Nigeria
Cold-chain startup Figorr raises $1.5M, backs the rollout of data-driven perishables insurance
Oghenetega Iortim built Nigerian-based cold-chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from hi
African payment service provider Nomba raises $30M, backed by Base10 Partners and Shopify
Nigerian payment service provider Nomba has raised $30 million in a pre-Series B investment to support the delivery of bespoke payment solutions for African businesses. The round, which values the com
Techstars-backed Fez Delivery gets funding to scale its last-mile logistics platform
Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ve
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Co-Creation Hub’s edtech accelerator puts $15M towards African startups
Africa’s largest innovation hub Co-Creation Hub (CcHUB) is launching a $15 million accelerator program, dubbed The Edtech Fellowship Program, to back and support 72 startups across Nigeria and Kenya
Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa
As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. A
More job cuts loom as Sendy changes course in Nigeria
In October last year, Sendy, a Kenyan logistics scale-up, wound up its supplies service, which enabled retailers to purchase FMCGs directly from manufacturers, saying it was directing all its focus on
SunFi aims to be the fastest way for Nigerians to find, finance and manage solar
SunFi, the Nigerian clean tech startup that connects people and businesses who want solar energy access to payment plans that match their needs, has raised $2.325 million in seed funding. The self-des
Nigerian agritech Releaf gets more capital as it launches new tech for food processing
Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacturers and their food factories, has received $3.3 million in an oversubscribed pre-
Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like Ikea. But both options have pros and cons; for the latter, local furnit
Orda raises millions to digitize African restaurants with its cloud-based operating system
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the
Kuda takes digital banking play to the UK with its remittance product
Kuda, the London-based and Nigerian-operating startup taking on incumbents in the country with a mobile-first and personalized set of banking services, is expanding to the U.K. by offering a remittanc
Nigerian proptech SmallSmall raises $3M to provide flexible living solutions for customers
Inefficiencies have marred Nigeria’s rental system for years, thus affecting how landlords and renters transact. Most landlords collect rent one to two years upfront, while renters struggle to find
Lifestores Healthcare raises $3M to expand its pharmaceutical marketplace across Nigeria
Africa’s $45 billion pharmaceuticals market is expected to grow 10% CAGR to $100 billion by 2030. Yet, the sector struggles with highly fragmented and undercapitalized supply chains rife with fake m
Treepz founder Onyeka Akumah on how to succeed in transportation tech
We caught up with Treepz co-founder and CEO Onyeka Akumah, whom we first interviewed a year ago, to check in on the African startup's progress.
Nigeria’s YC-backed Remedial Health raises $4.4M seed funding
Early this year, Nigerian health tech startup Remedial Health announced plans to scale within the West African country, digitizing pharmacies and bringing efficiency in the pharmaceutical supply chain
Nigerian financial management app for merchants Kippa bags $8.4M in new funding
Kippa, the Nigerian startup improving the lifecycle of small businesses across the country with its financial management and payments platform, has raised $8.4 million in an oversubscribed seed round.
Odyssey Energy Solutions continues quest to electrify developing economies with $5.3M seed
The startup's platform enables the planning, financing, building and operating of distributed renewable energy projects in developing economies.
NowNow raises $13M seed, plans to scale its ecosystem of financial products across Africa
In 2011, the Nigerian government launched a financial inclusion initiative and set a target to include 80% of the country’s adult population. Although only a target of 64% was met by the end of
Nigeria’s Grey raises $2M for cross-border payments play and regional expansion
The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. In the latest development, Grey, a fint