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| Apr 19, 2024 | Innovative Early-Stage Startups to Win $10,000 Cash Prize & Japan Trip at Pitch2Win 4 | Lagos, Nigeria – 10 am GMT+1, 19th April 2024 – Nigeria’s tech scene is brimming with potential, but early-stage startups often face hurdles in securing funding and gaining recognition. Last year, after a very rigorous selection process, 15... |
| Jan 15, 2024 | Fez Delivery launches state-of-the-art automated safe lockers | Fez safe lockers
On Wednesday the 10th of January, Fez Delivery hosted the ribbon-cutting ceremony of its automated safe lockers for last-mile delivery at the Ardova Plc filling station on Admiralty Way in Lagos. With 90.9 million e-commerc... |
| Jan 5, 2024 | ZeroComplex AI secures major funding boost for its AI workflow solutions | Emerging AI player, ZeroComplex AI has secured substantial pre-seed funding from a group of notable investors. This funding will go towards furthering its goal of helping organisations integrate AI seamlessly into their digital infrastructu... |
| Jan 4, 2024 | The biggest African tech trends to look out for in 2024 | In 2023, standards became higher than ever for global tech. Customers want to be able to buy something in two clicks but still need in-person customer service. Workers want to work digitally, ideally from a beach somewhere, while maintainin... |
| Jan 3, 2024 | Funding reaches two-year decline as African startups raise $3.2 billion in 2023 | In 2023, African startups secured $3.191 million in funding. This marks a sharp decline compared to the previous years.
Per our friends at Africa: The Big Deal, a curated funding database, African startups raised $3.4 billion in 2023. At Te... |
| Jan 2, 2024 | Five trends to watch out for in African tech in 2024 | With 2023 now behind us, we look back on a year marked by strong economic headwinds and market upheavals. A cursory look at funding numbers shows that 2023 was a mixed bag. Venture capital (VC) funding fell by 41.7%, quarter-on-quarter, goi... |
| Oct 10, 2023 | TechCabal is thrilled to partner with leading media outlets for the Moonshot event | TechCabal is thrilled to announce an exciting partnership with a dynamic group of media partners for Moonshot. This partnership promises to bring unparalleled coverage and insights to one of the most anticipated technology gatherings of the... |
| Aug 26, 2023 | Khalil Halilu’s ShapShap is working to improve last-mile delivery in Nigeria | Khalil Halilu is the founder of ShapShap, a logistics company looking to expand into other parts of the country and continent.
In October 2022, ShapShap, an Abuja-based logistics company, won the Supernova Challenge Pitch competition at the... |
| Aug 10, 2023 | Veteran investor Olumide Soyombo announces ‘Vantage,’ a memoir of his business journey | Olumide Soyombo, the co-founder of Bluechip Technologies and founder of Voltron Capital, is releasing his business memoir, “Vantage,” this week. It follows his evolution from teenage tech exploration to entrepreneurship and investing.
In Fe... |
| Aug 2, 2023 | The leading African tech moves from July 2023 | 1. Funding: H2 is off to a slow start
In July 2023, 23 African tech startups raised $132.2 million from 25 fully disclosed* raises. Compared to July 2022’s $239.7 million total raise, this represents a 44% YoY decrease.
It is, however, a sl... |
| Jul 27, 2023 | Trendx Partners with the Nollywood Factory to Offer Africa’s First IPR Tokens.
TechCabal’s 2021 Year-End report
Success! | Trendx, a Nigerian blockchain startup that tokenises real-life assets, has signed a deal with The Nollywood Factory, a leading filmmaking company in Africa, to tokenise the intellectual property rights of a new movie project. Tokenisation i... |
| Jul 20, 2023 | Nigeria: How Nigeria's $428 Million ICT Project Is Addressing Rural Financial Inclusion | In rural communities across Nigeria, the Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project drives financial inclusion due to increased broadband penetration but continued inter-bank transfer ... |
| Jun 4, 2023 | Обзор технологических стартапов в образовании за последнюю неделю | Соучредители Red 6: Дэниел Робинсон, Гленн Снайдер, Ник Биканик, Адам Амарал
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Что стало известно об инвестировании в стартапы EdTech за прошедшую неделю
В порядке возрастания раскрытых привлеченных инвестиций.
Acade... |
| May 28, 2023 | Обзор технологических стартапов в образовании за последнюю неделю | Соучредители Adventus: Райан Трейнор, Виктор Радживан, Ричард Урен и Линкольн Трейнор
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Что стало известно об инвестировании в стартапы EdTech за прошедшую неделю
В порядке возрастания раскрытых привлеченных инвестиц... |
| May 24, 2023 | EBANX: We will be operating in 11 African countries by the end of the year | For all the talk about emerging markets and their similarities, moves involving African startups expanding to Latin America are rare. Only two significant activities come to mind recently: Migo’s expansion to Brazil and Paga’s planned move ... |
| May 15, 2023 | What is the next frontier in the evolution of tech media in Africa?
TechCabal’s 2021 Year-End report
Success! | When TechCabal launched ten years ago, mostly covering startup activity in Yaba, Lagos, it was more of a passion blog than the pan-African publication it is today.
According to Tomiwa Aladekomo, CEO of Big Cabal Media, publisher of TechCaba... |
| May 2, 2023 | The leading African tech moves from April 2023
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
A brutally sluggish month for African startups, the continent squares up to Big Tech and layoffs continue to be a drag—April could not end sooner for some in the tech ecosystem.
It wasn’t all grey clouds though; Kenya saw some... |
| Apr 20, 2023 | Funding trackers are aplenty in the Africa tech ecosystem, but whose data can be trusted?
TechCabal’s 2021 Year-End report
Success! | Since the initial boom of venture capital funding in Africa in the mid 2010s, ecosystem observers have relied on publications like TechCabal, as well as numerous newsletters published by independent journalists to keep them up to date about... |
| Apr 13, 2023 | Nigerian crypto startup, Lazerpay shuts down
TechCabal’s 2021 Year-End report
Success! | Lazerpay, a web3 and crypto payment company, is shutting down. The shutdown comes months after the startup’s founder, Njoku Emmanuel, shared that the company was having trouble raising money. According to a statement shared by the founder N... |
| Apr 5, 2023 | FCCPC approves 173 loan apps in Nigeria, continues suppression of illegal players
TechCabal’s 2021 Year-End report
Success! | The Federal Competition and Consumer Protection Commission (FCCPC) has authorised 173 digital lenders to operate in Nigeria, an increase from the 106 players that the commission announced earlier in January. The complete list includes 119 l... |
| Nov 11, 2022 | Coursera and NITDA partner to tackle youth unemployment
TechCabal’s 2021 Year-End report
Success! | Nigeria is a country with a lot of potential. According to a survey that considered the quantity and quality of startups as well as several economic and business indicators at the national level, the country ranked second, with South Africa... |
| Oct 20, 2022 | Bumpa raises $4 million in seed funding to help underserved SMEs grow and manage their business | Emerging e-commerce startup: Bumpa has announced a $4 million raise in its just-completed seed funding round. This round was led by Base10 Partners with participation from Plug & Play Ventures commerce fund, SHL Capital, Jedar Capital, ... |
| Oct 4, 2022 | Spleet secures $2.6M seed to scale its residential rent-focused products in Africa | The urban population of Nigeria constituted 48% of the country’s population, according to the United Nations. This indicates that 73.92 million Nigerians out of the estimated total population of 154 million people live in urban centres. |
| Aug 16, 2022 | Meet the Paystack Mafia: a group of emerging Nigerian founders | Africa’s tech ecosystem is speedily moving from nascent to growth stage and is currently minting the next generation of founders that will solve some of the continent’s biggest problems. African founders who relied on external funding to st... |
| Jul 21, 2022 | Spotlighting the African startups in Y Combinator’s Summer 2022 batch | Spotlighting the African startups in Y Combinator’s Summer 2022 batch
Out of 146 applications from around the globe, 5 African startups have been accepted into Y Combinator’s Summer 2022 (YC S22) batch. The accelerator behemoth listed 4 sta... |
| Jul 18, 2022 | African fintechs halt virtual dollar cards after Union54 chargeback fraud surge | Last Friday, Barter, the consumer app of Africa’s most valued startup Flutterwave, told customers via email that they would not be able to access its virtual dollar card service from July 17. Hence, customers would be unable to create new v... |
| May 19, 2022 | What does Eden Life’s expansion to Kenya mean for Africa’s gig economy? | When Eden Life, a Nigerian home concierge startup, announced its expansion into Kenya last week, many questioned the move, curious as to why the company didn’t expand into another Nigerian state before going international.
But Eden Life, wh... |
| Mar 30, 2022 | FCMB SheVentures is helping women tech founders break the bias in Nigeria | One of the critical issues limiting the growth of female-led/female-founded startups in Africa is funding. Despite the boom in venture capital funding in Africa’s startup ecosystem towards the end of the previous decade, the lack of funding... |
| Mar 2, 2022 | How logistics startup, Flashbike is using the Fiverr model to provide instant pick-up services | Share this article:
Almost everyone you know probably has a delivery hiccup story. Whether it is the dispatch rider refusing to pick up your calls or never arriving with your parcel or the dispatch company reacting very rudely when you call... |
| Feb 24, 2022 | eCommerce, acquisitions and Green Lions | Share this article:
In recent months, about 150,000 Russian troops have been deployed to Ukraine’s borders. According to the BBC, Ukraine’s move towards European institutions is the basis of Russia’s problems with Ukraine. Russia’s presiden... |
| Feb 22, 2022 | From celebrated platforms to fraud claims: Why Nigeria’s agric crowdfunding fintechs came crashing down | “It was all going fine until days before my scheduled payout,” says Biodun*, who in May 2020 and through reQuid had invested ₦250,000 in a joint venture for rice production in Kebbi and Sokoto states, Nigeria. The promise was to get a 28% r... |
| Feb 4, 2022 | 13 African tech startups to watch out for in 2022 | 2021 was a watershed year for both VC firms and startups in Africa’s tech ecosystem. As businesses re-opened and people went back to living their lives, they continued with habits they picked up during lockdowns. Owing to this consumer tren... |
| Jan 24, 2022 | Techpoint Build 2021 was 🔥🔥🔥 | Share this article:
Hi there,
This Saturday was Techpoint Build 2021, and it was the thing!!!!! From the Speaker line-up, which in our Chief Servant, Múyìwá Mátùlúkò words, was “mad!!!” to the different sessions on the next frontier in heal... |
| Dec 31, 2021 | 21 things that happened for the first time in 2021 in the African tech scene | 2021 has been a noteworthy year that has seen the African tech sector bounce back from the difficulties it faced in 2020. Here’s a list of 21 things that happened for the first time in the African tech scene this year.
African artists raked... |
| Dec 6, 2021 | #Tech4Disabled, January 2022 and 5G in Nigeria, Flex Finance’s pre-seed | Share this article:
Hi there,
Today I’m discussing:
A tech-inclusive world for Africa’s disabled persons
Nigeria and its 5G launch progress?
Flex Finance’s pre-seed Tech Tools for the disabled
People photo created by mego-studio – www.freep... |
| Nov 22, 2021 | Nigerian fintech Abeg faces its biggest test yet after blitzscaling to millions of users | On October 3, “Big Brother Naija,” a reality show sponsored by Nigerian social payments company Abeg, came to a rapturous close after 72 days on air.
The show, which commenced on July 24, is the most popular and most-watched reality show in... |
| Oct 28, 2021 | Stitch gets a $2M seed extension, hires Benjamin Dada to lead Nigerian expansion | Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago.
Today, Stitch formally announced the expansion into Nigeria and... |
| Aug 30, 2021 | Africa’s missing people, ear1’s pre-seed round, More on the eNaira | Share this article:
Good day,
Today I’m discussing:
Africa’s 44,000 missing people
ear1’s $520k pre-seed raise
CBN’s latest update on the eNaira Observing the International Day of the Disappeared
Africa reportedly has 44,000 missing people.... |
| Aug 12, 2021 | 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 startup.
In retrospect, founders in Nigeria do tremendo... |
| Aug 31, 2020 | I’m Tech Journalist Daniel Iyanda, This is How I Work | Share this article:
Daniel Iyanda is a rising technology writer. He has written on everything from trends in the fintech and logistics spaces to profiles on leading startup founders for Benjamin Dada blog and Financial Nigeria.
On this edit... |
| Aug 25, 2020 | Investigating WeJapa’s founder and his flawed talent matching product | Favour Ori, the Nigerian founder of WeJapa, was accused last weekend of manipulating software developers whom his startup was supposed to connect to jobs.
Claims against Ori allege that he often underpaid or did not pay for work, undermined... |
| Aug 2, 2020 | How To Start A VC: Interview With Maya Horgan Famodu, Founder, Ingressive Capital | “I have an obligation to use my access to empower the next generation of |
| Jul 16, 2020 | The Big 5 Daily: 15th July 2020 | Hello Techies,
The first gist in today’s edition of the Big 5 daily is weighty and holds questions in the heart of techies.
In what looks like a homicide, butchered body parts of Fahim Saleh, the CEO of Gokada – a Nigeria-based ride-hailing... |
| Jun 29, 2020 | How I Work From Home: Benjamin Dada, the business and media whizz-kid | Share this article:
As a business manager at Softcom, Benjamin Dada spends most of his day overseeing product development, marketing, and client engagement of a business unit. During his free time, he’s also building his budding tech blog, ... |
| Dec 2, 2019 | SafeBoda eyes January launch in Nigeria, away from the riotous Lagos | Ugandan motorcycle-hailing company SafeBoda will commence operations in January 2020 in Nigeria, months after speculation trailed its initial proposed launch in May, a company official told TechCabal. Founded in 2015, SafeBoda’s proposed la... |
| Feb 25, 2019 | How it all went down: a timeline of the HotelOga, Marek Zmyslowski saga | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
Nigerian investors have accused ... |
| Feb 25, 2019 | Did Polish tech entrepreneur Marek Zmyslowski defraud Nigerian investors? | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
Did Polish entrepreneur and form... |
| Feb 25, 2019 | Did Polish tech entrepreneur Marek Zmyslowski defraud Nigerian investors? | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
Did Polish entrepreneur and for... |
| Feb 25, 2019 | How it all went down: a timeline of the HotelOga, Marek Zmyslowski saga | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
Nigerian investors have accused... |
| Feb 20, 2019 | New evidence suggests Nigerian investors might have no strong legal case against Marek Zmyslowski | Share this article:
There have been public spats from opposing sides since Marek Zmyslowski’s controversial post about his detainment by Interpol, following accusations of financial fraud by his Nigerian investors, became public. This is un... |
| Feb 18, 2019 | It’s a lie, says investor over Polish man’s Nigerian ‘Godfather’ blackmail claims [Updated] | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
A Polish entrepreneur who claim... |
| Feb 18, 2019 | It’s a lie, says investor over Polish man’s Nigerian ‘Godfather’ blackmail claims [Updated] | UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in January 2018 ordering his extradition to Nigeria (see this story) — Ed
A Polish entrepreneur who claims... |
| The Big 5 Daily: 15th July 2020 | Hello Techies,
The first gist in today’s edition of the Big 5 daily is weighty and holds questions in the heart of techies.
In what looks like a homicide, butchered body parts of Fahim Saleh, the CEO of Gokada – a Nigeria-based ride-hailing... |
| 👨🏿🚀TechCabal Daily -Airtel Uganda eyes $215 million in unicorn IPO | In partnership with
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