other ...
Healthlane, a Nigerian startup linking doctors to remote patients for online consultations, alongside traditional face-to-face public health services - across Africa, has raised $2.4 million for expansion. Healthlane raised the $2.4 million from Digital Horizon with participation from Sequoia Capital, Silicon Valley Bank, TSVC, Supernode Ventures, CRE Africa and Capitoria, ...
Telco giant, MTN Nigeria, has announced a partnership with US-based music and entertainment streaming service, Tidal. Following the partnership, MTN subscribers will receive a free 30-day trial period to Tidal. The membership will include high-quality music, videos, concerts, interviews, and more from artists across the globe. Once the trial period ...
The Africa Fintech Foundry (AFF) has appointed Daniel Awe as its new head. The appointment was announced by the management and board of Access Bank PLC. The firm says Awe's appointment signifies its commitment to advancing innovation in the tech space in Africa's banking sector. Access Bank, Group Managing Director, ...
Airtel Nigeria has announced its new partnership with Avaya in a bid to boost remote working and learning initiatives in Nigeria. Avaya, in partnership with Airtel Nigeria, will offer organisations and enterprises in Nigeria full-feature access to its flagship collaboration app, Avaya Spaces. Speaking on the partnership, Oladokun Oye, head ...
Sparkle, a Nigerian digital platform for financial, lifestyle and business support services has officially launched to the public after being granted a banking license from the Central Bank of Nigeria (CBN). Sparkle, which offers flexible payments, savings and analytics to users to provide greater freedom, flexibility and control over finances ...
Jamborow, a new Blockchain-based B2B fintech platform has raised $400,000 to launch in Nigeria and offer unmatched financial services to the unbanked in Africa's biggest economy, then spread across Africa. Jamborow, a brainchild of Moses Onitilo, John Kamara, and Olusegun George raised the $400,000 from its shareholders and is poised to close a ...
Middletrust.com, an escrow platform, has launched to help secure Nigerians against online fraud as COVID-19 pushes the world to turn to e-commerce from the safety of their homes. Middletrust.com, with a $5,000 pre-seed investment from an undisclosed source, is using proprietary escrow technology and processes to help unsuspecting Nigerians who ...
Deezer, the global music streaming service has revealed Africa’s most-streamed artists and Nigerian great Burna Boy tops the list in sub-Saharan Africa. Deezer revealed the top streamed artists in Africa in celebration of Africa Day coming up on 25 May. Though music fans in Africa love global icons such as ...
Okra, Africa’s first API fintech “super-connector” has raised $1m from TLcom Capital in pre-seed fundraise to build the infrastructure for Africa’s next wave of fintech innovation. Okra says it will use the funds to scale its team and operations as it caters to its growing client base for its API ...
Binance has today announced Bundle, a social payments app for cash and crypto in Nigeria founded by Yele Bademosi, a former director at Binance Labs. Bundle, backed by Binance, allows users to request, send and receive cash or crypto from their peers. Users can buy, sell and store digital currencies ...
Stears, a Nigerian financial news and data startup providing audiences and organisations with accurate, unbiased and digitised information on economic and business has raised $600,000 from Omidyar Network's Luminate to fuel growth in Africa's biggest economy and most populous country. Stears sources data and information from various sources locally and ...
iHub Director Nekesa Were has been appointed AfriLabs Interim Executive Director after a career spanning over 10 years in the African tech ecosystem. Nekesa is the immediate former Managing Director of iHub Nairobi and was a Board Member of AfriLabs. She replaces Anna Ekeledo who is on maternity leave till ...
Carbon, Nigeria’s digital financial services firm, has partnered with insurance giant AXA Mansard, to enter the lucrative health insurance sector. Carbon says the new deal will allow customers who can save a minimum of N3,000 monthly to qualify for a N20,000 cash benefit in the event that they are hospitalised ...
Binance, one of the leading global cryptocurrency exchange, has recently announced the launch of peer-to-peer (P2P) trading services for the Nigerian Naira (NGN), providing an open platform for users to trade cryptocurrencies using NGN with zero transaction fees. Nigeria has become the first African fiat currency supported on Binance P2P ...
Co-creation Hub (CcHUB), Nigeria's innovation center has acquired its Kenyan counterpart, iHub for an undisclosed amount in a pan-African expansion move. Co-Creation Hub says the deal is part of its mission to help innovations from Africa on the global map as well as help local startups expand to Nigeria or ...
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 ...
