Nigerian bus-hailing startup, Hubryde is helping bus owners optimise their assets while offering commuters a premium mass transit experience. Soon, corporate workers can plan their monthly commute bud…
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.
Nigerian healthtech startup funding grew 404%, eCommerce almost hit 5900% in 2020
While investor focus deepened on cleantech across Africa, healthtech startups were second only to fintech companies in funding size and deals made in 2020. Online retail also made a huge comeback. Let…
Connected Analytics, parent company of ThankUCash, raises seven-digit pre-Series A to expand operations
Nigerian retail-tech/analytics startup, Connected Analytics, has secured a seven-digit pre-Series A funding. This follows previous investments of up to $410k from notable investors, and a year after j…
How Nigerian-founded CribMD evolved to become a telemedicine healthtech startup
With a $100k backing and $1m seed fund in the works, seven-month-old healthtech startup, CribMD is working to bridge the gap in health insurance with telemedicine after evolving from a conventional he…
Ghanaian Agritech startup, Agrocenta raises $790k pre-series A
Ghanaian Agritech startup, and winner of Seedstars World competition for 2018, @agrocenta, has raised $790k pre-series A funding. This follows its seed round of $650k and brings its total disclosed fu…
Why Nigerian legaltech, insurtech startups are not automating estate planning yet
What do insurance and will making in Nigeria have in common? A small addressable market and slow tech adoption. In conversation with tech founders in the space, we find out why and how to salvage the …
Nigerian API fintech startup, Mono enters Y Combinator’s Winter 2021 batch
Four months after a $500,000 pre-seed fund, Nigerian API fintech startup, Mono has gotten into Y Combinator’s Winter 2021 batch, giving it access to $125,000 seed fund and other funding opportunities…
Nigerian fintech startup, Cowrywise, raises $3m pre-series A funding led by Quona Capital
Nigerian wealth management startup, @cowrywise has raised $3m pre-series A funding led by US-based VC firm,@QuonaCapital . This follows seed investments from the likes of @ycombinator, @microtraction,…
Report: Nigerian tech startups raised $120.6m in 2020
Nigerian tech startups raised a total of $120.6 million in 2020, with Financial Services providers accounting for more than half of the amount. Find out about this and much more in the 2020 annual rep…
How serial entrepreneur, Etop Ikpe built 5 tech businesses in 15 years
Etop Ikpe is one of the most successful serial tech entrepreneurs in Nigeria. Here, he shares his journey building five tech businesses, exiting two, and what it feels like to be a serial entrepreneur…
Nigerian edtech startup, uLesson, raises $7.5m Series A led by Owl Ventures
Nigerian learning tech platform, @uLessonApp is kickstarting 2021 on a high note. The startup has raised $7.5m in Series A, led by US-based Owl Ventures, bringing its total investments to $10.6m in ju…
Nigerian freelance startup, TERAWORK is providing growth opportunities for African offline professionals
Three years ago, Femi Taiwo founded an online freelance startup, TERAWORK, after an unpleasant experience with a gig worker. The platform has evolved to now focus on digital and non-digital profession…
Ghanaian-based fintech startup, OZÉ raises $700k seed to drive growth for African MSMEs
OZÉ, the Ghanaian fintech startup founded in 2017 to help MSMEs with capital has raised $700k in seed funding. Anorak Ventures, Matuca Sarl, and Rising Tide Africa joined Ingressive Capital and MEST t…
Flutterwave remains the most valuable YC-backed African startup
US seed-stage accelerator, Y Combinator released its updated Top Companies list which includes companies with $150m+ in valuation. Flutterwave is the only African startup on the list despite Paystack&…
With 17k users and $270k in revenue, Selar wants to build the passion economy of Africa
Selar is a Nigerian eCommerce tool that lets creatives and entrepreneurs sell their content. Founder and CEO, Douglas Kendyson tells us about the startup’s journey and how it is building Africa’s pass…
Why Nigerian fintech startup, TeamApt is changing business model and expanding across West and North Africa
Finding success with Monnify and Moniepoint, TeamApt has made plans to shift its focus from bank products to direct consumer and business-facing ones. Also, there are plans to expand across West and N…
African startups raised at least $1.3b in 2020, according to Briter Bridges
Investments went off to a flying start in Jan & Feb 2020 before fluctuating throughout the year. In the end, not less than $1.3b was deployed into African startups, and when M&A come into pl…
Tokunbo Adetona to lead Nairabox as Jay Chikezie steps down from co-CEO role
Nairabox, one of Nigeria’s largest lifestyle concierge platforms, wants to pursue growth aggressively in 2021. Tokunbo Adetona will be tasked with carrying this out going forward, a responsibility he …
In 2020, Nigerians traded more than $400m worth of crypto on local crypto exchange platforms
In October 2020, UsefulTulips reported that $32.3m worth of bitcoin was traded in Nigeria. And judging by the numbers of different crypto-exchange platforms, Nigerians likely traded $400m+ worth of cr…
An insight into how Lagos and US-based VC, GreenHouse Capital invests in African startups
A spin-off from Venture Garden Group, Nigerian fintech conglomerate, GreenHouse Capital launched as an investment firm in 2014. With startups like CredPal and Flutterwave in its portfolio, here’s how …
