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…
Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Startup Bill 2020 to benefit startups with majority Kenyan ownership
One of Africa’s major markets looks set to enter the ranks of African nations working on a bespoke policy to support startups and innovation. When Kenya’s other policies are considered, it…
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…
How Ghanaian-based biometric startup, BACE Group is tackling identity theft in Africa
Africans face a major challenge with identity management. Addressing this with tech, Ghanaian-based BACE Group devised a face-recognition API to prevent identity theft and promote financial inclusion…
Enyata wants to build a sustainable community for African software engineers
With a wealth of experience at Andela and other tech companies, Oyelade Oladayo built Enyata to groom and converge tech engineers to grow an Engineering as a Service (EaaS) business.…
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…
A path to growth and scale: Two sides of a coin for startups
For interchangeable words thrown around a lot, one would think growth and scale mean the same thing. We take a look at how they differ and inflection points that make them similar.…
CAMA 2020: What benefits for startups and MSMEs?
CAMA 2020: What benefits for startups and MSMEs? by Anthonia Udeh and Okoyomoh Peter for Tope Adebayo LLP (Techpoint Africa Publishing Partner).…
Trump’s DFC investment play in African private funds and startups so far
On January 2, the Trump administration launched the U.S. International Development Finance Corporation (DFC). Since then, the agency has invested in African investment firms and startups like SPE Capi…
As Autochek acquires Cheki Ghana and Nigeria, Cheki Kenya remains with ROAM Africa
Autochek, an automotive company founded by Etop Ikpe, has announced its acquisition of Cheki Ghana and Nigeria from ROAM Africa. Cheki Kenya, on the other hand, will remain with the online classifieds…
eWorker is positioning itself as the go-to company for senior engineering talent in Africa
Ike Okosa founded eWorker in 2015 as a freelance job platform. Five years later, with no external funding, the company now connects senior software developers in nine African countries to global compa…
Former Cars45 CEO, Etop Ikpe, will head Autochek, a new company set to launch on October 1
It’s no longer news that Etop Ikpe has left Cars45, the company he founded four years ago as CEO. Now, the entrepreneur has been tipped to become CEO of another company, Autochek, which is a reb…
How investor relationships are helping African startups survive during the pandemic
Recently, investments have been on the decline and the pandemic is to be blamed. However, despite investor pessimism, some startups have raised funds. Here’s how they did it.…
Nigerian blockchain startup, Chekkit, pilots its drug verification tech in Afghanistan
Chekkit has gone into partnership with Fantom and Afghanistan’s Ministry of Health to run a 3-month pilot project. The product of this partnership will be to track and verify 80,000 pharmaceutic…
Cameroonian healthtech startup, Healthlane, secures $2.4m investment to expand offerings
As GiftedMom, Alain Nteff and his team raised $220k to help mothers and pregnant women with medical care. Pivoting to an all-encompassing health app in Healthlane, the team has raised more than $2.5m …
“Our requests went from 80+ daily to less than 10.” — Tora Africa ex-CMO, Ized Uanikhehi, shares the company’s failure story
TORA Africa was known to recruit and train riders for ride-hailing and logistics companies like ORide until it shut down in March. Here, Ized Uanikhehi, ex-CMO, shares its 10-month journey as a startu…
How Nigerian hospitality startups are adapting during the pandemic
With the pandemic, businesses reliant on human interaction had quite a hard time. However, it has not been all bad for hospitality startups…
Jobberman acquires top competitor, NGcareers, in an undisclosed deal
Nigerian career recruitment platform, Ngcareers, has been acquired by Jobberman in an undisclosed deal. For now, both companies will operate independently but the goal is for both entities to become J…