Nigeria

Most African YC-backed startups in today’s batch are focused on fintech

In Africa, Y Combinator is known to be a major backer of most of the continent’s well-known startups. Two of the most talked-about in the last two quarters — Flutterwave and Paystack &#821

Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

Ideally, it is expected of every business to reach its customers effectively. However, that’s not the case, as limiting factors that hinder proper digital communication come into play at differ

Nigeria’s Plentywaka gets backing from Techstars, plans expansion to Canada

Plentywaka, a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. It will join nine other startups in the class of 2021 and secure

Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insuffic

Ghana’s mPharma partners with Ethiopian conglomerate to enter its eighth market

mPharma, a Ghanaian health tech startup that manages prescription drug inventory for pharmacies and their suppliers, today announced its expansion to Ethiopia. The company was founded by Daniel Shouki

With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One

How African startups raised investments in 2020

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. To understand how much grow

Nigeria’s IROKO plans to go public on the London Stock Exchange AIM in 2022

IROKO, a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market. Founded by Jason Njoku and Bastian Gotter in 2011

Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

In 2018, Carbon, a Nigerian fintech startup, made its financials public for the first time. Although typical for foreign private startups, it’s almost an anomaly in Africa. There have been rare

Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa

Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Venture

African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO

Nigeria’s Autochek raises $3.4M for car sales and service platform

Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million pre-seed round co-led by TLcom Capital and 4DX ventu

Dear Sophie: What does Biden’s win mean for tech immigration?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entr

Nigeria’s Kuda raises $10M to be the mobile-first challenger bank for Africa

The African continent is currently one of the fastest-growing regions when it comes to mobile growth, and financial technology companies that are building services to meet that rapidly-expanding marke

Bridgefy launches end-to-end encrypted messaging for the app used during protests and disasters

Offline-messaging app Bridgefy — which innovatively uses Bluetooth and Wi-Fi — became known as the go-to app by thousands of protesters around the world to keep communications going even when oppr

Solve the ‘dead equity’ problem with a longer founder vesting schedule

The four-year vesting schedule that the typical startup uses today is a problem waiting to happen. Here's how you can fix it forever.

Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographie

Explore the global markets of micromobility at TC Sessions: Mobility

While electric scooters first launched at scale in the U.S., they quickly made their way overseas. Now, there’s a bustling electric scooter market in Europe, China, Latin America and one that&#8

A conversation with Tunde Kehinde of Lidya on finance and the digital divide

Small and medium businesses have been some of the hardest hit in the COVID-19 pandemic. And all that has been as true in emerging markets as it has been for SMBs in the developed world. Tunde Kehinde

Interswitch to revive its Africa venture fund, CEO confirms

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again — according to CEO Mitchell Elegbe — who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder did
Load More