The Pan-African “Investing in Innovation” program will provide grants and commercialization support to 60 healthtech companies over two years
The program includes hands-on learning in business development, fundraising, product development, pitching, and even access to the digital marketing expertise of Aleph Group
Leading commodities exchange, AFEX to replicate Nigerian success by empowering thousands more smallholder farmers in Africa starting with Kenya
Tomiwa Aladekomo sits with Benjamin Dada to discuss the African Media landscape, Big Cabal's Seed raise, and operational efficiencies.
ThriveAgric emerged as the winner of the Visa Everywhere Initiative (VEI) 2022 for Central Europe, Middle East, and Africa Region (CEMEA).
Kenya's President has declined assent to the "contentious" ICT Practitioners Bill.
Thepeer, an API-based tech infrastructure company raises $2.1 million Seed round led by the Raba Partnership.
Klasha has partnered with TechCabal to produce a whitepaper that discusses African e-commerce and its opportunities.
Launched in 2021, the ODX Accelerator has backed 16 African tech startups including Pivo, Sendstack, Mizala and Oneport 365.
Healthtracka has raised $1.5 million in a seed round led by Hustle Fund and Ingressive Capital.
TERAWORK has launched its iOS and Android mobile app to help employers and entrepreneurs hire, manage and communicate with vetted talent in real-time.
Letter 119 covers MFS Africa's $200 million Series C, MOMO transaction fee reduction in Tanzania, and Uganda's first satellite.
Here are virtual learning development platforms that train tech enthusiasts with hands-on skills to thrive in tech.
The 2022 Mobile Gender Gap Report has revealed that the mobile internet gender gap in Sub-Saharan Africa has remained flat since it was first modelled in 2017.
Uganda has announced that it will launch its first satellite into the low Earth orbit from the International Space Station, this September.
Google has selected 40 startups for its Black Founders Fund Europe. Twelve out of the selected startups have Nigerian founders. One of the startups, Propel, has three Nigerian founders, thereby, bringing the total number of Nigerian founders to 14. Two out of the 14 Nigerian founders are female. 🗺️Please note
This cohort is focused on empowering startups in Ghana that are providing solutions that use technology to drive transformational change to create a more sustainable future for all.
Global HR Leader, Weyinmi Barber shares six ways startups can cultivate a great culture within their organisation.
Hub One, an innovation hub owned by FCMB is introducing Launch, an event aimed at helping startups to pre-launch and connect their product with an audience of the technical and non-technical users (i.e: end users).
BD Insider, Letter 118: USSD code for eNaira, Gozem & IFC $10m fund, and Kenya's Bill to dictate who can be a "tech bro or sis".
We explored the negative and positive angles of the latest NITDA Code of Practice.
Vicious cycle of debt is a serious concern with far-reaching implications for the entire payments industry, says tech and financial gateway service provider PAYM8 CEO Andrew Springate.
The African Venture Philanthropy Alliance (AVPA), Ashoka, and Social Innovation Circle, sponsored by Boehringer Ingelheim as part of their "Making More Health" and Boehringer Ingelheim Social Engagement initiatives, are joining forces to launch the African Healthcare Funders Forum
The Lagos State Government said it will domesticate Nigeria's Startup Bill (NSB) to enable the startup ecosystem in the state.
The Central Bank of Nigeria will introduce an Unstructured Supplementary (USSD) code to improve the Central Bank Digital Currency (CBDC).
Y Combinator's Startup School's inaugural session in Lagos will feature Paystack's CEO and YC alumni, Shola Akinlade.
A recent report by Mozilla Foundation has revealed that Tiktok is fueling disinformation and political tension in Kenya ahead of its August general elections.
This article examines the cheque sizes of African venture capital firms.
Smartphone demand was dented by geopolitical worries in Ukraine and the increasing pressure on consumers due to the increase in commodity and food prices.
The Kaduna Technology City is a collaboration between CoLab, Talent City and the Kaduna State Government. It is designed to create an enabling environment for tech talents and entrepreneurs.
M-PESA GlobalPay virtual card enables customers to use M-PESA to shop at more than 100 million merchants across 200 countries.
The Bank of Uganda (BoU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox.
Klasha has secured an additional $2.1 million to complete its $4.5 million seed round.
Dillali.com, a Nigerian fintech, has launched a new language feature that aims to help Nigerian MSMEs track their finances.
To help small and medium scale businesses have a solid footing and survive the first five years, leading internet giant, Google has partnered with Sendy, a tech company that has built a robust fulfilment infrastructure for e-commerce and consumer brands in the Google Hustle Academy.
You can't transfer more than ₦1m without an indemnity signed with your bank. Other news like Zipline in Kaduna. And Swvl's crisis-induced pause in Kenya are contained in this letter.
All early-stage entrepreneurs across Africa can now apply to the inaugural class of ARM Labs Lagos Techstars accelerator program
Swvl has suspended its intra-city and inter-city rides in Kenya citing the global economic downturn.
Zipline, a US robotics and drone company has launched its first Nigerian distribution centre in Kaduna State.
Although not instantly, Starlink's entry into Nigeria will be a catalyst for individual productivity, business efficiency and the growth of the economy.
Orchestrate (formerly Getwallets) is a payment infrastructure company that give fintechs and merchants access to multiple payment providers with a single integration. But before Orchestrate, there was Getwallets. What changed and what is next?
Lagos State Employment Trust Fund (LSETF) wants to cement Lagos' position as the leading destination for startups in Africa.
The new features and design solutions have reinforced Klasha's dedication to simplifying cross-border transactions while connecting the world to Africa and Africa to the world.
In May 2022, Ethiopia launched its 5G network, Interswitch raised $110 million in investment, and we curated these and other notable stories.
Play-to-earn (P2E) gaming adoption in Nigeria could hit 33% this year, according to Finder’s NFT Gaming Adoption Report.
Insights into Jobberman's report on barriers to woman's participation in Nigeria's labour market.
BD Insider, #116 covers Lagos state's denouncement of inDriver and Rida as “unlicensed” operators, Starlink's approval by Nigeria and Mozambique.
If you’ve got zero interest in coding but still fancy a career in tech, these are a number of non-coding career roles you could explore.
Decentralised Autonomous Organisation (DAO) are entities represented by rules encoded as a transparent computer program, controlled by the organisation members, and not influenced by a central government.
How do you invest during an economic downturn? Will the early-stage investment landscape feel the impact of the crunch?
Founded in 2020, Irritech has provided solar-powered irrigation and water pumping systems for 2146 farmers across 16 states in Nigeria
Uber has completed one billion rides across its African routes, which is over 10 billion kilometres in distance.
Esaal will use the new fund to expand across the MENA region, as well as invest in product development, brand development, and talent acquisition.
Almost a month after adopting Bitcoin as a legal tender, the Central African Republic, CAR has announced its plan to create a “crypto economic zone”.
10 Crypto concepts you need to fully grasp as crypto enthusiasts and even experienced players in the industry.
With the switching license, AppZone will further expand its transaction switching and processing services currently offered to banks and fintechs through its blockchain-based payment network, ZONE, launched in December 2021.
AfriLabs Academy has been developed by Africans for Africans hubs with the focus firmly on the challenges and realities that currently subsist in Africa.
The funding will be used to further build out its digital platform, grow its product offerings, and launch operations in new markets.
“Once there is a challenge with new cars, it affects the supply of used cars—more than 95% of vehicles in sub-Saharan Africa are used cars.”
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
Autochek has acquired KIFAL Auto to drive its expansion into North Africa. The acquisition is arguably the first major expansion of a West Africa-based startup into the region.
Google for Startups has opened applications for the second cohort of the Black Founders Fund for Africa.
The funds injection will be used to sustain Carepoint's growth, improve its technology and create more products
The funds will be used to expand to other African countries, improve its asset-light technology and build out a proprietary global shipping infrastructure.
Ventures Platform has appointed Dotun Olowoporoku as a new venture partner in a bid to strengthen the Venture Capital’s position as a solid funding partner for Africa’s startups.
Decentralised applications (dApps) are digital applications or programs that run on a peer-to-peer network (P2P) or blockchain of computers instead of a single computer.
Bridgecard has secured $440,000 pre-seed from ABV funds, Ingressive Capital, Voltron Capital and other investors to build the OS for finance in Africa.
Ethiopia joins other leading African countries like Kenya and Nigeria who are integrating 5G technology.
In Northern Nigeria, Alewa House is enabling creators to monetize and distribute their content.
Global Investment firm with over $2.3B AUM appoints SA-Native Robert Lamprecht as Head of Research
Femi Adekoya, also known as the flying farmer, is revolutionizing Nigeria’s agriculture by giving drone-powered solutions to commercial and smallholder farmers.
Africa’s leading recruitment marketplaces like Jobberman Nigeria, Jobberman Ghana, BrighterMonday Kenya and Uganda announces their new identity.
Hello Pay’s new high-end Android mPOS device will help merchants, from small traders to SMEs, be a part of tomorrow’s business landscape today.
Pennee set out to provide credit financing options to small businesses.
World-class tech hubs to learn high-income tech skills at no cost or at an incredibly discounted price.
Commodities exchange wins recognition in first-ever Africa ranking list that recognises innovative, modern and fast-growing companies
In this letter, we covered Y Combinator's activities in Africa since 2009 and Nigeria telcos' proposal for a 40% tariff hike.
Doing your research on crypto does not have to be tedious; once you understand the necessary information to look for and where to look for them, making informed investment decisions become easier.
Norebase has secured $1 million pre-seed to facilitate its platform to enable businesses to start, scale and operate across Africa and the US.
Duke Ekezie-Joseph, co-founder and Chief Growth Officer has been named Kippa's President to meet the demands of a rapidly growing customer base following the launch of new digital products.
Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce its popular mobile payment platform M-Pesa in the market of 110 million users.
In this letter, we covered Meta's response to allegations of poor work conditions at its contractor’s hub in Kenya and Flutterwave's response to 86fb/86z allegations
OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in Africa and support its expansion into new markets across the continent.
Eden Life - the tech-powered ‘concierge of comfort’- aims to remove the barriers to finding reliable household services in Nairobi, building on its success in Lagos
FanBants puts every football fan where they want to be – as managers of their own team.
The Central African Republic (CAR) has adopted bitcoin as legal tender. Making CAR the first African country and the second country in the world to make the adoption—after El Salvador.
MTN Nigeria's new funding is in accordance with the company’s strategy to diversify its financing options, with the proceeds being deployed towards working capital and general corporate purposes.
Over 200 edtech startups are spread across Africa using diverse models to bridge the quality education gap. This listicle captures a few of the edtech startups that will have covered previously.
GoVote.ng is a platform and campaign to educate Nigerians on how to register to vote in the country’s General Elections and mobilise them to do so.
Techstars has launched the Lagos Techstars Accelerator Program in partnership with ARM Labs Lagos, which aims to invest in early-stage fintech and proptech companies based in Africa.
Farmerline delivers quality farm inputs and education on the best farming practices through partner agribusinesses.
Over the next three months, CcHUB will be supporting the 9 selected startups to achieve product stability and scalability, market readiness and investment.
With Stitch LinkPay, businesses in South Africa and Nigeria can enable users to link their financial accounts and pay securely via instant bank transfer, in seconds.
In BD Insider, Letter 110, we covered the University of Johannesburg's plan to issue blockchain-based certificates for graduates and YC’s most valuable African startups.
Incubators focus on startups who have disruptive ideas. They help flesh out these ideas and provide the right environment, resources and people to make the idea blossom to a profitable business.
With a design capacity roughly 20 times larger than any other cable currently serving the region, the Equiano subsea internet cable will have a direct impact on connectivity, resulting in faster internet speeds, reduced internet prices and improved user experience in Nigeria.
Bolt might turn off car ride-hailing category in Tanzania should regulatory authority uphold its new service fee directive.
The partnership will see 43,000km of fibre cable rolled out to help promote connectivity through the expansion of the country's broadband infrastructure.
These apps allow African payment method and provide learning materials for crypto enthusiasts who want to delve into the cryptocurrency space.
The Board of Directors of the African Development Bank has approved an equity investment of €9.8 million to support venture capital investments in African start-ups, from seed to growth stages.
Ingressive for Good leads the charge to build the pipeline of tech talent in Africa.
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
BD Insider, Letter 109 covers Standard Chartered Bank's exit from seven African Markets and Google's plan to land its Equiano Cable in Nigeria this month.
Uber has suspended its operations in Tanzania due to the tough regulatory environment in the East African country.
Moniepoint is poised to empower Nigerians to manage, protect, and grow their businesses.
Africa is one of Luno’s strongest markets, over 55% of the new customers added in the last 6 months are based on the continent.
The UK's Global Talent Visa allows exceptional professionals academia or research, arts and culture and digital technology to work in the UK.
Out of the 12 companies selected for the Techstars New York (Techstars NYC) Class of Spring 2022, three are African tech companies.
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB).
MainOne has announced plans to expand its data center business, MDXI into new territories across West Africa
Izifin, an Artificial Intelligence focused Embedded software provider, is empowering all businesses, despite of their size or sector, to better leverage data and serve their customers.
BD Insider, Letter 108 covers eNaira's rank on the global index of retail CBDCs globally, DiDi's departure from South Africa and the UK's Global Talent Visa.
The Bank of Ghana (BOG) has issued a reminder warning citizens, and companies to stop transacting business, pricing goods and services and advertising in foreign currencies.
The Africa Education Medal was launched this year in collaboration with HP and Intel to recognise the tireless work of those who are changing education across the continent
The new funds injection will go into expanding its 50-man team, boosting its technology and exploring new markets like Ghana and Egypt.
Visa has launched its first African innovation hub in Kenya to drive product development across the continent.
The Central Bank of Nigeria (CBN) has fined some commercial banks for failing to comply with regulations that bar customers from transacting in cryptocurrencies.
SmartWage has raised a $2 million seed fund to bridge the gap between South African enterprises and their frontline employees
Oystr Finance, a fintech startup building alternative data infrastructure for Africa’s underserved, has won SheVentures Tech Pitch, taking home the cash prize of ₦1 million.
Here’s what this week’s Spotify Charts have to say about Nigeria’s music scene.
Microsoft has announced that they have added Zulu to its Microsoft Azure Cognitive Services Translator.
In this article, Deji Lana, CTO at SeamlessHR and Olorunfemi Jegede, COO at Credpal shared the lessons they both learned while building engineering teams at various African startups.
SabiTeach, CDial Africa and LearnAm won the top prizes at the Innovation Challenge, a platform created to encourage innovative, tech-driven ideas to create sustainable jobs.
Opis Group, a British blockchain technology company has expanded its non-fungible token (NFT) play-to-earn (P2E) game, OpiPets, to Africa.
Shirley Somuah will lead CardinalStone Capital Advisers expansion into Ghana
BD Insider, Letter 107 covers the top six disclosed funding rounds by African startups in Q1 2022, Congo’s admission into the East African Community.
MFS Africa has announced that they have completed their acquisition of the Nigerian super-agent Capricorn Digital Limited (Baxi).
The funds will be deployed to grow Tushop’s team, invest in its technology to make its platform as easy to use as possible, and to further expand across Nairobi before rolling the service out to other cities in Kenya.
A conversation with Agnes Muthoni, Director of Strategic Partnerships at Andela on the Andela Developer Survey
NFTs offer IP owners new possibilities to monetize their portfolios. We are still in the early days, and there is still a lot of building to be done. Yet, music NFTs provide some real value and disruption to a traditionally repressive and underserved industry.
The new customisable platform was purpose-built to match elite talent with jobs that fit, not just technical requirements, but personal work preferences too – 70% faster than traditional in-house recruiting.
Liquid Intelligent Technologies has announced that they have acquired a fibre pair on the Equiano subsea cable.
Blockchain networks must solve for scalability. Layer 1 is the underlying structure built to optimize blockchain performance. Layer 2 are third-party protocols that integrate with an underlying Layer-1 blockchain to increase output and efficiency.
Credpal closed a bridge round financing (including equity and debts) totalling $15 million to expand Buy Now Pay Later services in Nigeria and scale across Africa.
In developing SRAP, seven strategic pillars were developed, the thrust of the plan being to implement several initiatives under each of these pillars. This article is focused on the sixth pillar, emerging technologies.
In an interview with Clara Wanjiku Odero, Credrails co-founder, she gave insights into open finance in Africa and the next billion-dollar startup on the continent.
Flutterwave has been licensed as a payment services provider by the Bank of Tanzania to support Tanzanian SMEs overcome challenges presented by the nation's fragmented payment infrastructure.
Moove has partnered with Swvl Inc. to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include electric buses.
Egypt’s number one integrated football gaming and content platform will scale across MENA and SSA
BD Insider, Letter 106 covers Nelson Mandela's arrest-warrant NFT $130,550 auction raise, Ethereum founders support for Zambia's tech hub bid and Meta's plan for Kenya's 2022 elections.
With Decentralised Finance you don’t need the permission of any central authority on how much you spend. No financial or central authority can stop, delay or block your transactions and assets.
The raise was led by Softbank Vision Fund 2, and supported by Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst, CDC, Anthemis Exponential Ventures, Flourish Ventures, Leaps by Bayer, SBI, Breyer Capital, and TO Ventures Food.
Netflix is now receiving applications for the Creative Equity Scholarship Fund for film and TV students in East Africa.
“DevKids is now uLesson Coding School and it’s so much more than a name change,” the edtech startup stated in a tweet on March 3rd.
The Bulb Africa's tech fellowship is a 4-month exercise for individuals that want to learn data analysis, quality assurance, product design.
Carry1st, one of Africa’s leading gaming publishers, has released new insights from its market data that highlights successes that have shaped their growth in the gaming sector.
Klas is a platform that allows anyone to set up an online school and deliver live classes. Their mission is to unlock the power of knowledge sharing.
The investment will enable the company to grow its 200,000+ farmer base, and expand into new African markets, including Ghana, Zambia and Kenya.
Lendsqr plans to connect lenders to capital providers and integrate distributors, BNPL providers and other players in the credit industry into its cloud lending ecosystem.
Microsoft has opened a facility in Lagos, Nigeria for its ‘African Development Center (ADC).
Gricd will enable the delivery of essential healthcare commodities on behalf of the United States Agency for International Development (USAID).
BD Insider, Letter 105 covers Google's Equiano landing in Africa, UBA's partnership with Cellulant and Bolt's internship for women in Africa.
Société d’Infrastructures Numériques (SIN) and CSquared form a joint-venture in major digital infrastructure transformation initiative that lands Google’s Equiano Cable in Togo as the country takes steps to become a leading logistics and services hub in West Africa
Made in Africa religious apps and softwares currently operating and could be the vanguard of new religious tools that will emerge in coming years.
Big Cabal Media (BCM) has secured $2.3 million in a round led by MaC Venture Capital to close its Seed Series
Sokowatch has raised $125 million in a Series B round led by Tiger Global and Avenir Growth Capital.
Luno Expeditions will scale up investments to 200-300 per year, making it one of the most prolific early-stage fintech investors globally.
The Justice Accelerator is HiiL’s flagship innovative programme that funds, trains, and coaches a global cohort of justice startups.
Spleet raises $625k in a pre-seed round to build rent financing and tenant verification solutions for Africans.
Google has announced that 15 African startups will be part of Class 7 of the Google for Startups Accelerator.
The solution is designed to integrate seamlessly with any technology platform and Curacel’s AI-powered infrastructure means claims can be submitted and processed in real time.
Moove has secured $105 million in an oversubscribed Series A2 round* consisting of equity and debt. The round was led by Speedinvest, Left Lane Capital and thelatest.ventures
BD Insider, Letter 104 covers why the Nigerian government closed down digital loan firms, BasiGo launched electric buses in Nairobi and Google's $1 million fund for African women
Proof of Concept is a systematic process to examine the viability of a product idea before valuable resources are invested into it.
Antler East Africa has closed a $13.5 million fund to invest in Africa's early-stage startups.
Spotify has named a Nigerian artist, Fave as the EQUAL Africa ambassador as part of its bid to foster gender equality and provide a platform to celebrate inﬂuential female artists in Africa.
Nigerian digital bank, Yep! has raised $1.5 million in a pre-seed round led by pan-African VC Greenhouse Capital.
OkHi has raised $1.5 million seed extension to address smart address verification issues in Africa.
While Bitmama ranks top as the first African blockchain company to launch physical crypto cards, there are other crypto debit cards providers in Africa.
Klump wants to become the preferred alternative online checkout and in-store payment processing company, providing customers and merchants with flexible payment solutions for products and services.
Klasha is investing heavily in building a library of e-commerce integrations and plug-ins to allow more global merchants to access African consumers seamlessly.
These African tech startups are supporting Chess in Slums Africa to empower children in impoverished communities in Africa.
Dream VC, an investor-accelerator, has launched Launch into Venture Capital and Investor Accelerator to train more than 50 future investors for Africa.
40 African women who are taking the bull by the horns and leading innovative tech startups.
I curated 70 resources to help women in tech start their exploration of the trifecta of knowledge, community, and money.
In this edition, Abdoul Kadry Diallo — co-founder & CMO at ANKA talks about ANKA's growth story, the importance of hiring a CTO and the e-commerce landscape in Africa.
Since January 2020 when SafeBoda started operations in Nigeria, it has made with over 3 million rides made by over 10,000 riders and over 100,000 passengers.
BD Insider, Letter 103 covers why Mercury Bank blocked the bank accounts of some African startups, Paystack's PSP license from the Bank of Ghana.
Susu has raised €2 million ($2.2 million) pre-seed, comprising €1 million in equity financing, €800,000 in debt, and €200,000 in grants.
Sudo Africa has raised $3.7 million pre-seed to build its card-issuing API for developers and businesses in Nigeria.
SheVentures is a First City Monument Bank (FCMB) initiative for women-owned Small and Medium Scale Enterprises (SMEs).
Ckrowd Studios will usher in the new era of digital cinema, providing premium distribution and monetization services to film and content producers, connecting Africa and the global diaspora.
In this edition of Zero to Scale, the founder and CEO of Skooqs and TCKZone Oluwadamilola Soyombo talks about how edtech startups can get more spotlight and Skooqs milestones and impact in less than a year with only grant funding.
The ICANN Managed Root Server (IMRS) clusters will reduce the loading time for websites, particularly when there are spikes in Internet usage.
We must look towards efficient taxation as an avenue to increase revenue. If not, we would continue digging our heels into debt and eventually be caught in a debt trap.
In June 2021, Healthtracka started providing prompt COVID-19 testing for Nigerians to make up for the international travel requirement. How far has this gone?
South African crypto exchange VALR has raised a $50 million Series B fund in an equity funding round by Pantera Capital.
The fintech platform is positioned for further growth as it hits two million customer milestone
Google has announced that its Nigeria-based advertisers will be charged 7.5% value-added tax (VAT) on all ad placements from April 1, 2022.
East Africa's Turaco has announced its expansion to Nigeria through a corporate partnership with AXA Mansard
In this edition of Zero To Scale, Future Africa’s co-founder and operations partner Damilola Fasawe-Aderinto talks about how startups can attract investors and the growth levers African startups should focus on.
The Cartnshop ecosystem brings stakeholders including manufacturers, suppliers and distributors, service providers and e-commerce enablers into the channels, enabling a complete model of B2B2C.
MTN Group has bought 144 plots in Ubuntuland, a South African virtual land for an undisclosed sum.
BD Insider, Letter 102 covers Binance's crypto education in Nigerian universities, Egyptian $50 million venture capital fund for tech startups and Weaver Fintech's acquisition of PayJustNow
Since Spotify's launch in Nigeria, the average number of artists streamed per user has grown by 60%, and Nigerian music fans have created 1.3 million user-generated playlists.
Accelerators give startups the opportunity to test run their business model in a safe space so they can spot weaknesses and adjust things as they go along.
AFEN Blockchain is partnering with Plateau Smart Tourism to virtualize tourism sites in Nigeria's "home of peace and tourism".
To provide news and insights to Hausa readers as to what is going on in Africa’s tech ecosystem Munnir Abdulhamid, an android developer based in Northern Nigeria launched Tech Hausa, a tech news blog covering Africa in Hausa language.
Voyance has raised $500,000 in an oversubscribed pre-seed round to democratize access to data science by accelerating innovation for business and unifying data engineering, machine learning, and business processes.
Nigeria's Canza Finance has closed a $3.27 million seed round to empower underserved sub-Saharan Africa SMEs with financial services
The Green Lion team will join TradeDepot to build the future of retail and make food and supplies more accessible and affordable for even the most remote consumers on the continent.
A few days after becoming Africa's most valuable startup, Flutterwave hosted a flagship event to unveil its major rebrand and also announce its prospect for the coming years.
Jambo wants to create financial prosperity for billions across the continent and foster the next generation of Web 3 innovators, builders, and creators.
Retail payment startup, MarketForce has closed a $40 million Series A round led by V8 Capital Partners to scale merchant inventory financing through a BNPL offering
This partnership will see these youngsters rehabilitated by Chess In Slums Africa, equipped with the tools, mentorship, and vital skills required to conquer the world.
An annual intellectual webinar which attempted to take a 360 overview of Nigeria’s fintech space, what it portends globally and how stakeholders can draw industry insights.
54gene has awarded scholarships to four African PhD candidates to advance genomics research on the continent.
In the BD Insider, Letter 101, we covered Mara Phones’ demise in South Africa and the controversies, Gozem expansion into Cameroon.
Promoting a positive online work culture is more important than ever. Find out how to create a great remote and hybrid workplace culture.
The Accelerator programme is for founders and teams running businesses at the intersection of technology and creativity.
Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.
With $27 million total funding, Stitch is now the most funded API-first fintech startup. What does this mean for Africa API fintechs?
Whipik is doing for writers what YouTube, TikTok, and Spotify have done for video and music creators. Dubbed the future of storytelling, Whipik is helping writers capture their slice of the $104 billion Creator economy.
CrowdForce has raised $3.6m pre-series-A to increase access to cash for rural communities in Nigeria.
Parkit use technology in making the customer journey for car washes very seamless by automating payments, training, and helping them acquire the right tools and consumables for the job.
With the Series D funding, Flutterwave will accelerate customer acquisition and growth through M&A as well as develop complementary products.
Abiola Bonuola, a Nigerian PR Consultant has launched Abiola Bonuola Communications (ABCs), an agency to cater for the public relations needs of African startups, investment firms and tech entrepreneurs.
Nigerian healthtech startup, roHealth will provide 80,000 agents of PayCentre, Nigeria’s foremost Agent Banking Services provider with access to affordable and high-quality health insurance plans on its platform
Generalists often find their path late, and they juggle many interests rather than focusing on one. They’re also more creative, more agile, and able to make connections their more specialized peers can’t see.
Spotify is a pioneer in music streaming and is arguably the best-known service, Apple Music runs second to Spotify in terms of subscribers. However, there are African-focused music streaming platforms that you can explore.
Ckrowd has announced the appointment of Katherine McVicker and Adeleye Fabusoro, as executive board members to its Advisory Board
Nigeria's Remedial Health has raised $1 million in pre-seed funding to digitize and drive efficiency in Africa's pharmaceutical sector.
BD Insider, Letter 100 explores the ying and yang of digitising Africa's informal sector, the Central Bank of Kenya's plan to adopt digital currencies.
Africhange enables anyone in Canada to send money to Nigeria, Ghana and Mexico at the best rates, without unnecessary fees.
VR is the use of computer technology to create a simulated environment which gives the user a feeling similar to interacting with the real world.
Here are some tech (and non tech) gifts that will make life easier for your significant other.
Facebook has instructed its Nigerian advertisers to update their Value Added Tax, VAT records to the site on or before February 25, 2022, or risk not having their adverts displayed on the platform.
Nigerian fintech, Duplo has raised $1.3 million pre-seed fund to digitise payment flows for B2B companies.
The partnership, which will leverage CFAO’s local network and extensive presence, will allow the rapid delivery of brand new vehicles that are more environmental friendly.
BimaLab Nigeria aims to address gaps in the insurance market by equipping, educating, nurturing, and promoting innovators and Insurtech start-ups.
Three months after its launch, BasiGo, a Kenya-based electric vehicle (EV) startup has closed $4.3 million in seed funding to accelerate clean-energy mass transit vehicles in Kenya.
Benjamin Dada shares insights on how startups can leverage social media for growth at the February edition of Hub One's Epic Hour.
Mecho Autotech, a Nigerian vehicle repair and maintenance startup has closed a $2.15 million seed round.
The acquisition will enable Transtura to launch its payment and marketplace solutions in the transportation sector.
I asked 20 non-tech professionals how they broke into tech, their most interesting career highlights, and the challenges they face due to their non-technical background.
Guaranty Trust Holding Company (GTCO) has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM).
For as low as ₦3,000 you can get therapy sessions for a whole week at Nguvu Health.
The round was led by General Atlantic, a leading global equity investor with participation from Partech, Arvantis Social Foundation, Picus Capital, Tencent Exploration, P1 Ventures, Laerdal Million Lives Fund, M3 Inc., and AAIC (Asia Africa Investment and Consulting).
These are 10 mistakes founders make that could hinder the success of their startups in Nigeria.
We curated books that tech professionals — engineers, marketers, entrepreneurs, designers — will find interesting.
BD Insider, Letter 99 covers Nestcoin's plan to train web3 developers, Meta's worst trading week in history and the appointment of Emeka Oparah's appointment as the Vice President of Communication at Airtel Africa.
Afrilearn, an edtech startup has announced that its mobile app can be accessed for free by primary and secondary school students across Nigeria and beyond.
Through this partnership, Bridgia is now one of the 21 Google for Education Integrated Solutions Initiative partners in the region of Europe, the Middle East, and Africa.
Ukheshe Technologies, a pan-African fintech startup has significantly improved its Broad-Based Black Economic Empowerment (B-BBEE) performance.
Among the top ten shows were Ghana Jollof, BBNaija, I Am Laycon and My Flatmates.
Aboki Africa has completed a major rebranding to Grey. The rebranding to Grey reflects the accelerated way the company has grown and expanded in the last year.
Casava, an insurtech startup has raised $4 million to provide accessible and affordable digital insurance in Nigeria.
Ndovu, a Kenyan wealth-tech startup has officially been launched today in Nairobi, Kenya.
The February 2022 edition of Epic Hour slated to hold on the 4th of February is tagged "leveraging digital media to drive growth for startups" with Benjamin Dada and David I Adeleke as guests.
Moove Africa has received a $10 million financing facility from NBK Capital Partners Mezzanine Fund II, bringing its total funding raised to $78.2 million.
AltSchool Africa has secured $1 million in its pre-seed funding to train entry-level tech talent in Africa.
Nestcoin, a Lagos-based crypto-focused startup, has raised $6.45 million in a pre-seed round.
Nigeria's foremost commodities market player is seeking to raise up to $240m to bolster Nigeria's agriculture sector.
Following its inability to meet up with its financial obligations to investors, Crowdyvest has embarked on a debt recovery process to enable the refund of overdue payments.
Bamboo will use the funds to accelerate its growth, penetrate new markets and create more products.
If healthtech innovators would just ride the waves of certain drivers, more funds will be invested in the health sector and Africa’s healthcare system will be transformed.
BD Insider, Letter 98 covered James Manyinka appointment as a senior vice president at Google, the #YoutubeBlackVoices Creator Class of 2022 and Binance CEO's letter to Nigerians.
The African Tech Startups Funding Report explored the important details about the over $2.148 billion in 800+ deals that were raised by African startups in 2021 — the number of funded startups grew by 42.1 per cent on 397 in 2020.
AR bridges the gap between our imagination and the real world. It’s transforming the way we work, learn, play, shop, and connect with the world.
Learn the thought process that goes into crafting a winning pitch deck that would be memorable to investors and get you the funds you need for your startup.
TLcom has announced a first close of $70 million for its $150 million Africa focused tech fund to invest in 20 early-stage startups on the continent.
The Sandbox Metaverse Accelerator Program will enable the development of the open metaverse by investing in 30 to 40 blockchain startups a year, up to $250,000 in each startup.
The program will be spearheaded by its innovation division, Partech Shaker to help European start-ups penetrate into the African markets.
OZÉ, a Ghana-based fintech startup that focuses on scaling small African businesses through digitized operations and affordable capital has raised a $3 million pre-Series A round.
Oracle now has 37 cloud regions globally and plans to open an additional seven cloud regions before the end of 2022
Uber has launched UberMoto, a two-wheeler alternative in Ibadan with a 100 Naira minimum fare offering riders a 78 per cent lower-cost alternative.
These African companies are participating in Y Combinator's 2022 Winter batch.
In this letter, we covered Netflix plan to support African creatives with a $1 million scholarship fund, QED appointment of two Nigerians, Carry1st $20 million seed extension.
Daniel Junowicz, Managing Director of LATAM & Africa at AppsFlyer, explores the key trends of mobile apps in Africa in 2022.
Affle and AppsFlyer are bringing together global experts to explore Africa's mobile marketing success secrets and lessons from the post-COVID era.
Dojah, a unified KYC and digital onboarding solution company will participate in the Y Combinator Winter 2022 (YC W22) cohort.
PAPSS was created to unlock Africa’s massive potential for internal trade, enabling an efficient flow of transactions across the African border.
An API is a set of functions that allows applications to access data and interact with external software components, operating systems, or microservices.
Moneyrise Conference is taking place on January 29 in Lagos at The Civic Center, Victoria Island. Teni The Entertainer will also entertain attendees with a live band performance
Frain will use the funds to invest in the development of Convoy, a cloud-native webhook service, and develop more tools for developers.
Orda, a Lagos-based startup has raised a $1.1 million pre-seed fund to build an all-in-one cloud-based software for Africa's food business owners.
In this edition of Zero to Scale, Agricorp CEO Kenneth Obiajulu talks about the role of technology in agriculture and how Agricorp is different from other agritech startups.
Based on their stories, funding and user base, we curated a list of some of the most promising early-stage startups in Africa you should watch out for.
Float, a Ghana-based fintech startup has raised $17 million to boost its cash management and digital lending platform for African small- and medium-sized businesses.
Move your startup to Canada and build global companies
In this letter, we covered African tech startups that pitched at Techstars Toronto's demo day, the new YC standard deal and digital banking.
The financial debacle of agritech startups should have been resolved last year. But Agropartnership, Crowdyvest, Farmnow, Farmpower and other agritech crowdfunding platforms still owe investors millions of naira.
Product Management is trying to solve the problem of shared understanding. A shared understanding of the customers, their problems, of how the team would get there, how success would be measured and how things would be broken into tiny, deliverable bits.
Lipa Later, a Kenyan tech-led consumer credit platform raises $12 million in Pre-Series A funding to expand in its existing markets and new markets.
The Nigerian government has lifted the suspension of Twitter's operations in Nigeria after approval by President Muhammadu Buhari.
My appointment will be one of the biggest success stories for our continent- Angela Kyerematen-Jimoh
SeamlessHR has raised $10 million in a Series A round led by TLcom Capital. It will use the funding to launch a new embedded finance product and add other product functionalities.
Standard Chartered Nigeria to shut down 13 bank branches to focus on digital banking.
Y Combinator has announced that in addition to the existing $125,000 investment which all accepted startups get, Y Combinator will invest an additional $375,000.
Afrikea has raised $6.2 million in a pre-Series A round. It's also rebranding to ANKA.
This letter covered Nigeria's plan to tax non-resident digital firms, Cameroon's 0.2% tax on mobile money transactions and Twitter's ban in Nigeria
Bfree, a Lagos-based credit management fintech has raised $1.7 million in a pre-Series A round.
With these wealth management apps, you can take control of your spending habits by investing and saving your money to grow your network.
Here are 25 health startups that are challenging the status quo and changing the negative narrative about Africa’s health system.
Ghanaian health startup, mPharma has raised $35 million in a Series D round to embark on pan-African expansion and launch an e-commerce platform.
The SME Growth Lab is designed to equip business owners with digital skills and give them access to knowledge and mentorship that will transform their businesses.
In the BD Insider, Letter 94, we shared some things we'd like to see happen in Africa's tech ecosystem in 2022
This is our first published year-in-review article. We talk about our wins and losses, plans for 2022, and the most popular articles we published this year.
In the Zero to Scale series this year, six founders shared how they were able to build and scale their startups; we compiled six lessons out of their experiences.
How to be an angel investor with less than $3,000: Join an angel network, join a syndicate or angel group, and use tokenized equity platforms like GetEquity and WeFunder.
2021 is Africa's tech ecosystem's most exciting year yet, over $4.27 billion was jointly raised by startups. We look at the ups and downs of the year.
Nigerian-focused edtech startup, Teesas has raised $1.6 million in a pre-seed round, to provide e-learning materials in indigenous languages for young Nigerians.
Blockchain is a digital ledger of transactions decentralised, duplicated, and distributed across different networks of computer systems.
MTN-backed Africa’s Super App, Ayoba has attained over 10 million monthly active users.
Lectera celebrates its first anniversary with over $5 million turnover and 180,000 users. It plans to conquer African markets with its model of fast education, fast results next year.
In 2021, tech startups operating across Africa have jointly raised over $4.27 billion in 800+ deals, this record quadruped the $1.1 billion that was pumped into the continent amidst the pandemic last year.
Planet42, a South Africa-based car subscription company has raised a $30 million equity round, to expand its car inventory in South Africa and Mexico.
MAX.ng to use $31 million Series B funding to expand across Africa, deploy electric vehicles infrastructure and provide credit to drivers.
Surprise your loved ones with any of these 10 handpicked tech gifts that come at an incredibly affordable price (below $100 below.)
Busha is celebrating the holidays by giving out free ₦2,000 in bitcoin to new customers.
AdvoKC, a youth-led civic-tech organization has launched a digital platform that allows citizens to hold its elected public officials in Nigeria accountable.
BD Inisder, Letter 92 covered Bitcoin Trust Fund, alternatives to Bolt and Uber in Nigeria, social media censorship in Africa
Minimum Viable Product is the first thing you can give to the very first set of users you want to target to see if you can provide any value at all.
The Nigeria Startup Bill (NSB) was on the 15th of Dec. approved by the Federal Executive Council(FEC) and is a step closer to getting enacted into law.
Africa has become the most censorship intensive region globally, responsible for nearly 53% of all cases in 2021.
Ventures Platform, a pan-African VC firm has announced the first close of its new $40 million Pan-African, early-stage fund to invest in market-creating innovations.
Prackage, a Lagos-based personal branding startup has launched to enable professionals to take control of their own narrative and get the right attention for their accomplishments
Africa FinTech Foundry (AFF) to hold a roundtable discussion on the future of payments in Africa on the 17th of December 2021.
Moove, an African mobility fintech, has launched operations in Nairobi, its first city in East Africa and sixth on the continent.
Edukoya, a female-led and Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global.
Aside from Bolt and Uber, there are several other ride-hailing companies across Nigeria that offer convenient rides and serve as alternatives to the less-than-efficient public transport system.
Metaverse Magna (MVM) is sponsoring anyone with internet access and a commitment to improving the quality of their lives with a rare opportunity to earn up to $1,000 a month playing crypto games.
Technext, held the maiden edition of the Technext Coinference to discuss the future of cryptocurrency in Nigeria
2021 will be remembered as the year when ordinary people, institutions and businesses were buoyed to invest in crypto at a far greater scale than previously seen.
Fintech Innovation Project is a corporate innovation lab set up to facilitate the acceleration of e-commerce growth by supporting both Small and Medium Businesses to go online.
Healthtracka announces partnership with US-based insurtech startup Fleri Inc. Akazi Capital announces undisclosed amount in Healthtracka.
In BD Insider, Letter 91 covers how Seamfix is powering seamless digital transformation and how Mansa connects trustworthy African companies with global investors.
Identity Management is the management of a technology resource(s) to ensure that only verified and authorised people have access to it to be able to carry out their job functions.
Of the many support initiatives that abound in the tech industry, one that stands alone in its unconventionality is the BuildUp campaign by Enyata.
uLesson, an Abuja-based ed-tech startup has raised a $15 million Series B fund. This is arguably the largest disclosed investment in Africa's ed-tech ecosystem.
Autochek, the automotive technology company facilitating auto financing across Africa has launched an "online brand-new cars loan marketplace".
ImaliPay has partnered with Stitch as its payment and open banking partner as part of its South African expansion strategy.
CinetPay, a digital payment platform for merchants in Francophone Africa today announced a $2.4 million seed round from Flutterwave and 4DXVentures.
GetEquity, a Lagos-based tech startup today announced the launch of Dealroom— a suite of products that will enable individuals, startups, VCs, and other investors to manage their capital raises and investments on an accessible virtual platform.
Gricd, a cold chain technology startup has partnered with Nigeria’s National Primary Health Care Development Agency (NPHCDA) to deliver 4.2 million doses of the Moderna COVID-19 vaccine across Nigeria.
Equinix has acquired MainOne in a $320 million deal, as part of its African expansion strategy.
Flow, an API platform connecting real estate agents and social media users leverages significant growth on the continent to target global property market
SendChamp’s solutions allow their users to provide fast and reliable answers to their customers across all relevant channels, revolutionising customer relations on the continent.
Payday, a pan-African fintech startup has launched its ambassadorship programme.
TradeDepot raises $110 million through equity (38%) and debt (62%) financing to support its buy now, pay later services and expand across Africa.
In collaboration with the MIT GOV/LAB, Gatefield, and the Ekiti State, Co-Creation Hub (CcHub) launched the first-ever governance innovation accelerator in Nigeria last week.
In BD Insider, letter 90 we covered Octamile's plan to enable digital insurance, the launch of Deaf eLimu Banking by the Kenyan Bankers Association and other opportunities.
IaaS eliminates the limitations of on-site infrastructure and heightens its advantages in a cost-efficient manner to enhance daily business operations.
The Kenyan Bankers Association has launched 'Deaf eLimu Banking', a Kenyan sign language self-training tool for bankers to enable financial inclusion.
African Capital Alliance (ACA) has made an equity investment through its CAPE IV fund to round off West Indian Ocean Cable Company's (WIOCC) $200 million capital raise.
Redeemers Connect is exclusively for singles, widow[ers] who are in search of a Christian partner.
Loomzy Suites, a prop-tech startup based in Lagos, Nigeria has today announced its plan to expand its operations to turn around the face of hospitality and hotel management using technology.
Financing will strengthen Africa's food security and optimise climate-smart innovations across seven countries
if you are interested in pursuing a career in tech and do not possess any coding skills. Here are 20 noncoding tech roles that might align with your interest, strengths, and experience.
Sabi Am closed a $6 million bridge round amidst record growth, expanded to Kenya last month, and plans to launch in South Africa next year. But why a bridge round?
Carry1st has collaborated with PayPal and Chipper Cash in a move to further accelerate digital payments in Africa.
Founded in 2016, Data Science Nigeria has reached over 500,000 online and offline learners, coupled with high-impact research papers which have been showcased at the world's leading AI conferences.
PennyTree, a Nigerian fintech startup, has launched its gamified digital lifestyle platform. It’s a platform that integrates savings, payments and transfers through a scalable ecosystem built into the lifestyle of its users. With an aim to make financial discipline fun, enjoyable and seamless, PennyTree is on a mission to
Payourse, a Lagos-based blockchain startup, has secured $600,000 pre-seed funding to scale its products — Coinprofile and Simpa, hire more talents, and expand into new markets.
Octamile has emerged from stealth with $500,000 to enable insurance and non-insurance businesses to protect African consumers from financial loss.
The Africa Data Centre (ADC) has launched a 10MW data centre in Lagos, to deploy digitization solutions to West Africa.
Airtel Money has launched a new Airtel Africa Developer Portal to provide open APIs. How has MTN's API marketplace, Chenosis, fared?
Energy startup becomes Africa’s first solar company to launch renewables payment scheme for Nigerians abroad
Fixit45, a Pan-African auto-tech startup has acquired Parkit, a network of tech-enabled autocare and car wash centres.
BD Insider, Letter 89 covers $ECHOKE social token launch, DevKids shutdown, ImaliPay's partnership with Cellulant and other things you will find interesting.
PaaS provides a cost-effective cloud platform for developing, running, and scaling applications without the hassle of managing the underlying infrastructure.
The program, in partnership with Mastercard Foundation’s Young Africa Works, invites early-stage startups in Ghana to apply by 16th January, 2022.
GDG Lagos is hosting DevFest 2021 on December 3, 2021, at the Landmark Event Centre, 9 AM prompt.
Startups in Kenya, Nigeria, South Africa, and Tanzania can apply for the 12-month programme; the deadline is December 10, 2021.
ImaliPay has partnered with Cellulant to change the way gig workers experience making and receiving payments.
DevKids, a live virtual coding class for kids powered by uLesson, an Abuja-based ed-tech startup has been discontinued.
In two years, Treepz (formerly Plentywaka) has set up an office in Canada, acquired two startups in Ghana and Uganda, and closed a $2.8 million seed round.
OnePipe, a fintech API company has raised $3.5 million seed in a round co-led by Atlantica Ventures, Tribe Capital and V&R Associates.
With the $ECHOKE token, fans can become influencers and drive the next generation entertainment industry.
The refreshed mobile app offers a modern design, easy navigation, and exciting new features to deliver top-notch and seamless digital banking experience for its existing and prospective members.
Funding to empower Busha to do more faster, improve security, and take a definitive leadership position in the emerging crypto industry.
Agricorp is set to produce over 40 million birds in Nigeria by 2025, create over 100,000 jobs through its Poultry Development Program and commits to invest NGN 20 billion over the next four years into poultry production.
Wentors mentorship program for women aims to provide mentees with the insight, knowledge and an influential network to reach career highs within the tech industry.
Can payment service banks help Nigeria achieve its financial inclusion target of 95% by 2024?
Letter 88 covers the emerging tech ecosystem in Northern Nigeria, Bitmama Credits Programme, the importance of tech PR amongst other issues.
Mecho Autotech has received an undisclosed amount of investment from Ingressive Capital, Ventures Platform, Tekedia Capital Investment, and Mono's CEO Abdul Hassan.
Cloud computing enables you to share documents or files with your colleague (who is probably in another state) on Google doc. It allows us to host a video conferencing session on Zoom, record and upload it for anyone around the globe access to rewatch
With good tech PR, startups can improve their reputation, which in turn leads to increased revenue.
Korty eo shares her approach to storytelling and how tech companies can improve their marketing
Kippa, a Nigerian fintech startup has raised a $3.2 million pre-seed fund in a round led by Target Global with participation from Entrée Capital, Alter Global and Rally Cap Ventures.
Twenty African companies including Thrive Agric have been selected by the Centre of Financial Inclusion for the 2021 Inclusive Fintech 50 (IF50).
Vella Finance, a US-based financial technology startup redefining financial freedom for Africans has launched into the beta testing stage in Nigeria.
Bitmama has launched the "Bitmama Credit Programme" to equip digital natives globally with skills and resources that will position them in the blockchain ecosystem.
QuickBus, a Pan-African bus booking platform has expanded into Nigeria, Ghana and South Africa to enable intercity road transportation.
By harnessing and deploying the agency of the growing youth population, there is huge potential to accelerate the prosperity of the sector.
The NCC has alerted the public of the existence of another hacking group orchestrating cyber espionage in the African telecoms space.
LazerPay is building the Stripe for cryptocurrencies. And it's giving early access to 500 businesses and creators in Africa.
Lagos-based tech-enabled scheduled bus sharing company" has raised a $1.6 million round led by VestedWorld, a Chicago and Africa-based investment firm.
Despite the high rate of poverty, illiteracy, and insecurity in the North, the emerging tech ecosystem in Northern Nigeria will become a viable location if it is enabled.
The funds will be used to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in Sub-Saharan Africa.
Aboki Africa has raised an undisclosed amount in a pre-seed round led by Mono's CEO, Abdul Hassan, alongside Niche Capital Limited, Ingressive Capital, and other strategic investors.
Letter 87 focuses on Disha's acquisition, Helium Health's expansion into the Middle East and Nestcoins' crypto education initiative.
Rather than always having to carry a compact disk around, you pay software providers a monthly subscription to maintain and provide automatic software updates for you through an internet-based software delivery model.
Nigeria's fintech company, Risevest has named Nigerian singer Teniola Apata, popularly known as Teni Makanaki as its first brand ambassador.
Technext is holding its maiden event, Technext Coinference 2021, on December 9 at the Pistis Conference Centre. It would be the biggest gathering of cryptocurrency enthusiasts, innovators and regulators in Africa yet.
Africa has a credit gap of about $300 billion. And accessible banking and credit are needed now more than ever to close the gap. Evolve Credit, through Configure — its cloud lending software, is providing the technology to enable this to happen at scale.
Helium Health, a Lagos-based healthcare technology provider, acquired Meddy, a UAE-based doctor booking platform in an undisclosed deal.
Busha's new app allows users to buy crypto from as low as ₦250. You can also set recurring purchases and place limit buys and sells.
Flutterwave has acquired Disha in an undisclosed deal, thereby reversing the online no-code tool's planned closure.
Uber Connect will enable efficient delivery of goods amongst consumers and businesses in Lagos, Nigeria
Breach is making it easier for everyone to learn about and understand the potential of cryptocurrency, regardless of where they are in their journey.
JUMO, a South Africa- and London-based fintech company has raised $120 million in the latest funding led by Fidelity Management & Research Company, LLC.
Identitypass has today secured $360,000 in pre-seed funding. The funds will be used by the company for customer acquisition, Research & Development, and Team Expansion.
The Nigerian Communications Commission (NCC) has announced that the auction of the 3.5 Gigahertz (3.5 GHz) spectrum for the deployment of Fifth Generation (5G) technology in Nigeria, will take place on December 13, 2021.
ReadyforWork is an immersive digital career accelerator that uses AI and Machine Learning to equip entry-level job seekers with employment skills and help talent managers make data-driven recruitment decisions.
Lagos is one of the places female CEOs and female fintech founders are likely to call home.
This is a blog copy of the 86th version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based on it.
The purpose of the AfCFTA Caravan initiative is to provide extensive soft infrastructure to boost the capacity of SMEs and startups in Africa to expand beyond their home country.
The Lagos Digital Summit 2021 is taking place at the Zone Tech Park on Friday, 26 November, 10 AM prompt. It's a must-attend.
Fundraising is the process in which startups raise funds externally. In exchange for funds, investors are offered shares in the startup. Investors could be family, friends, angel investors, venture capitals, etc, depending on the seed round.
Kenyan startup Twiga Foods raised $50 million in a Series C round. And some of its early investors received little liquidity through a $30 million secondary sale.
Africa’s leading destination for compliant and professional financial services and cross-border investments, the Kigali International Financial Centre launched a multi-million Dollar Pan-African fund to drive economic and social transformation across the African continent.
Payhippo's new funding will enhance their technology capabilities to support small businesses in Nigeria with innovative solutions to unlock sources of capital for their customers and expand their talent.
Moove has partnered with Lori Systems to enable access to affordable vehicle financing within Africa’s trucking and logistics industry.
Four Ghanaian digital commerce companies, OZÉ, Shopa, Swoove, and Tendo will receive US$120,000 in grant funding from the Catalyst Fund Inclusive Digital Commerce Accelerator as part of the Accelerator's 2nd cohorts.
Chipper Cash has earned the highly coveted unicorn badge after FTX led a $150 million extension round for the African cross-border payments company.
This is a blog copy of the 85th version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based on it.
Lemonade solves a problem that Africans in the diaspora face: sending and receiving money from their home countries in efficient, affordable, and fast ways.
Business to Business is a transaction between two companies, rather than a company and an individual consumer. It’s a unique business model where businesses serve other businesses.
Facebook's cooperate entity is now Meta with the intention to put "metaverse-first" instead of "Facebook"
Stitch, a South Africa-based API fintech has now commenced operations in Nigeria as well as a $2M seed extension with participation from leading global fintech entrepreneurs - bringing their total seed funding to $6M.
The partnership will enable the startup and the award-winning research-for-development organisation to explore ways to increase oil palm yields and deploy the best intercropping mechanisms.
Nigeria’s first food-only delivery platform, Jise has raised $100,000 angel investment from notable investors including, Backroom Capital — Nigeria, Winston Capital — Ireland, Jonny Enagwolor, Co-Founder Treepz Inc amongst others.
The capital will be deployed to bolster its core auto loan processing platform and deepen its footprint in West Africa, starting with its recent entry into Cote d’Ivoire.
Fundall is building Africa’s first financial super app, to help individuals & businesses spend smartly, manage money & grow money — from living their best lives every day to planning for the future.
The Federal High Court in Abuja has made a ruling in favour of Risevest, what impact could this have on Nigeria's tech ecosystem?
Despite the Covid-19 pandemic, the African fintech ecosystem has remained prime to investors and several African entrepreneurs are joining the buzz of creating convenient solutions for the continent’s increasingly populous consumers.
This is a blog copy of the 84th version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based on it.
A business-to-consumers company sells directly to the final users - consumers. They focus on individual clients and serve them in units.
Africa’s new bank for startups and SMEs' set to expand to South Africa & Kenya following funding.
MFS Africa will build Baxi into a key node on its digital payment network, allowing customers to make regional and global payments to and from Nigeria.
This is a blog copy of the 83rd version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based on it.
ILLA aims to optimize post-production supply chain activities for FMCG brands, starting with middle-mile delivery services and being the most fragmented part of the value chain.
Laws and regulations if ignored can hinder the growth of any company. Here are five legal questions every startup should ask before launching.
With the goal to provide logistics and e-commerce fulfilment for merchants in Africa, Sendbox announced the completion 0f its $1.8 million seed round.
Leading African automotive technology company, Autochek has begun its operations in Kenya. Bilhah Muriithi was appointed to lead its operation as the Country Manager.
Toju is making it easier for unbanked Africans to access financial services without breaking the existing layer of trust
Payday becomes the first Rwandan company in history to join the prestigious 3-months Accelerator program that provides entrepreneurs with invaluable skills, resources, and connections to a large pool of global talent and investors.
Pan-African network for social investors, African Venture Philanthropy Alliance (AVPA) and Investor Flow announced a strategic partnership to further promote impact investing across Africa.
It’s the use of cost-effective digital marketing strategies and frameworks to expand your customer base, sell products, and gain exposure.
In this edition of Zero To Scale, we speak with Ayodeji Balogun, CTO, about the challenges of pivoting from a digital agency to a tech-first company.
The recently raised capital will be used to build Eden Life’s in-house technology, and develop world-class kitchens and operations hubs.
Klasha, a startup that simplifies borderless payments for commerce in Africa is now in Ghana
Ourpass app is created to enhance and improve the success rates of online business sales in Africa's digital marketplace.
In the 82nd issue of the BD Insider, we examined the theme for the 2021 international day of the girl child, the Nigeria startup bill, digital quality of life ranking and other issues.
Fixit45 wants to make repair services affordable for car owners and organisations. This will help meet the rising demand for quality automotive repair and maintenance services.
In commemoration of the International Day of the Girl Child, we curated a list of the girls-focused tech communities in Africa
A peer to peer network is a distributed network where each system on the network both stores and transfers data without a central server.
Payday, a Pan African Fintech Startup has secured a one million dollars pre-seed fund to continue with its efforts to enable swift global payments for Africans.
Adora Nwodo's book 'cloud engineering for beginners' explores the concept of cloud computing and roles that exist in the sector
An exclusive Interview with a volunteer supporting the development and passage of the bill, Tomiwa Aladekomo (CEO, Big Cabal Media), on how the Nigeria Startup bill will impact the ecosystem.
Klasha wants to build a technology that will grant Africans frictionless access to the global e-commerce economy regardless of their geographic location.
Nigeria top the list of African startups selected for the Google for Startups Black Founders Fund — part of a $175m long-term commitment toward economic opportunity for Black business owners.
MEST Scale is a venture acceleration program designed by MEST, in partnership with the Mastercard Foundation, to help Small and Medium Enterprises strengthen their operations, address key technology gaps, and increase their ability and capacity to scale their growth
The grant will enable the set-up of operations across key regions in Nigeria and West Africa, increase its marketing efforts, and staff strength to meet growing demand.
The Digital Quality of Life research focuses on the quality of digital wellbeing in 110 countries (90% of the global population). In its third edition, Nigeria ranked 82nd out of 110 countries.
This is a blog copy of the 81st version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based on it
Across the world, users of Facebook-owned social media networks including, WhatsApp, Instagram, Messenger are experiencing a downtime.
The next web evolution will bring with it new tools and strategies beyond what we currently know. Web 3.0 will give us a permissionless, decentralized, peer-to-peer network and other technologies that will dazzle our minds.
Instead of relying on the frequently used foreign mockup images, Check DC has created Nigerian mockups that can be used for local brand messaging.
Startup equity is the amount of ownership shareholders have in a startup. It represents the percentage of the startup’s stock sold to stakeholders (such as investors, advisors, and employees).
Despite high anticipations, the Central Bank of Nigeria has postponed the pilot launch of eNaira.
The Central Bank of Nigeria outlined eight critical objectives that the eNaira should achieve after its pilot launch on October 1st.
In this episode of Zero To Scale, Joshua talks about building Piggyvest from a tweet-inspired idea to one of Nigeria’s biggest technology companies one customer at a time.
After closing this Series E round led by Softbank, Chan Zuckerberg Initiative and other investors, Andela is now valued at $1.5 billion
With more than 1.5 million deliveries for 30,000 merchants in Nigeria's commercial hub, Lagos, Gokada intends to replicate its success in Ibadan, Oyo state.
Kuda is at the forefront of challenger banks looking to change the status quo of banking in Nigeria. However, the startup has had challenges with the same age-old issue that have defined their traditional companions.
TechAdvance has rebranded to Bloc to offer a more personalized experience to its clients.
In the 80th issue of the BD Insider, we explored the eNaira, training of Bitcoin developers by Qala Fellowship and how Shecluded is helping women to achieve financial freedom.
Accelerator programs that admit African startups and can fast track the growth of young innovative startups.
An initiative set to bolster job retention, workplace productivity, business development, and bridge the gender unemployment gap.
They are usually high net worth individuals who have enough excess funds to invest in untested but promising startups who can give them higher returns than traditional financial institutions.
The Federal Government of Nigeria is discussing the modalities for implementation of the new National Cybersecurity Policy and Strategy (NCPS). Here is what you need to know.
500-50-5 is a signature program created to transform indigenous businesses into global enterprises.
Qala Fellowship has received a 0.5BTC grant from the New York-based Human Rights Foundation (HRF) to train Bitcoin developers in Africa.
This is a blog copy of the 79th version of our weekly newsletter, BD Insider. Subscribers get to read it first and can take action based it.
Shecluded plans to change the lives of a lot of women by ensuring more female-led MSMEs grow to large organizations in the future.
Catalysing Conversations 2021, seeks to drive a culture of entrepreneurial leadership and inspire a generation of high-impact entrepreneurs in Nigeria.
Venture Capital is a kind of financing (and expert support) investors provide for young startups who have an innovative product or service and high growth potential. Investors provide technical support and finance in exchange for equity in the startups.
Daniel Levy is half of a dynamic duo, alongside Gil Sperling—Co-CEOs at Flow, a South-African proptech platform that matches people with property, helping landlords and agents be more efficient.
Releaf has secured $4.2 million in seed funding and grants to drive the industrialization of food processing for Africa which will also enable Nigeria’s Oil Palm sector
5G is a technology that opens new opportunities for seamless connectivity and higher data speeds.
The Chainalysis report, which is the first dedicated report on the African crypto ecosystem, explores the volume and nature of transactions on the continent between June 2020 and July 2021.
TecXposition has announced the second edition of its annual African Premier Tech event, themed - ‘Improving Profitability: Changing everyday lives.’
TechAdvance has announced the release of its product, Bloc—a proprietary suite of APIs capable of helping anyone launch a FinTech product in far less time than it usually takes.
Salami Segun, a BNPL enthusiast and the Business Development Manager of Zoomba.ng, believes that their business model reduces the risk of default to the barest minimum.
In this third edition of Zero To Scale, Temitope Ekundayo talks to us about how impressive customer service and one amazing referral started the scaling journey for Printivo.
Renaissance Capital intends to support the African tech ecosystem through advisory, research and venture investing.
Flutterwave will now provide MTN mobile money as a payment method for businesses in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia
Product Market fit is a perfect blend between a product and the market’s need such that clients become raving ambassadors.
Since 2013, the Nigerian government has continued to shut down telecommunication as a means of fighting insecurity, is this an effective measure?
Prospa has raised a $3.8m pre-seed fund to offer software and financial services to Nigerian entrepreneurs and micro-businesses. The pre-seed round was oversubscribed by 380% to become the largest pre-seed round in Nigeria’s Fintech history.
Africa Fintech Summit has announced Flutterwave as the Platinum Sponsor for this year’s edition of Africa Fintech Summit in Cairo. The summit is scheduled to hold in November 16th-17th, 2021.
Pezesha has announced the close of a seven-figure growth funding round led by GreenHouse Capital (GHC). The pan-African fintech company committed to building scalable lending infrastructure for SMEs and institutions disclosed this on Tuesday.
I think the media is an incubator, especially in tech. People are more open to sharing their stories with you when they know you want to help them share it.
Endeavor Nigeria commence a 10-week incubation program to support and seven Nigerian based emerging high impact entrepreneurs.
The EO5 directed that foreign companies with demonstrated and verifiable plans for indigenous capacity development can be awarded contracts when local professionals are lacking expertise
AutoChek has reached an agreement with ROAM Africa to acquire Cheki Kenya and Cheki Uganda as part of its plans to expand further into the African Market
Predatory lenders employ deceptive and aggressive sale tactics to attract unsuspecting borrowers into taking loans they cannot afford.
10 Interconnected, cloud- and carrier-neutral data centers will be built across the length and breadth of the continent in an unrivaled $500m investment in Africa’s digital future
benjamindada.com [https://soundcloud.com/benjamindada] · Under The Hoodie - Olabinjo Adeniran, Growth Partner at Future Africa [https://soundcloud.com/benjamindada/under-the-hoodie-olabinjo-adeniran-growth-partner-at-future-africa]
Bumpa, has announced the close of its $200,000 pre-seed round as it looks to help retailers manage and grow their businesses.
In this second chapter of Zero to Scale, we talk to the man driving growth for Field Intelligence. Peter Bunor is a Co-founder at Field Intelligence, where he doubles as the Global Growth Lead.
Sabi, a B2B marketplace serving Africa’s informal sector, today announced the milestone of over 150,000 small business users on its platform.
In an exclusive with benjamindada.com, ear1, the African social media startup that allows people to talk to influencers and professionals for a small fee, has announced a pre-seed raise of $520,000.
African payments company pawaPay, has secured a $9m Seed raise.
“We’ve built AfriChange to be useful for anyone in Canada who has to send money to Africa, starting with Nigeria” said Tega Ogigirigi
In this first chapter of Zero to Scale, Tolu gives us a peek behind the scenes of the early days at TeamApt and how the team hacked distribution to achieve scale.
MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has acquired WaystoCap, the Morocco-based B2B e-commerce and distribution platform that connects retailers with suppliers across Africa.
In this edition of Under The Hoodie, Damilola talks to us about his transition from being a front-end developer to a Technical Product Manager.
Curacel is an African technology startup creating innovative infrastructure for the insurance sector—one that is notably resistant to change
Transport tech company, Bossbus partners Jim Iyke and his Film Production company, 6th Sense on the release of their debut movie, Bad Comments
Last week, Fourth Canvas, a digital marketing agency based in Nigeria released a report on the challenger brands remaking the bran-customer relationship in Africa.
In line with its mission to promote financial inclusion through blockchain technology, Bitnob has integrated the lightning network to facilitate faster and cheaper transactions on its app
Discover® Global Network and Flutterwave, a San Francisco and Lagos-based payments technology company, have signed an agreement that will help increase acceptance for both local and international e-commerce merchants.
The research publication which is to be launched in September includes a detailed account on the Startup Ecosystem in Egypt, and its progress over the past 5-10 years. The publication is an estimated in-depth analysis detailing the dealings of the Egyptian startup Ecosystem: "who is investing?”, “Who is a part
The eight startups in GreenHouse Lab 2021 include GetEquity, PayHive, MyInvest, Collect Africa, Chumz.io, Route, Scale X and Dojah
Hewlett Packard Enterprise (HP), the US-based laptop manufacturer has announced its support for Utiva with $50,000 in funding.
One can attain mastery in a thing like...like forex trading? Hold that thought while I tell you a quick story.
In this edition of Under The Hoodie, Runo tells us about finding tech while in his second year of school and his journey to finding work.
Scrader is a social commerce app built for Gen Zs and Millennials. It is a platform built on reliability, accountability, utility and trust, aimed at redefining what it means to shop online for this demographic.
Zero To Scale is a new web series that focuses on the journeys of African founders and their startups from day zero until the day they achieve scale.
Digital currencies seem to be gaining quite the popularity with various advanced countries experimenting with it. China has already piloted Digital Yuan in an effort to replace the traditional cash, Britain, the Britcoin. The United States is also experimenting on digitizing the dollar, as well as over 70 other countries
The hackathon is themed around leveraging no-code tools and scalable APIs to help automate products and optimize business logic.
Bitnob, the Nigerian cryptocurrency startup that lets you save in Bitcoin for the daily cost of lunch, is rewarding its users with a Fantasy Premier League competition for the new footballing season.
I-invest allows investors to purchase diverse instruments, including Treasury Bills, Fixed Deposits, Equities, Eurobonds, Commercial papers and Life insurance.
In this edition of Under The Hoodie, Damilola talks to us about carving a path for herself with User Research, and how essential research is for businesses.
This round brings Moove’s total funding to $68.2 million, including $28.2M in equity and $40.0M in debt
Nigerian anti-counterfeit startup, Chekkit closes $500,000 pre-seed round with participation from local and foreign investors.
The 2021 Kids STEAM Bootcamp highlights the commitment of the organizations to ensure the inclusion of African children in the technology space.
NFTs have become a major buzzword and expanded outside of the crypto and tech space to become mainstream since Beeple’s $69.3 million art sale in March.
The electric vehicle movement is well and alive in Nigeria, led by JET Motor Company—a team of young Africans who are designing EVs for Africans.
Organisations in Kenya have become susceptible to financial malware as more employees work outside the relative safety of the corporate network
In this edition of Under The Hoodie, we chat with Ayobamigbe Teriba, a graduate of History and Strategy who currently works at Ingressive Capital as a Relationship Analyst and Ecosystem Engagement Lead.
Digital Health Companies are rapidly gaining traction across the Africa continent. Vezeeta, Helium Health, Nawah Scientific, among many others have raised more than USD 20 million in combined funding [https://digestafrica.com/african-healthcare-startups-raised-1m-venture-funding] to facilitate specialized health care delivery and AI-assisted healthcare delivery. Yet, there is a big chink in
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Stock vesting is one of the ways a startup compensates its early employees. But, it may sometimes involve complex terms. which may not be understandable to a lot of employees. So, what are the key components of stock vesting in an African startup?
Whether you're a content marketer or a business that hired one, you'll find this article very useful.
The products unveiled include: Eyowo, Kwiksell, Useforms, Identify
Kenya leads [/fintech-kenya-leads-us-china-and-africa-in-financial-inclusion-providing-essential-lessons-for-other-african-countries/] many parts of the world in its fintech offerings. As financial services expand rapidly in the country, Bimalab launches an accelerator program to equip talented startup entrepreneurs with essential skills and resources to provide Kenya's low income consumers with insurance services. Kenyan insurers maintained profitability through the
The new locations where Field Intelligence is now active are Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and Eldoret, Mombasa, Kisumu and Naivasha in Kenya.
As we hustle our way towards combining multiple jobs and businesses, we can also trade forex, all we need to do is learn, put in the work, and become masters at it.
Softcom Limited, an innovative indigenous company, hosted an exclusive event to pre-inform select members of the public about the upcoming launch of its products.
Mercy, a 10-year-old Deaf kid living in Northern Nigeria, had to pause schooling for five years due to her condition. The Deaf Tech Foundation is changing this trend for people like her.
In this edition, Peace talks to us about handling social media for a tech company, hating the 9 to 5 lifestyle, and starting a community for non-tech talents in tech.
The partnership will see Autochek integrate with Appzone’s proprietary digital core banking service, BankOne, in facilitating access to credit from over 400 Microfinance institutions for Nigerians.
Co-founded by Olumide Soyombo and Abe Choi, Voltron Capital will deploy capital in up to 30 African startups across a range of sectors and markets.
The CBN's new digital currency will run on Hyperledger Fabric Blockchain, a permissioned ledger that grants the apex regulator exclusivity and altering power.
Softcom, one of Nigeria's leading innovation and technology is announcing Day X—a landmark event to unveil its new, intuitive solutions to accelerate growth for dreamers.
AutoGenius, Nigeria’s premier digital insurance platform, has completed a rebrand to MyCoverGenius.
Nigerians are at the forefront of tech and industry all over the continent, and even abroad. Here's a list of Nigerian entrepreneurs who have founded and led startups and companies in the US.
In this edition of Under The Hoodie, Ada talks to us about her journey from humble roots and how her love for giving back has defined her career.
GSD focuses on companies with international roots because it believes that intellectual capacity is evenly spread throughout the world but opportunity is not.
Like the 10,000-hour rule says; the key to achieving true expertise in any skill is simply a matter of practicing...for 10,000 HOURS!
Esusu, which was co-founded by Nigerian, Abbey Wemimo, has now raised over $14 million in venture funding since its launch.
Cofounded by Nigerian beatmaker Sarz, Amplifihub has partnered with Airbit partner to collect unclaimed royalties for 10,000+ African beatmakers
In-app purchases and gaming apps are gaining momentum in Africa, with Nigeria, South Africa, and Kenya leading the way.
Social audio has transformed how people communicate online, but how has it transformed the way Nigerian brands engage their audience?
DeFi has huge potential to facilitate access and inclusion to financial services such as lending, investing, settlements, online transactions, payments and so much more, provided the infrastructure gap is closed. How can defis elevate financial services in Africa?
The report found that the African mobile app market showed strong growth, with overall installs increasing by 41%. Nigeria showed the highest growth, with a 43% uplift, followed by 37% in South Africa, and 29% in Kenya.
Flutterwave, Africa’s leading payments technology company, has appointed Mr. Oluwabankole Falade (Bankole) as the new Chief Regulatory and Government Relations Officer.
In this edition of #UnderTheHoodie, Michael talks to us about learning to code before he was a teenager, learning humility, and how he got the name “Trojan”.
Following its transformation, Jetseed has launched a new mobile app for a better user experience, unveiled a new logo and exciting new features in the app
M-KOPA, the leading connected asset financing platform, today announces it has officially expanded to Nigeria. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new General Manager.
GetEquity announces a pre-seed investment round led by GreenHouse Capital.
GreenHouse Lab (GHL), the flagship accelerator program by GreenHouse Capital (GHC), announces the opening of applications for the first-ever pan-African fintech accelerator.
Flutterwave will partner with the Nigerian basketball team, D’Tigers, as they head to Tokyo to compete for gold at the 2021 Olympic Games.
YC has announced its Summer 21 batch of startups, of which 9 are African startups.
Tix Africa's funding round was led by HoaQ, with participation from a number of private equity investors, and will enable Tix Africa to build its technology to scale its events apps.
Big tech companies are coming under increasing scrutiny for the harmful effects of their activities on the environment. Africa is no exception to this. What are the harmful effects of big tech to the environment in Africa?
In this edition of Under The Hoodie, Shalvah talks about learning to build for many users, dealing with unfair hiring processes, and much more...
MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has secured $40M in a Series A round, led by RMBV, a prominent impact investor in North Africa.
African lending startup, Payhippo, has raised $1 million in a pre-seed round led by Ventures Platform.
Vazilegal, the African startup-focused law firm, has launched UnHacked—a program targeted at raising support for women-led startups in Africa.
The round was led by Novastar Ventures with participation from FMO, Global Ventures, CDC, Oui Capital, Kepple Africa Ventures, Soma Capital, and a syndicate of local angel investors
Zeepay announced that it has completed a fundraise of $7.9 million in its Series A.0 which was a hybrid of both equity and balance sheet funds to support its operations.
MEST, in partnership with the Mastercard Foundation has announced that applications are open for the next two cohorts of the MEST Express Accelerator program.