Nigeria

Offering a white-labeled lending service in emerging markets, Mines raises $13 million

Emerging markets credit startup Mines.io has closed a $13 million Series A round led by The Rise Fund, the global impact fund formed by private equity giant TPG, and 10 others, including Velocity Capi

MallforAfrica goes global, Kobo360 and Sokowatch raise VC, France explains its $76M fund

B2B e-commerce company Sokowatch closed a $2 million seed investment led by 4DX Ventures. Others to join the round were Village Global, Lynett Capital, Golden Palm Investments and Outlierz  Ventu

Sokowatch closes $2 million seed round to modernize Africa’s B2B retail

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi

CowryWise micro-savings service opens high-yield government bonds to everyday Nigerians

In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instanc

MallforAfrica and DHL launch MarketPlace Africa global e-commerce site

MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans to se

Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million

When Nigerian logistics startup Kobo360 interviewed for Y Combinator’s 2018 cohort, a question stood out to founder Obi Ozor. “What’s holding you back from becoming a unicorn?," they asked. "M

TechCrunch’s Startup Battlefield is coming soon to Beirut, São Paulo and Lagos

Everyone knows there are thriving startup communities outside of obvious hubs like San Francisco, Berlin, Bangalore and Beijing, but they don’t always get the support they deserve. Last year, Te

Africa Roundup: African startup investments turn to fintech this winter season

Forty-seven and a half million dollars is a big commitment to African technology companies -- even with the recent uptick in VC investment on the continent.

Nigeria’s Piggybank.ng raises $1.1M, announces group investment product

Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a new product -- Smart Target, which offers a more secu

African VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon Group

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi

EdTech is having a renaissance, powered by the emerging world

So-called ‘EdTech’ has seen many false dawns over the years. After being lauded as the teaching platforms of the future, most MOOCs (Massive Open Online Course platforms) have not quite li

Africa Roundup: Uber says it’s staying, Konga could be epic startup fail

Despite exit rumors and quitting Morocco, Uber is staying in Africa, according to its General Manager for Sub-Saharan Africa, Alon Lits. Speculation Uber could leave the continent surfaced late last

A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships an

Africa’s SureRemit joins the tokenized race to win the global remittance market

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi

Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi

Will Interswitch still be the company that brings Sub-Saharan Africa its big tech windfall?

Nearly two years later, neither Interswitch nor any other VC backed African tech company that began in startup phase gone public. What happened?

Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi

B2B platform Releaf helps African businesses by taking the guesswork out of networking

Releaf is a new B2B marketplace that wants to help African businesses prosper by helping them find partners they can trust. The startup, which is currently taking part in Y Combinator, has signed up a

Alphabet expands in Africa

Google is expanding its Africa initiatives, on the back of CEO Sundar Pichai’s recent trip to Nigeria. While visiting Lagos, he announced the global internet services company’s plans to train 10 m

Nigeria’s Cars45 closes $5M round to digitize Africa’s used autos markets

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 African tech leaders Fope Adelowo, Ken Njoroge, Tayo Ovi
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