The Dakar Network Angels network launched this month, making its first investment in francophone Africa to cleantech venture Coliba. The Ivorian startup—that uses a mobile app to coordinate waste recycling—will receive mentorship and a minimum of $25K in seed funds. The deal is part of Dakar Network Angels’ mission of convening experts and capital to […]
View More Dakar Network Angels begins startup investments in francophone AfricaCategory: Nigeria
Nigerian fintech startup OneFi acquires payment company Amplify
Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch. The move comes as fintech has become one of Africa’s most […]
View More Nigerian fintech startup OneFi acquires payment company AmplifySeven Africa-focused startups present at Y Combinator’s Demo Day
The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe. Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship […]
View More Seven Africa-focused startups present at Y Combinator’s Demo DaySouth Africa’s FlexClub raises $1.2M, partners with Uber Mexico
FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, closed a $1.2 million seed round led by CRE Venture Capital. The company will use the financing to add team members and expand off the continent through a partnership with Uber Mexico. The move comes as Africa’s tech-transit space continues […]
View More South Africa’s FlexClub raises $1.2M, partners with Uber MexicoAfrican e-commerce startup Jumia files for IPO on NYSE
Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]
View More African e-commerce startup Jumia files for IPO on NYSENigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement
Nigerian startup Gloo.ng is dropping consumer online retail and pivoting to B2B e-procurement with Gloopro as its new name. The Lagos based venture has called it quits on e-commerce grocery services, shifting to a product that supplies large and medium corporates with everything from desks to toilet paper. Gloopro’s new platform will generate revenues on […]
View More Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurementAfrica Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion
Kenyan communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income segments. BRCK is a five year old venture that pairs its rugged WiFi routers […]
View More Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansionNigerian fintech firm TeamApt raises $5M, eyes global expansion
Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies […]
View More Nigerian fintech firm TeamApt raises $5M, eyes global expansionAfrica Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Partech is doubling the size of its African venture fund to $143 million Zimbabwe’s government faces off against its tech community over internet restrictions A high court in Zimbabwe […]
View More Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivotConnecting African software developers with top tech companies nets Andela $100 million
Andela, the company that connects Africa’s top software developers with technology companies from the U.S. and around the world, has raised $100 million in a new round of funding. The new financing from Generation Investment Management (the investment fund co-founded by former Vice President Al Gore) puts the valuation of the company at somewhere between […]
View More Connecting African software developers with top tech companies nets Andela $100 millionFlutterwave and Visa launch African consumer payment service GetBarter
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley Davidson reveals more about its push into electric vehicles Venture capital, global expansion, blockchain and drones characterize African tech in 2018 Fintech startup Flutterwave has partnered with Visa to launch […]
View More Flutterwave and Visa launch African consumer payment service GetBarterFacebook is launching political ad checks in Nigeria, Ukraine, EU and India in coming months
Facebook is launching some of its self-styled ‘election security’ initiatives into more markets in the coming months ahead of several major votes in countries around the world. In an interview with Reuters the social networking giant confirmed it’s launching checks on political adverts on its platform in Nigeria, Ukraine and the European Union, reiterating too that […]
View More Facebook is launching political ad checks in Nigeria, Ukraine, EU and India in coming months