Friday, October 22, 2021
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    Start-up

    Andela becomes a unicorn company after SoftBank $200M investments

    Andela, a fully remote company that helps tech companies build remote engineering teams (initially from Africa but now a global market), is currently valued...

    Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology

    Tage Kene-Okafor @ulonnaya The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s...

    BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion

    BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car...

    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...

    Lagos and Toronto-based 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...

    Nigerian Startups Bill: Expert advise tech entrepreneurs to build for global audience

    One of the pioneers of the Startup Bill, Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, also thinks lobbying might make for a futile effort. In...

    Nigerian anti-counterfeiting startup Chekkit raises $500k pre-seed funding

    BY TOM JACKSON Nigerian anti-counterfeiting startup Chekkit has raised a US$500,000 pre-seed funding round to help it expand its operations within the pharmaceutical and FMCG...

    Nigerian agri-tech startup Zowasel raises $100k financing from Guinness, Promasidor

    Nigerian agri-tech startup Zowasel has received US$100,000 financing from Guinness Nigeria and Promasidor Nigeria, a leading pan-African consumer packaged food manufacturer, at the UN...

    Nigeria’s Decagon raises millions to finance and train local 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...

    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...

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