Tag: Nigeria

Frontier Car Group Raises $58M to Accelerate Growth of Used-Car Marketplaces in Emerging Markets

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 TradeDepot Secures $3 Million Series A Led by Partech to Digitize FMCG Distribution to Informal Retailers in Africa

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 ...

Why Nigeria’s VP Osinbajo Choosing Not To Visit Any Women-Owned Spaces on the #VPTourofTech Sets A Dangerous Precedent

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 – ...

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