Nigeria

Nigerian businesses can now accept Apple Pay on Paystack

Paystack, the African fintech company that powers and processes payments for businesses, today announced that it is launching Pay with Apple Pay on its platform. The company, in a statement, called th

Nigerian fintech HerVest wants to bring financial inclusion to more African women

After years of working in marketing for a number of financial services companies, Solape Akinpelu came to a conclusion: There was an “alarmingly low adoption” by women for financial services in he

Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

China’s first data privacy laws go into effect on November 1, 2021. Will your company be in compliance? Modeled after the EU’s GDPR, the new regulations “[introduce] perhaps the most stringe

Plentywaka founder Onyeka Akumah on African startups and global expansion

Plentywaka, a combination of English and Nigerian that means “plenty movement," has big plans to ameliorate the public transport infrastructure in Africa and beyond. 

Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services

In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist

African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The round, whic

Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus

Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 million seed round to scale its operations on the back of leaving the Techstars Toronto accelerator program last month.  Canadian

Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online

The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the moment. Today’s news is f

A leaked bill for Nigerian startups reveals a theme of licenses, fees, fines and sentences

For a while, there have been talks about revamping the outdated 2007 Act of Nigeria’s information and technology body, the National Information Technology Development Agency (NITDA). The bill, w

WhatsApp and other social media platforms restricted in Zambia amidst ongoing elections

Several users from Zambia have taken to Twitter informing the general public that WhatsApp has been restricted in the country amidst ongoing general elections today. The president and parliamentary el

How Adia Sowho helped steer Thrive Agric through the pandemic crisis

Nigeria’s less than two-decade-old ecosystem is evolving fast. But behind the funding and legitimate hype, there’s without a doubt plenty of learning that needs to be done in running a sta

Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain

Despite the prevalence of shopping malls and the emergence of VC-backed e-commerce companies like Jumia, informal retail in Africa is still king. A 2016 study by PwC states that 90% of sales in Africa

Moove raises $23M to create flexible options for drivers to own cars in Africa

Africa is home to more than a billion people, where a majority have limited or no access to vehicle financing. In fact, the continent has the lowest per capita vehicle ownership in the world. In 2019,

Nigeria’s Decagon raises millions to finance and train software engineers

This past decade, Nigeria has seen several companies cater to the development and growth of software engineers and tech talent in general. It’s a space many in the Nigerian ecosystem like to thi

Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

In Africa, chartering vessels and processing ocean freight can be challenging. The sector is largely inefficient and fragmented. Merchants also struggle to access finance to perform cross-border trade

Field Intelligence targets 11 African cities to expand its pharmacy inventory-management service

The company's Shelf Life project aims to remedy the inventory-management issues in Africa's retail pharmacies.

What we learned from selling a blockchain service to African governments

Africa is a smaller addressable market. If you’re looking to pitch a product or service to governments, it’s helpful to keep in mind that your first customer might be from a smaller country.

Equity Monday: Zoom buys Five9 as Robinhood sets IPO price range

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest pri

Nigerian investment platform Chaka secures $1.5M pre-seed after bagging country’s first SEC license

When Robinhood raised its $3 million seed round in 2013, it was a couple of months old, with huge ambitions of democratizing securities access to the underserved and unserved. Robinhood has since take

Nigeria leads mobile app market growth in Africa as use of gaming apps surge 44% from Q1 2020

The pandemic’s effect on the global app market has not been hard to miss. In the first quarter and first half of this year, consumer spending in mobile apps hit new records at $32 billion and $6
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