With a presence in Nigeria and Ghana, SeamlessHR has raised a fresh round to expand to other African countries. US-based Lateral Capital and Lagos-based Consonance Investment Managers led this round.…
After raising $10k from an angel investor, Pickmeup wants to expand outside Nigeria
In 2017, Abeokuta-based Pickmeup launched as a transport service but now offers food delivery, logistics, and ride-hailing services. Armed with new investment, it is targeting expansion outside Nigeri…
An insight into how venture capital firm, Oui Capital invests
In 2018, Olu Oyinsan left Ingressive Capital to start his VC firm, Oui Capital, with Francesco Andreoli. Having made cheques in eight startups across five countries, here’s how the two-year-old …
Only 1 in 17 West African startups, that raised $1m+ in the past decade, closed shop
In the past decade, more than 50 startups have raised $1m or more cumulatively in West Africa. And while 90% of startups fail, only 5.9% of these set of startups have done so thus far.…
“No investor fires the guy making them money.” — Bayo Adedeji, Wakanow CEO, on the company’s restructuring and growth
This time last year, Adebayo Adedeji replaced Wakanow’s founder, Obinna Ekezie, as CEO. In this interview, he shares his one-year journey transitioning the company from a founder-led business to a pro…
What Paystack acquisition means for the Nigerian startup ecosystem
Last week, Stripe announced its acquisition of Paystack for more than $200 million. As the five-year-old startup continues to operate independently, we take a look at the possible impacts of the deal.…
Paystack has been acquired by Stripe in a deal rumoured to be over $200m
For many in the Nigerian tech ecosystem, it was just a matter of time before this happened. Stripe, the lead investor in Paystack’s Series A funding has acquired the Nigerian payments startup fo…
#EndSARS: Flutterwave denies CBN questioning as bitcoin donations surge
The CBN recently came under fire following the deactivation of Flutterwave’s #EndSARS donation link. However, the company claims it was a “maintenance problem.” Meanwhile, bitcoin donations have incre…
How local partners play an integral role in supporting projects of large tech companies like Facebook
Global tech companies have different projects in Africa that present win-win opportunities for themselves and the continent. We take a look at how local partners in Nigeria have provided support to on…
With Evolve Credit, Nigerians can find, review, and apply for loans and financial products
Nigeria’s loan market has an inclusion, access, and transparency problem. Akan Nelson and Daniel Osineye started Evolve Credit as a loan marketplace to solve this problem and cater to the needs …
As a learning company, Gidi Mobile makes it easy and rewarding to learn anything on the go
Tunji Adegbesan founded Gidi Mobile in 2012 as a learning company. Here’s what you need to know about its flagship product (gidimo), other offerings, and its expansion across Africa and Asia.…
Thrive Agric CEO, Uka Eje, steps down as Adia Sowho is named interim CEO
Thrive Agric has appointed ex-VP Growth of Migo, Adia Sowho to become the company’s interim CEO. She takes over from co-founder and now-COO, Uka Eje.…
Millionaire West African Startups: Nigerian investors are second only to the US in size and deals made
West African millionaire startups keep increasing each year, majorly rising on foreign funds. However, since 2010, only US investors have outperformed Nigerian investors in size and number of deals ma…
Why agro-crowdfunding platform, Thrive Agric is defaulting on payments despite insured operations
Six months ago, Nigerian agro-crowdfunding platform, Thrive Agric, started defaulting on payments. With multiple cases now, the startup is even finding it difficult to return subscribers’ capita…
Likened to Cash App, Abeg’s P2P mobile payment play is for African millennials
On September 22, Nigeria tech Twitter was in a frenzy over the launch of fintech app, Abeg. Now, with more than 5k downloads, here’s what you need to know about the startup and what it hopes to achiev…
2 years after receiving $18m from Alta Semper Capital, HealthPlus is witnessing a power struggle
In 2018, HealthPlus, one of West Africa’s largest integrated pharmacy chains, got an $18m investment from UK-based PE firm, Alta Semper. Now, it’s in the middle of a hostile takeover with the in…
MEST Africa to invest $700k in its Class of 2020
Last year, Pan-African incubator, MEST Africa invested $1.1 million in its Class of 2019. For this year’s class however, only seven startups out of 15 will receive the incubator’s $100k cheque.…
How Gozem transitioned from a motorcycle-hailing platform into a super app in two years
In 2018, Emeka Ajene and Raphael Dana started Gozem as a motorcycle-hailing platform. Two years later, with more than 500k users in Togo and Benin, it’s making a swift transition to a super app: their…
RxAll enters the Founders Factory Africa programme, to access about $40k in funding
Founders Factory Africa (FFA) has announced that it has selected RxAll, a Nigerian healthtech startup, into its Venture Scale programme. The startup will have access to up to $300k in funding and supp…
Nigerian API fintech, Mono, raises $500k pre-seed, wants to build Plaid for Africa
Founded two months ago, Nigerian API fintech startup, Mono, has raised $500k in pre-seed funding from Lateral Capital and Ventures Platform among others. It will be used to expand the team and scale t…
