Startups

EXCLUSIVE

Uber and Bolt introduce audio recording but concerns remain over user privacy

Bolt Uber

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How Flex Finance helps African businesses save money with its spend management solution

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Serial entrepreneur, Victor Fatanmi, shares how founders can benefit from building in public

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Nigerian insurtech startup, MyCover.ai, has raised a $1.25 million pre-seed to invest in its proprietary technology

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Nigerian-based HR tech startup, Propel, raises $2.74 million in seed funding to scale its community platform

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How this former Jumia sales consultant aims to revolutionise small business operations in Africa

Moosbu Founders

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Payday Co-founder to step down after 18 months

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Fintech startup, Zuvy, emerges from stealth with $4.5 million to provide invoice financing for African SMEs

Zuvy Co-founders, Angel Onuoha and Ahmad Shehu

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PalmPay reportedly hits 25m users, unveils savings plan with strange 20% annual interest

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Aruwa Capital invests $2 million in Fastizers to expand its product offerings in Nigeria  

Adesuwa Okuno-Rhodes, Managing Partner and Founder, Aruwa Capital Management.

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Wave is the only African startup on Y Combinator’s list of top 50 companies by revenue

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Kubik gets $3.34 million to turn plastic waste into low-cost building materials 

Kubik has just raised $3.34 million to eliminate plastic waste

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How SecondSTAX plans to unlock value in Africa’s capital markets 

Some members of the SecondSTAX team

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Google for Startups awards $4 million to 25 African companies for its third Black Founders Fund cohort

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This 3-year-old startup has raised $3.7m to build a marketplace place for wholesalers to buy second-hand electronics

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Nigerian customer engagement startup, Termii raises $3.65 million to expand across Africa

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Swedish software company, Medius, plans to acquire Expensya, a Tunisian startup, to promote its products  

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This startup is saving African companies millions in legal disputes, fusing ancient wisdom with modern innovation

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Scam allegations by Hindenberg Research send Tingo Group’s NASDAQ shares into a tailspin

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Moove’s driver defaults exposes the challenges of lending in Nigeria

Moove




















Uber and Bolt introduce audio recording but concerns remain over user privacy

Following widespread reports of insecurity on ride-hailing platforms, Bolt and Uber have introduced audio recording features, but will this reduce insecurity during trips?

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How Flex Finance helps African businesses save money with its spend management solution

Businesses across Africa spend hours tracking and reconciling their finances, but Flex Finance provides a platform that enables them to track, automate, and reconcile their finances.

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Serial entrepreneur, Victor Fatanmi, shares how founders can benefit from building in public

Startup founders are always searching for the best way to promote their startups, and building in public offers huge benefits. In this article, Victor Fatanmi shares his thoughts on its suitability for startups and tips founders can use to increase its effectiveness.

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Nigerian insurtech startup, MyCover.ai, has raised a $1.25 million pre-seed to invest in its proprietary technology

Nigerian insurtech startup, MyCover.ai, has raised $1.25 million pre-seed to support its internal operations and tech talent, invest in its proprietary technology, and strategically expand its operations into additional African markets.

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Nigerian-based HR tech startup, Propel, raises $2.74 million in seed funding to scale its community platform

Founded in 2020, Nigerian-based HR tech startup, Propel, raises $2.74 million in seed funding to expand its ecosystem of communities, scale its community platform, and introduce new client offerings.

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How this former Jumia sales consultant aims to revolutionise small business operations in Africa

Small businesses in Africa provide more than 80% of the continent’s jobs but do not often use technology in their operations. Moosbu wants to change it with an all-in-one tool for SMEs.

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Payday Co-founder to step down after 18 months

After 18 months of working with cross-border payments startup, Payday, Ogechi Yvonne Obike has announced her intention to step down as the company’s Chief Operating Officer (COO).

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Fintech startup, Zuvy, emerges from stealth with $4.5 million to provide invoice financing for African SMEs

Delayed payments affect the cashflows and revenues of almost half of the MSMEs in Nigeria. But Nigerian fintech startup, Zuvy provides invoice financing to cushion these effects and now has $4.5 million to further its mission.

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PalmPay reportedly hits 25m users, unveils savings plan with strange 20% annual interest

After four years of operating in Nigeria, PalmPay’s payments ecosystem reportedly has over 25 million users, 500,000 mobile money agents, and 300,000 merchants.

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Aruwa Capital invests $2 million in Fastizers to expand its product offerings in Nigeria  

Aruwa Capital Management has invested $2 million in Fastizers to expand its product offerings in Nigeria. The Nigerian snack food and confectionery producer also plans to create more jobs with the funds.

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Wave is the only African startup on Y Combinator’s list of top 50 companies by revenue

Wave, a Senegalese fintech, is the only African startup on Y Combinator’s list of top 50 portfolio companies with the highest revenue in 2022.

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Kubik gets $3.34 million to turn plastic waste into low-cost building materials 

Fresh from being named Africa’s best climate tech startup, Kubik has announced $3.34 million in seed funding to eliminate plastic waste in Africa.

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How SecondSTAX plans to unlock value in Africa’s capital markets 

More than $300 billion has been raised through Africa’s capital markets. However, investors remain restricted by geography. With ample experience in finance and technology, Eugene Tawiah and Duke Lartey founded SecondSTAX to increase access to capital markets in Africa.

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Google for Startups awards $4 million to 25 African companies for its third Black Founders Fund cohort

Google for Startups has selected 25 African startups for the third cohort of its Black Founders Fund, with 10 Nigerian and 5 Kenyan grantees.

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This 3-year-old startup has raised $3.7m to build a marketplace place for wholesalers to buy second-hand electronics

Markets like computer village in Lagos, Nigeria have an informal way of buying and selling electronics. However, Eze has raised $3.7 million to formalise the way they operate making it easy to get electronics.

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Nigerian customer engagement startup, Termii raises $3.65 million to expand across Africa

Termii, a Nigerian customer engagement startup has raised $3.65 million as it launches what it calls the world’s first authenticator app that allows businesses to communicate directly with customers.

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Swedish software company, Medius, plans to acquire Expensya, a Tunisian startup, to promote its products  

This acquisition will also offer Medius AI-enabled, mobile-first employee spend management capabilities.

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This startup is saving African companies millions in legal disputes, fusing ancient wisdom with modern innovation

If you ever have to deal with people for your business or job, E-Arbitrator’s melding of time honoured arbitration and AI technologies, might save you time and millions.

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Scam allegations by Hindenberg Research send Tingo Group’s NASDAQ shares into a tailspin

Shares of Tingo Group has dropped following a report that details irregularities in its business.

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Moove’s driver defaults exposes the challenges of lending in Nigeria

Moove provides vehicles for ride-hailing drivers in Nigeria with zero down payment. With drivers defaulting and the startup repossessing vehicles, how can the startup stay in business?

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