When running a startup, legal and accounting matters can bore you to death. Meet Lawrathon, a Lagos-based legal tech startup willing to take care of your legal needs so you can concentrate on your sta…
Startups
Uka Eje on how Thrive Agric is positioning itself for success in the midst of a crisis
From delayed payouts to raising money for thousands of farmers, Techpoint had a chat with Thrive Agric CEO, Uka Eje, to understand how the agritech startup has remained bullish this period.…
Women-focused fintech startups can now apply for World’s Women Banking challenge
Fintech startups focused on unbanked women in Africa and other emerging markets can now apply for this global challenge by a global investment firm, World’s Women Banking, for access to grants a…
Ghanaian healthtech startup, mPharma, raises $17m in new funding round
Led by the CDC Group, Ghana’s mPharma has secured $17 million that will see it expand its offerings in five countries. At the same time, it has appointed ex-CVS president, Helena Foulkes to its …
Forbes8 launches digital startup accelerator, calls for applications
Forbes8 virtual accelerator will welcome 100 top companies from Nigeria. Founders selected for the programme will undergo 4 intensive weeks of digital training to help build and scale their companies.…
Are ICOs in Nigeria a fraud or the market is just too volatile?
In 2017 and 2018, ICOs started making headlines around the world. Nigeria and Africa weren’t left out as startups here also raised significant numbers. But since last year not much has been heard abou…
Why founders consider side hustles despite startup stress
Thanks to economic conditions, having an extra stream of income — side hustle — is now common practice in Africa. Through the eyes of startup founders, here’s why entrepreneurs shoul…
Mozilla, via its incubator, wants to invest up to $75k in African early-stage startups
US-based Internet company, Mozilla, known for its Firefox browser, is going VC mode. With ticket sizes from $10,000 to $75,000, the company’s Builders Incubator is looking to invest in pre-startup and…
How Quizac is using gamification to motivate learning in pre-university students
Education and learning in Nigeria have stalled to a large extent. By using games and quizzes, Tade Samson and his team believe they can make a difference with their edtech startup, Quizac.…
Ventures Platform Fund invests in three African startups as portfolio passes 30
Pan-African VC fund, Ventures Platform Fund has invested in three African startups—FunnelJoy, Tambua Health, and Brass. They join the likes of Paystack, MDaaS, Thrive Agric, and Printivo in the fund’s…
How Voyance wants to tackle the menace of fintech fraud in Nigeria
Voyance, a Nigerian data science company, has launched Sigma to help fintechs tackle the constant problem of fraud. We have a chat with its co-founder, Abdul, and a fintech founder to weigh the merits…
Novastar Ventures closes second fund at $108m to back East and West African startups
Pan-African Novastar Ventures is known to have invested in more than 15 African startups like mPharma, Lynk, and MAX. Closing its second fund of $108 million, it is looking to back more early and grow…
YDS is an Abuja-based eCommerce startup taking stores like Miniso online
Founded in 2017, YDS helps Nigerians easily access products from brands they love. Led by Surayyah Ahmad, the startup is bringing offline stores online so customers can pay for products in instalments…
Nigerian online dating solution, Vybe, includes offline options to offer full matchmaking experience
While the online dating industry appears to be scarcely delved into by techpreneurs in Africa, there are few modern matchmaking solutions regardless. Vybe is one of the few, but with a touch of offlin…
Nigerian healthtech startup, Helium Health, raises $10m in Series A funding
Lagos and San-Francisco-based Helium Health has raised $10m in Series A funding bringing the startup’s total investment to over $12million. The funding will be used to expand the team and scale to Nor…
African startups are under threat, and governments need to save them
Current studies show that startups will fuel a post-pandemic economic upturn, but with recent lay-offs and a predicted drop in VC funding, African startups are set for an uphill battle and need the ba…
African VC funding to drop by nearly $1B at the end of the year, report says
Over $2B was raised by African startups last year with projections made for larger investments in 2020. But despite funding in Q1 nearly at $350m, a report by AfricArena is predicting a 40% drop from …
Software talent company, Andela, lays off 135 staff across 4 countries
Pan-African software engineering talent startup, Andela, has laid off 135 staff across four countries. Also, salaries will be slashed by 10% to 30% across the board as the company looks to pull throug…
To resume at the office or continue remote work, a dilemma for startups
The long-awaited fourth of May has come, and almost gone, leaving startups facing a dilemma; to immediately begin operations at their offices or to continue remote work for the time being.…
Post-pandemic rebound: Why businesses must weigh the cost of layoffs
Predicting how long the COVID-19-induced recession will last is impossible, hence, all the decisions a company must take to stay alive. Laying off staff is one such decision but it should be influence…