| Date | Title | Description |
| 19.04.2025 | These 6 African ecommerce websites went from zero to $1 million: here’s how | Buying and selling have always been part of everyday life. In the past, trade happened in physical markets. People had to be there in person to buy or sell anything. But things have changed. You can now buy and sell from your phone or compu... |
| 17.04.2025 | How online banking has changed since the pandemic — and the banks leading the charge | When COVID-19 happened in 2020, the financial sector had no choice but to adapt and pivot to adjust to the harsh reality. With physical branches shut down or strictly guided by COVID-19 safety protocols, banks and fintechs had to embrace on... |
| 12.04.2025 | No, PaidHR is not a fintech. It’s following a global HR-tech playbook | In 2024, at the launch of PaidHR’s cross-border payroll product, Seye Bandele, the CEO and co-founder of the Nigerian HR-tech upstart, spoke to TechCabal about the company’s plans to include more fintech-adjacent products.
At the time, we a... |
| 31.03.2025 | The Life and Times of Teejay, according to people whose lives his code touched | On March 4, 2025, Adetunji ‘Teejay’ Opayele, Bumpa’s chief technical officer, was returning from a gym in Victoria Island, Lagos, when a careless driver hit him. He died in the early hours of the following day from a lack of timely medical ... |
| 23.01.2025 | Top 5 Best Crypto To Buy Now For 100x Potential As Market Prepares For Takeoff | Share
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Investors rush to find the next best crypto to buy now as the cryptocurrency market is once again on the brink of a major rally, with Bitcoin consolidating between $100,000 and $105,000. This price range signal... |
| 16.01.2025 | The Week in AgriFoodTech: Colossal Biosciences raises $200m, Chipotle invests in methane reduction | This week, Colossal Biosciences, the company trying to bring back the woolly mammoth, raised a whopping $200 million while NatureMetrics, a British startup in nature intelligence and biodiversity monitoring, closed a Series B round.
Outside... |
| 13.01.2025 | От тележки с интернетом до ИИ Legaltech: четыре цифровых стартапа из Руанды | Продолжаем рассказывать о Руанде, на этот раз — о ее инновационном и IT-секторе. Страну часто называет одним из самых быстрорастущих инновационных хабов субсахарской Африки, хотя из-за низкого старта и небольшой численности населения ей еще... |
| 08.01.2025 | Logistics startup Gokada filed for Chapter 11 bankruptcy protection in 2024 | According to regulatory filings in Delaware, Gokada, one of Nigeria’s most prominent last-mile delivery companies, filed for Chapter 11 bankruptcy protection in October 18, 2024. Chapter 11 allows an organisation to work out a plan to repay... |
| 03.12.2024 | Africa's Cybersecurity Frontier: Battling Digital Threats with Knowledge and Innovation | Africa stands at a crossroads. The continent is embracing digital transformation, but with this growth comes a dark shadow: cyber threats. As the internet becomes more accessible, cybercriminals are sharpening their tools. The stakes are hi... |
| 30.11.2024 | Aruwa Capital Digest – November | Welcome to the fifth edition of the Aruwa Capital Digest! We’re excited to share the latest developments, highlights, and insights from Aruwa Capital in the month of November.
1. Voices of Influence (Speaking Engagements)
Aruwa Capital at B... |
| 29.11.2024 | Africa: Securing Africa's Digital Future - a Conversation With a Cybersecurity Expert | With Africa's increasing digitization, there are opportunities for growth and innovation--but so are the risks. Can Africa secure its digital frontier? Dr. Abiodun Akinwale, who has over a decade of expertise in cybersecurity, shares some c... |
| 07.11.2024 | Maiaddy launches loccodes to simplify logistics in Nigeria | Maiaddy, a location intelligence start-up launched the loccode system on Monday 4th of November. This launch event on X Spaces (Formerly Twitter) was an opportunity for the company to present its solution to the world and demonstrate its us... |
| 31.10.2024 | YC-backed Bamboo expands to Canada with remittance product | Bamboo, the Y Combinator-backed investment app that allows Africans to buy and trade local and international stocks, is expanding to Canada after securing the country’s Money Service Business (MSB) licence.
The company also launched its rem... |
| 26.10.2024 | Green Innovations: The Rise of Sustainable Solutions in India and Africa | In a world grappling with environmental challenges, two companies are lighting the way. Magpet Polymers in India and BasiGo in Kenya are not just businesses; they are beacons of hope. They embody the shift towards sustainability, driven by ... |
| 23.10.2024 | BasiGo raises $41.5 million to put electric buses on the road | BasiGo, a Kenya-based electric bus startup founded in 2021, has closed a $24 million Series A equity round and an additional $17.5 million in debt funding. The round was led by Africa50, a pan-African infrastructure investor, the British In... |
| 03.10.2024 | DeepL's Bold Move: A New Era for Language AI in the U.S. | DeepL is planting its flag in the U.S. soil. The company has launched its first tech hub in New York City. This is not just a new office; it’s a strategic leap into the heart of America’s business landscape. As demand for language AI surges... |
| 02.10.2024 | Gig drivers game the system as bonuses become an essential source of income | In December 2023, ride-hailing platforms introduced bonuses for driver-partners after the removal of fuel subsidies. Those bonuses are supposed to incentivise drivers disillusioned with gig driving on the back of complaints that the model n... |
| 17.09.2024 | Bootstrapped and bold: How the team behind OyaNow is transforming the logistics sector | OyaNow is the leading provider of Convenience, Reliability, and Quality of Service to individuals and businesses across Nigeria.
On the OyaNow platform, users can order whatever they need from their favourite stores and see it delivered to ... |
| 09.09.2024 | Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit | Thepeer, the fintech that shut down in April 2024, returned $357,960 to investors in June, completing the shuttering of the startup founded in 2021. The refund suggests that an angel investor who wrote a $10,000 cheque would have received a... |
| 07.08.2024 | The Future of Payments in Nigeria: A Decentralized Revolution | Nigeria's payment landscape is on the brink of a transformation. A digital wave is sweeping across the nation, reshaping how transactions occur. The journey began decades ago, with the establishment of the Nigerian Inter-Bank Settlement Sys... |
| 06.08.2024 | Decentralization might be the next wave of innovation in Nigeria’s payment industry | Payment in Nigeria has come a long way. From the creation of the Nigerian Inter-Bank Settlement System (NIBBS) in 1993 to the introduction of NIBSS Instant Payments (NIP) in 2011, the industry has seen watershed moments that have made it wh... |
| 11.07.2024 | 👨🏿🚀TechCabal Daily – South Africa’s cybersecurity woes | In partnership with
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The One Ring is no longer just fiction, it’s now closer reality.
Yesterday, Samsung launched it’s newest wearable technology, the Samsun... |
| 08.07.2024 | Weekly economic index: MTN Nigeria’s ₦137 billion loss, Botswana’s first satellite and Nigeria to host new Africa Energy Bank. | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: MTN Nigeria Reports ₦137 Billion Loss in 2023 Despite Increased Investment
MTN Nigeria, the country’s leadi... |
| 20.05.2024 | Weekly Economic Index: Flutterwave loses ₦11 billion to security breach, the CBN approves 14 new IMTOs, and oil and gas stocks decline by 6.5% in NGX | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Fintech Giant Flutterwave Hit by Alleged ₦11 Billion Security Breach
Last week, Nigerian fintech leader Flu... |
| 30.04.2024 | Nigeria’s YC-backed Chowdeck hopes to scale food delivery, a notoriously tough market, with $2.5M funding | Food is significant to Nigerians, with households spending nearly 60% of their income on it, the highest globally, according to official reports. This strong affinity for food, coupled with the rise of online shopping, sets the stage for Ni... |
| 29.04.2024 | OPay’s valuation nears $3 billion as Nigeria’s digital payments adoption surges | The valuation of OPay, the Nigerian fintech startup backed by Sequoia Capital and Softbank, has risen by over 30% since its Series C funding round in 2021, according to recent corporate filings by Opera, an early OPay investor. The valuatio... |
| 24.04.2024 | Can Meta’s new AI feature deliver in Africa? | It’s hard to escape the conversation around AI these days. This is why earlier this year, we listed it as one of the biggest African tech trends to look out for in 2024. And explored some of the challenges, Google is trying to address with ... |
| 19.04.2024 | 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... |
| 17.04.2024 | Inside LemFi’s play to be fintech to the Global South diaspora | The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is no stranger to major drama affecting even its most promising-looking startups. But recently, LemFi, the Nigeria-based f... |
| 26.03.2024 | Inside Nigeria and Kenya’s Meta monetization | In a significant development for African creators, Meta, the parent company of Facebook and Instagram, announced plans to launch new monetization features in June 2024. This news came straight from Meta’s President of Global Affairs, Nick C... |
| 01.03.2024 | Paramount+ and MultiChoice deal is significant for several reasons | In the last few months, Multichoice, Africa’s largest pay TV operator, has made headlines for several significant developments. Late last year, the company experienced a substantial $1.7 billion drop in share price over six months. This was... |
| 25.02.2024 | Цифровая диктатура и демократия через цифровую общественную инфраструктуру и Web3. Где ваша страна сейчас? | В начале 21 века происходит стремительное развитие цифровых технологий, которые можно использовать как во благо большинства населения, так и во вред.
Согласно новому взгляду на будущее цифровой демократии1, она должна использовать децентрал... |
| 22.02.2024 | Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase | Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrictions on crypto sites, the Financial Times reported.
On Wednesday, local media reported that Nigeria’s telecom regulator,... |
| 21.02.2024 | Агротех на телефоне: Гана, или фермеры, у которых нет Интернета, но есть ИИ | Мы продолжаем серию публикаций об агротехнологиях и их развитии в других странах. В предыдущих статьях (посвященных сельхозинновациям в Бразилии, Саудовской Аравии, ОАЭ, Сингапуре) почти всегда упоминалась колоссальная поддержка государства... |
| 05.02.2024 | African startups raised $83 million in January 2024 | African startups got off to a sluggish start in 2024, raising just $83 million across 31 disclosed deals in January, according to data from Africa: The Big Deal. This marks a steep decline from the $545.1 million raised in 20 deals during t... |
| 16.01.2024 | Kenya’s $27 billion loss underscores the devastating cost of social media shutdowns in Africa | Last November, Kenya experienced an unexpected shutdown of Telegram, one of its most popular social media platforms. The outage lasted for eight days and coincided with the national exams for secondary school students. It led people to beli... |
| 28.12.2023 | CBN policies and how they affected Nigerians in 2023 | Many Nigerians would agree that 2023 was an interesting year for the Central Bank of Nigeria (CBN). It was marked by a series of challenges and controversies that affected even the most mundane activities for Nigerians. The apex bank found ... |
| 27.11.2023 | Weekly Economic Index: Nigeria’s CBN tightens policy to fight inflation, Kenya to sell 35 state-owned companies, malaria vaccine in Cameroon | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Nigeria’s Central Bank introduces inflation framework to manage rising prices
Yemi Cardoso, the Governor of... |
| 21.11.2023 | The journey to dominating the African fintech ecosystem: A conversation with Dr Markie Idowu, GMD/CEO of Xpress Payments | Africa and Nigeria specifically have a banking problem. Even though there are about 4,437 commercial bank branches in Nigeria, there is still a large population who are financially underserved. Only an estimated 45% of Nigerians have bank a... |
| 03.11.2023 | Kenya’s push for digital inclusion amid Africa’s low smartphone adoption | While many parts of the world make significant strides in digital inclusion, Africa still grapples with accessibility challenges. The digital divide, marked by access and usage disparities in digital technologies, persists across the contin... |
| 24.10.2023 | What is the future of agency banking in Nigeria? | One of the biggest news from Nigeria’s startup scene over the last week was that Kippa shut down its agency banking business and laid off 40 employees. At its core, Kippa is a bookkeeping and finance startup serving small businesses. But in... |
| 10.10.2023 | 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... |
| 09.09.2023 | Kenyan digital lender LipaLater is crowdfunding $1.2 million | Despite decreasing VC interest in growth-stage startups, 5-year-old Kenyan BNPL firm LipaLater says it is not crowdfunding $1.2 million for the money.
Kenyan BNPL company LipaLater is crowdfunding $1.2 million at a $30,000,000 valuation mon... |
| 27.08.2023 | Better.com’s public market debut was Miserable.com | Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock’s performance was worse than expected. Affirm, on the other hand, saw its shares... |
| 10.08.2023 | Moove takes in $76M equity, debt from Mubadala and BlackRock at a $550M valuation | Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $78 million in new funding. It includes $28 million in equity from new and existing investo... |
| 31.07.2023 | Tapping into BBN’s market influence could have a tremendous impact on Moniepoint’s growth | Two Sundays ago, the beloved Nigerian TV reality show, Big Brother Naija, returned to captivate viewers again. Although a fan of the show, I must admit that I haven’t consistently followed it, except during the lockdown of 2020 when we were... |
| 03.07.2023 | The leading African tech moves from June 2023
TechCabal’s 2021 Year-End report
Success! | 1. Funding: West Africa retakes lead in June 2023
In June 2023, African tech startups raised $126.2 million from 25 fully disclosed* raises.
The numbers show a 70% decrease compared to June 2022 where African startups raised $426.2 million.... |
| 23.06.2023 | Pulling the plug on fuel subsidies is sparking an overhaul of consumer habits | 27-year-old tech bro, Josiah Sinebe doesn’t mind moving back in with his parents. It’s a perk that comes with working a remote tech job. That perk has proved convenient with the current hike in fuel prices in Nigeria. “In the last few weeks... |
| 18.06.2023 | CEO Issues Cease and Desist Notice to 'Scammer Entity' Binance Nigeria Limited | John Lopez, Tech Times 18 June 2023, 08:06 am
Binance, the world's largest cryptocurrency exchange, has recently issued a cease and desist order to "Binance Nigeria Limited" following the Nigerian Securities and Exchange Commissio... |
| 08.06.2023 | Addressing fuel price concerns through EV adoption in Nigeria | During his inaugural speech, the new Nigerian president, Bola Tinubu, announced the removal of the controversial fuel subsidy. With the announcement, the cost of premium motor spirits (petrol) spiked with some filing stations selling as muc... |
| 07.06.2023 | FiberOne Broadband Exhibits at the Techpoint Lagos StartUp Expo in Lagos.
TechCabal’s 2021 Year-End report
Success! | FiberOne Broadband Exhibits at the Techpoint Lagos StartUp Expo in Lagos.
The Techpoint Lagos StartUp Expo, a highly anticipated event for the tech community in Lagos and Nigeria as a whole, recently took place with a burst of innovation an... |
| 29.05.2023 | Intron Health is bringing AI superpowers to hospitals in Africa
TechCabal’s 2021 Year-End report
Success! | In his final year as a medical student, Tobi convinced his university to create a learning management system for boring anatomy lectures. Now he is using artificial intelligence to help doctors in Africa process medical records faster.
Afri... |
| 17.05.2023 | With crypto payments helping African creators, new opportunities abound
TechCabal’s 2021 Year-End report
Success! | Cryptocurrencies have provided creators with an avenue to receive payments directly from their audience without the need for intermediaries.
A recently published report by Selar on The African Creator Economy and The Future of Work revealed... |
| 12.05.2023 | Why African fintechs are struggling with virtual dollar cards | A curious tale is unfolding in Nigeria’s fintech scene.
It all began on an eventful Friday, April 28, 2023, when Payday, a well-known startup offering virtual card services, sent out an email to its users. The message carried a mix of reass... |
| 02.05.2023 | Nomba raises $30 million pre-Series B
TechCabal’s 2021 Year-End report
Success! | Nomba, a Nigerian payment service provider, has raised a $30 million Pre-Series B funding round. The equity round—which Nomba says was oversubscribed—was led by San Francisco-based Base10 partners, with participation from Helios Digital Ven... |
| 22.04.2023 | Where does YC’s scaleback leave the African tech ecosystem?
TechCabal’s 2021 Year-End report
Success! | “I really hope that one day, YC will recognise the value of what I’m building and back my startup. That will be the game changer.” This is Ayo*, a Lagos-based founder, sharing his hopes of being selected into one of Y Combinator’s cohorts l... |
| 20.04.2023 | 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... |
| 13.04.2023 | The Funding Grind for Black Travel Startup Founders in Africa | Travel entrepreneurs know the grind when it comes to funding a startup. But the ability to get financial backing and support is said to compound when you are a founder bringing unconventional solutions for emerging markets, predominantly Bl... |
| 06.04.2023 | Why are startup acts becoming more popular in Africa? | Whether or not you believe in the theory of evolution, you can’t deny that some of its concepts are fascinating. One example is convergent evolution— the process by which different species in different parts of the world evolve similar trai... |
| 17.03.2023 | There just might be a silver lining amidst the massive layoffs | ‘Meta to lay off 10,000 more workers after initial cuts in November; Chipper Cash executes second round of layoffs less than three months after axing 12.5% of staff; Bolt laid off 17 of its 70 workers in Nigeria to restructure its operation... |
| 09.03.2023 | Did Flutterwave lose $2.9 billion to hackers? | Flutterwave has registered itself as one of Africa’s most prominent fintech unicorns and an African tech poster child. But over the last year, it has had to sail through stormy waves of worrisome controversies. And just when we thought the ... |
| 05.03.2023 | Alleged security breach leaves millions of dollars missing from Flutterwave accounts | Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in more than ₦2.9 billion (~$4.2 million) missing from its accounts, according to local tech publication Techpoint Africa.
Accordin... |
| 01.03.2023 | Africa: Starlink - SpaceX's New Internet Service Could Be a Gamechanger in Africa | It's hard for many of us to imagine a world without instant, limitless internet access. Some have even argued that it should, alongside access to clean water and electricity, be considered a basic human right.
But in fact only 64.4% of the ... |
| 01.03.2023 | Starlink: The internet service could be a gamechanger in Africa | Image via Twitter
It’s hard for many of us to imagine a world without instant, limitless internet access. Some have even argued that it should, alongside access to clean water and electricity, be considered a basic human right.
This could b... |
| 28.02.2023 | 5 ongoing Lithium projects in Africa | When we invest in infrastructure projects that address climate change we bend the arc of history towards shared prosperity – DBSA.
Africa is home to some of the world’s largest lithium reserves and notably, Zimbabwe, Namibia, Ghana, the Dem... |
| 13.02.2023 | Digital health news, funding round up in the prior week; February 13, 2023 | ShiftMed raised $200M; CVS Health bought Oak Street Health; Blue Shield of California added Virta
Top Health News
VideaHealth, a dental artificial intelligence platform, announced the U.S. Food and Drug Administration (FDA) issued 510(k) cl... |
| 30.01.2023 | Could Jumia’s staggering liquidity position be the company’s latest predicament?
TechCabal’s 2021 Year-End report
Success! | Most people know the story of the continent’s first unicorn, Jumia, the record-setting company that showed the world that ecommerce could thrive in Africa, and sealed the statement by pioneering an IPO listing on the New York Stock Exchange... |
| 28.01.2023 | RiceAfrika founder Ibrahim Maigari poses agri mechanization as a productivity and gender empowerment tool in Africa | ‘Building an Africa that feeds itself’ is what RiceAfrika says it’s out to accomplish. Ibrahim Maigari its founder and CEO believes that if we’re serious about building an Africa that feeds itself, we have to invest in mechanization.
Maigar... |
| 17.01.2023 | How MIT’s Senseable Lagos Lab will drive innovation to the African tech industry | The African tech ecosystem has seen tremendous growth in recent years and provides a landscape for future investors to reap great benefits. This rise in technological development is fuelled by the continent’s young, and digitally-literate p... |
| 21.12.2022 | How MIT’s Senseable Lagos Lab will drive innovation to the African tech industry | The African tech ecosystem has seen tremendous growth in recent years and provides a landscape for future investors to reap great benefits. This rise in technological development is fuelled by the continent’s young, and digitally-literate p... |
| 15.12.2022 | The week in agrifoodtech: NotCo scores $70m, HealthKart’s mega-round, new funding for Winter Farm | Another week, another funding round for Chilean foodtech startup NotCo. But it wasn’t the only company to land funding during this downturn. Nutrition platform HealthKart secured a mega-round, while indoor farming and restaurant tech both s... |
| 12.12.2022 | 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 furniture stores may lack the quality that cli... |
| 09.12.2022 | Acumen: Over two decades of changing the way Africa and the world tackle poverty
TechCabal’s 2021 Year-End report
Success! | Twenty-one years ago, the idea befuddled donors and people in the nonprofit sector.
Jacqueline Novogratz, a former banker at Chase Manhattan and manager of special projects at the Rockefeller Foundation proposed a venture, Acumen, that look... |
| 19.11.2022 | Healthlane was meant to make hospitals obsolete. Now the startup is battling to stay in business
TechCabal’s 2021 Year-End report
Success! | Alain Nteff wanted to make hospitals obsolete through his startup Healthlane, but his unbridled spending and erratic decisions have led to the company’s end. TechCabal spoke with over 10 past employees and obtained documents that revealed t... |
| 10.10.2022 | Nigerian data and intelligence company Stears raises $3.3M, backed by Mac VC and Serena Ventures | While studying at the London School of Economics and the University of Oxford, a group of graduates noticed how difficult it was to get data and information on Africa’s largest economy and their home country, Nigeria. Each had different yet... |
| 21.09.2022 | Data snapshot: 90% of African agrifoodtech investment went to Nigeria, Egypt and Kenya | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new r... |
| 21.09.2022 | Who will win the race for 5G dominance in South Africa? | In March, the Independent Communications Authority of South Africa (ICASA) held the long-awaited broadband spectrum auction, which saw six network providers—Rain, Vodacom, MTN, Telkom, Liquid Telcoms and Cell C—bid for frequency spectrum in... |
| 14.09.2022 | Will 5G work in Nigeria? | Last month, there was a lot of celebration (especially within the tech community) around the arrival of 5G in Nigeria, courtesy of MTN. The announcement implied that Nigeria is now on track to launch the 5G network commercially, joining oth... |
| 02.09.2022 | How African talents and employers are finding a rhythm amidst global trends | Work, as we know it, is changing. When the COVID pandemic hit the world in 2020, most people thought, “oh, another challenge for the world’s healthcare systems.” But beyond healthcare, the world of work has experienced a paradigm shift than... |
| 19.08.2022 | Bolt’s shaky presence in Tanzania and its effect on Africa’s ride-hailing ecosystem | Bolt, the famous ride-hailing company, has been forced to change its business model following a regulatory policy from the Tanzanian government. The regulatory feud, which started earlier in March, is premised on Tanzania’s Land Transport R... |
| 16.08.2022 | Identitypass is helping African businesses with digital identity verification. | The African digital economy is currently experiencing exponential growth. It is easy to hinge this technological development on a teeming tech-savvy generation going all out to acquire digital skills and embrace emerging opportunities in th... |
| 02.08.2022 | Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa | This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks and fraud issues. Both unlinked events re-emphasize the importance of know your customer (KYC) and anti-money laundering ... |
| 25.07.2022 | Nigeria’s Kwik launches e-commerce solution for African businesses | Kwik, a Nigerian startup known for its on-demand B2B logistics service, has entered the growing e-commerce market in Africa with the launch of KwikStore, a free online storefront for African businesses to set up shops in. This move follows ... |
| 12.07.2022 | 👨🏿🚀 TechCabal Daily –Half of Safaricom’s profit from M-Pesa | 12 JULY, 2022
IN PARTNERSHIP WITH
Happy Holidays 🎊
In Nigeria, what do fuel and data have in common? They are both scarce. The scarcity of compensation data makes it challenging for startup founders to hire and retain talent and for tech wo... |
| 05.07.2022 | The leading African tech moves from June 2022 | We’re halfway through the year, and quite a number of exciting things have happened in Africa’s tech ecosystem.
From MTN’s $53.4 mobile money fraud lawsuit and Kune’s shutdown in Kenya, to big acquisitions across North Africa, here are the ... |
| 27.06.2022 | TLcom Capital appoints Eloho Omame as partner to back more pre-seed and female-led startups | Africa-focused venture capital firm TLcom Capital has appointed Eloho Omame as a partner six months after announcing the first close of TIDE Africa Fund II, its $150 million second fund (it expects to reach a second close later this year, a... |
| 22.06.2022 | Thepeer, an API-based startup that connects African businesses, raises $2.1M, led by Raba Partnership | Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,000 in pre-seed from a handful of angel in... |
| 11.05.2022 | Identitypass, an identity verification API for Africa, raises $2.8M seed funding | Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially fintechs and e-commerce, which try to provide ... |
| 29.03.2022 | A look at all 35 international fintech startups at YC’s winter 2022 Demo Day | As more banking, e-commerce and insurance startups work to improve the way business is done in emerging countries, it should come as no surprise that this winter’s Y Combinator batch is rife with related efforts. There are 35 companies this... |
| 29.03.2022 | Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa | The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report.
BNPL’s growth is further highlighted as GMV is predicted t... |
| 21.03.2022 | How Xend Finance’s DeFi innovations are disrupting the global financial space | Decentralised finance (DeFi) is booming today and has become one of the hottest topics in tech and finance. Aside from enriching many participants, DeFi poses heavy competition to traditional banking. Since it became popular in 2020, many n... |
| 08.03.2022 | Xend Finance in one year: The story of the first global blockchain bank out of Africa | --> -->
Groundbreaking technology like the launch of the industry’s first high yield aggregator, offering the best interest rates by scanning multiple blockchains, and the Xend Finance Hackathon, featuring keynote speeches and panels ... |
| 16.02.2022 | This programmer and former refugee combined his love of beats and tech into an African music streaming startup | For much of Leonard Novati’s early upbringing, life was confined inside the walls of a refugee camp.
Like many Burundi families between the 1970s and ’90s torn by civil war, Novati’s parents were forced to flee their home country. They cros... |
| 04.02.2022 | 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... |
| 24.01.2022 | TechCabal Daily – Three, two, one | 24 JANUARY, 2022
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Both TikTok and Instagram are trying out paid-subscription features in the US.
With it, creators will be able to charge followers monthly fees for their exclusive content.
On Instagram, th... |
| 19.01.2022 | Blockchain in emerging economies is one of the world’s most exciting markets | Welcome to my first column – ‘Blockchanging the The World Bit by Bit’! |
| 12.01.2022 | Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa | Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with the Middle East is expected to grow to $31.... |
| 11.01.2022 | Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M pre-Series A | A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. Much of this spending falls under the importation of products, primarily influenced by ... |
| 10.01.2022 | Nigeria’s ThankUCash secures $5.3M to build infrastructure for cashback, deals and BNPL services | Loyalty, deals and rewards services are a rarity in most African markets. The unit economics and other factors such as currency instability make such businesses hard to pull off in the region.
Yet, ThankUCash, a platform launched in 2018 by... |
| 24.12.2021 | Nigeria’s lastest loan to fund startups is a product of VP Osibajo Silicon Valley visit | Three years ago, during a roadshow that lasted three days, Nigeria’s Vice President, Professor Yemi Osibajo visited San Francisco’s Silicon Valley to meet with the executives of top tech companies, in order to attract investments to Nigeria... |
