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.
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The Nigerian Startup Funding Report by Techpoint.ng is a quarterly analysis of funding activities within the Nigerian startup scene. Now in its second edition, the report is being collated in the build-up to an annual report which will be published at the end of the year. The maiden edition, which will remain available for download,…
Microtraction recently announced its second investment yet, in Bitkoin Africa. Amid uncertainties and strict regulations, the cryptocurrency trading startup could face some challenges as a relatively new prospect in the African cryptocurrency space.
A lot of recent attention has been on the 2019 general election. However, the unrest in not restricted to political arena, as tech companies in Nigeria are also feeling the heat.
The Lagos Tour of Demo Africa, held in partnership with Techpoint and the Co-creation Hub, culminated in a pitch event held on the 3rd of July. 3 startups emerged regional semi-finalists, in the lead up to the finale in Morrocco in October.
Kaduna-based fintech startup, Payant announced over ₦1 billion in transaction value in less than 2 years of operation. They also shared projections for the year end.
Logistics startup Kobo360 has been accepted into the YCombinator Class of 2018 and raised $1.2 million in pre-seed funding.
Following the 2018 MEST Africa Summit which took place in Cape Town and lasted three days, Nigeria’s Accounteer would go to win the competition, receiving an award of $50,000 in equity investment from the Meltwater Foundation
But not providing modalities regarding how the African development funding will be handled indeed left many Africans confused.
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Technology is constantly reinforcing regional trends in business, investment, opportunities and modernisation, which accelerates globalisation. Lagos is still the gold standard for tech entrepreneurship in Nigeria. However, Akure (Ondo state capital) is fast emerging as a new destination of choice for tech startups as well as larger enterprise companies. Akure has two hubs, two co-working…
Led by Olumide Soyombo, founder of LeadPath Nigeria, and with participation from International and Pan-African investors Village Capital and Ventures Platform, Piggybank will deploy the $1.1 million VC investment for license acquisition and product development.
Macron has made recent visits to Africa and lauded the initiatives coming from the continent. It comes as no surprise that he has a big game plan for African startups.
The company behind the popular Opera browser, Opera Software is about closing an acquisition deal for Telnet Nigeria Limited’s mobile money platform — Paycom. It was reported that Opera Software is set to acquire a controlling stake in Paycom with the intention that OPay — Opera’s mobile payment platform — will have footprints in the…
The competing startups at Venture Clash event were Solynta Mobile, Sattrak Services Limited, CompareIN Ltd, Kangpe Inc, Advancio Interactive, Amplify, Beeptool Comm. & Integrated Services Limited, Virtual Farm, SBSC. eMed Diaries, Peach Water Consulting, Social Lender and FINT.
Facebook in partnership with CcHub yesterday launched NG Hub to collaborate, learn and exchange ideas. Here are four things we learnt from the launch
In the next 6 months, the Google Impact Challenge for Africa will reward 36 non-profits with community impact in Nigeria, Kenya and South Africa a total of $6m in grants.
Lidya, a financial services platform focused on improving access to credit for small businesses, has just announced raising $6.9m in Series A funding. This is coming only 14 months after it raised a $1.25m seed round in March, 2017. This latest funding round was led by Omidyar Network, with support from early Paga investor, Alitheia Capital…
In recent times, I have received several emails about updated privacy terms of services from most of the websites and apps that I use. All of them have something to do with GDPR that is taking effect from May 25th, 2018. You too have probably received a few emails like these in your mailbox. GDPR…
The $47.5 million investment in Cellulant not only surpasses that of Flutterwave but has now become the largest involving a Fintech company operating in Africa.
The eventual goal for all students after secondary school is to gain admission into a tertiary institution. But this did not play well for Aboluwarin Kitan-David and Banjo Mofesola Paul who failed unified tertiary matriculation examination (UTME) several times (five and three times respectively). During this period, instead of being discouraged, they embraced failure by…