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…
News
Why YouTube took down Arise News livestream feed for a few hours
On October 22, in what initially seemed to be another confusing fight against ‘misinformation’, Google took down Arise News’ live feed on YouTube. Though reasons were given, a number…
Why Facebook labelled content from #LekkiMassacre2020 incident ‘false’
Following the sad #LekkiMassacre incident of October 20, Facebook and Instagram labelled related content ‘false information’. However, there seem to be inconsistencies in how they came to …
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…
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.…
Harvard, MIT, top postgraduate choices for founders of Millionaire West African Startups
Founders of West Africa’s Millionaire Startups seem to have a penchant for getting postgraduate degrees from the world’s top universities. According to data, Harvard and MIT are the top de…
You’ll soon be able to permanently mute WhatsApp messages
A feature on WhatsApp that lets users control who they get message notifications from, Mute, has been reviewed. Users can now mute chats for more than a year. Available to Android users in beta testin…
Kenya’s plans for digital taxes and its data protection bill hit a potential snag
Kenya’s plan to tax enforce digital taxes, and some provisions of its data protection bill could face a major stumbling block as it begins free trade negotiations with the US. …
Serial entrepreneurs in West Africa received the most funding over the last decade
Techpoint Africa’s West African Startup Decade Report revealed that founders with more than one startup raised 82.7% of the funding recorded in the last ten years. Find out the edge serial founders ha…
The fintech sector made up 35% of Millionaire West African Startups in the last decade
Data from Techpoint Africa’s West African Startup Decade Report reveals that 35% of West African startups that have raised up to a million dollars are in the financial services sector. But what …
Introducing the West African Startup Decade Report
Introducing the West African Startup Decade Report, an in-depth analysis of the funding activities of Internet startups in the region between 2010 and 2019, breaking down founder and investor origins,…
Orange partners Google to launch $30 4G smartphones for Africans soon
In a bid to further drive digital penetration in Africa and Middle East, French telco, Orange in collaboration with Google plans to release affordable 4G smartphones called Sanza — costing $30 …
Nigerian mobility startup, MAX, floats ₦10 billion bond to expand services in Africa
In a relatively rare fundraising move, Nigerian mobility startup, MAX, has raised ₦400 million from a ₦10 billion bond float. The startup wants to deepen vehicle financing and expand its mobility of…
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.…
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…
Facebook is opening its second African office in Lagos, Nigeria
Five years after opening a physical office in South Africa, Facebook has decided to open an office in Lagos, Nigeria, the first in Africa to house a team of local tech talents. This is to become opera…
Nigerian regulator amends crowdfunding regulations, resolves only few pain points
Nigeria’s Securities regulator has released a number of changes to its crowdfunding regulations. Though a few changes have been made, issues raised by industry players remain unsolved. But there…