Hola,
Victoria from Techpoint here,
Here's what I've got for you today:
- TikTok partners Eventbrite for ticket sales
- Why Nigerian employees struggle with pay negotiation
- 5 Mercury alternatives for African startups
TikTok partners Eventbrite for ticket sales
TikTok has teamed up with Eventbrite to let content creators promote and sell event tickets directly through the app. Starting now, creators can add Eventbrite links to their videos, making it easier for viewers to discover and buy tickets for events.
This new feature, available to creators in sub-Saharan Africa, aims to support local and independent event creators by giving them a platform to grow their presence and attract more attendees.
To get started, event organisers can link their events to their TikTok videos by creating a new post, adding an Eventbrite link, and selecting the events they want to promote. Users will see the most relevant events based on their location.
Eventbrite links will allow users to buy tickets right within TikTok, thanks to an in-app browser. Plus, videos about events will be shown based on their relevance to the viewer's location.
According to Isaac Bess from TikTok, this partnership will connect event creators with the TikTok community and highlight exciting events like festivals, concerts, and local gatherings.
Why Nigerian employees struggle with pay negotiation
Oluwanifemi got a sneak peek into Intelpoint's upcoming Nigerian Workspace Report and discovered that so-called experts earn between ₦100,000 and ₦300,000. This is pretty low, especially in the tech industry.
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Tech HR professional Weyinmi Barber suggests that some professionals might not accurately gauge their expertise or have enough salary data to negotiate effectively.
Additionally, some employers may lack competitive salary structures due to limited access to local salary information. This results in many talented people being undervalued and underpaid.
Career coaches often advise using current pay to negotiate the next salary, while new job seekers are encouraged to ask around to determine competitive rates.
However, a specialised salary insights platform could help address this issue. Global platforms like Glassdoor and Payscale are popular for anonymous company and salary reviews, including in Nigeria, but they're not localised to the continent, limiting access to detailed local salary data.
A quick check on Glassdoor for companies in Nigeria shows more data on multinationals and global companies with a presence in the country, but less on those operating solely in the local market.
Company and salary reviews are often provided by job boards and recruitment websites, but this service is barely available in Nigeria. Why don't popular sites like Jobberman, MyJobMag, NGCareers, and Jobzilla offer this service?
After a long search for Nigerian websites dedicated to user-generated salary information, only one, MySalaryScale, was found.
However, why can’t Nigerian job seekers properly negotiate pay? Read Oluwanifemi's story here to find out!
5 Mercury alternatives for African startups
Mercury Bank, a US fintech serving over 100,000 startups, has added Nigeria to its list of countries restricted from opening and operating accounts.
By August 22, 2024, affected accounts in Nigeria and 14 other African countries will be closed. Countries like Cuba, Iran, North Korea, Syria, Ukraine, and Venezuela are also on the restricted list.
Mercury cited changes in its eligibility criteria for the decision, leaving users looking for alternatives. Here are five African fintech startups that offer similar services:
Raenest: Founded by ex-OPay employees, Raenest provides US bank accounts for Africans, focusing initially on freelancers and expanding to business banking in 2024.
Verto: A London-based fintech offering cross-border payments, foreign exchange, and banking services, including USD accounts with funds in protected accounts.
Cleva: Y-Combinator-backed Cleva provides US-based accounts for Africans, requiring a BVN and ID for signup. It recently raised $1.5 million in pre-seed funding.
Graph: Techstars-backed Graph offers global banking solutions like payouts, multiple currency accounts, and corporate dollar cards.
Leatherback: Simplifies global trade for individuals and businesses, providing cross-border transaction platforms and operating in over 15 countries.
In case you missed it
- Managing Director of Kuda Microfinance Bank shares insights on balancing innovation and compliance
- One Acre Fund raises $1.4 million with plans to serve 10 million farmers by 2030
What I'm watching
- Your Mind is an Excellent Servant, but a Terrible Master - David Foster Wallace
Opportunities
- Are you a tech professional in Africa? Take a few minutes to fill this questionnaire about your job among others. You also stand a chance at winning 100 Euros.
- Ventures Platform has over 100 job openings across its portfolio companies. Apply here.
- Bubusplug is organising a one-day hybrid event for jobseekers in collaboration with the Young African Leaders Initiative(YALI) Lagos Network July 27, 2024. Apply here.
Have a wonderful Wednesday!
Victoria Fakiya for Techpoint Africa.
