6 Rwandan Startups Selected To Receive Google Funding The funding initiative for tech startups in Africa founded by Google has selected Six Rwandan startups qualifying to receive One hundred million Rwandan francs an equivalent of One hundred thousand US dollars ($100,000). On the 6th of September 2022, it was announced that Sixty African startups have been qualified
Kenya's Tala Gets Data Controller Approval Kenya-based Fintech, Tala, has gained permission from Kenya’s Office of Data Protection Commissioner (ODPC) Tala can now perform duties as a data controller in the East African Nation. With this approval, the lending platform will be able to regulate the processing of confidential data, determine the objective of processing
Business Waya Digital Bank Launches Cross Boarder Money Transfer Services. Kenyan fintech startup, Waya, has launched its latest service. The US-based startup made it known that it now offers cross borders transactions which are targeted at serving African immigrants. Now, through the Waya App, users can digitally create their own bank accounts, make money transfers to other Waya account holders
Zipline Logistics Commences Commercial Delivery Packages In Kaduna Nigeria Zipline, the acclaimed operator of the world’s most extensive automated delivery system, has begun operations in Nigeria as it now delivers medical commodities in Kaduna state. Using aerial vehicles also known as drones, the instant logistics company dispatches medical items to health institutions and facilities within the state of
classera Classera Partners With TD Africa To Extend Virtual Learning Adoption across Nigeria One of Nigeria’s leading edtech startups, Classera, has gone into partnership with the foremost tech distributor in Sub-Saharan Africa, TD Africa, a collaboration intended to increase access to virtual learning, The West African country. The partnership was made known through Classera’s announcement on its LinkedIn page. the partnership
Business Banking The Unbanked; A Glimpse of The Nigerian Mind Humans are blessed with ideologies, most of which are to make them live in the free will they naturally possess. Meanwhile, our actions are an eruption of an in-depth thought process that has been identified and redefined to please, adapt or improve our society and most importantly ourselves. Our ideologies
Business Bruce Nsereko-Lule Becomes General Partner To Nairobi's Seedstars Africa Ventures Bruce Nsereko-Lule has joined Seedstars Africa Ventures, a VC based in Nairobi, that supports early-stage start-ups. Bruce is joining the team, to fill in the position as a full-time General Partner. One of the reasons Bruce is joining the team is to support the start-up’s fund strategy, equipping the
Business Nigeria's Duplo Raises $4.3 Million in Seed Round For Expansion Duplo, a Nigerian business-to-business (b2b) payment transaction startup which makes seamless payment possible within the African business ecosystem has raised a seed round of Four Million and Three Hundred Thousand US dollars ($4.3 Million ), and proposed to expand its business offering and launch new products. The startup was Co-founded
Business FinEstate Launches Platform For International Real Estate Investment North America-based real-estate establishment, FinEstate, has launched a web platform that enables Nigerians to invest in properties abroad. The organization itself made this known through a press release it published. The platform gives Nigerians access to invest in real estate in other developed nations, specifically in Canada, the United States
Nigeria Government To Partner With Binance For Economic Growth The federal government of Nigeria has revealed that it is in the process of securing an agreement with Binance a cryptocurrency exchange company, in other to develop a digital city, similar to that which is in existence in Dubai. Binance is one of the world’s leading blockchains, it has
Asia Kuda Lays Off Employees To Attain Strategic Growth Plan Nigeria and UK-based digital bank, Kuda, has revealed that it has cut its workforce, thereby joining the league of African tech organizations that are cutting down on their team. Word of the cut-down was confirmed by the company itself through an email which formally disclosed the steps it was taking
Business DPO Group Kenya Joins Virtual Pay, Secures CBK Payment Licence DPO Group a payment processing fintech in Kenya has received authorized approval from the Central Bank Of Kenya (CBK), granting it the licence to now operate as a Payment Service Provider (PSP), serving consumers in the country. DPO becomes the second startup reported to have received the same type of
Business VerifyMe Launches New Digital Identity, Create Customer Analysis Tool VerifyMe, a Nigerian identity verification startup, has revealed its new product, QoreID, a reserved identity and analytics tool for business-to-business linking platforms. This newly launched platform is designed to provide API structures and data assistance which will link businesses to people along with their information across the continent. Developed for
Business Flutterwave Obtains Switching And Processing Licence From CBN Nigerian fintech, Flutterwave, has obtained a switching and processing licence. Granted to the fintech by the Central Bank Of Nigeria, the SP licence has been said to be one of the most valuable processing licenses of the CBN. With this licence, Flutterwave can procure switching and card processing transaction services
Business Visa Appoints New Head Of West Africa Region. Visa, a digital payment platform and card payment network, has appointed a new Head for its West Africa region. The appointed, Andrew Uaboi is going to be in charge of the development and execution of the company’s growth strategy in West Africa, he will also lead the company’s
MoNo Launches Telco API, For Unbanked Consumers Data Gathering MoNo, a Nigerian fintech startup, has announced the launching of its new product, a telecommunication application programming interface (API) to enable businesses to collate unbanked consumer data having previously received user’s consent. The new product will allow businesses to leverage substitute data concepts to compel financial inclusion, thereby making
Kenya's Fintech, Pezesha, Raises $11 Million Dollars Pre-Series A Round Pezesha, a Kenyan-based fintech startup has raised Eleven Million US dollars ($11 Million) in a pre-Series A equity-debt round and likewise expanded into Rwanda, Nigeria and come Francophone countries on the continent. The round was led by Women’s World Banking Capital Partners II and had the participation of the
Risevest CEO Advised To Step-down After Alleged Misconduct It has been reported that co-founder and CEO of Nigerian startup, Risevest, Eke Urum, has been advised to step down from the position he occupies in the company. The advice comes from an investigative panel set up by the startup’s investors. This action was reportedly made known through an
Kenya Telcom Giant, Safaricom, Launches in Ethiopia Safaricom, One of Kenya’s leading telecommunications outfits, has launched its services in East Africa, Ethiopia, with activity in selected locations. The telcom had obtained a licence to operate in the profitable Ethiopia market as of July 2021. A year after obtaining the licence, it was revealed that Safaricom would
Business Boomkit, Nigerian Music-tech Secures 10k Users With Continental Expansion Plan Boomkit, a music-tech startup in West Africa, Nigeria has revealed that it has acquired a user base of Ten thousand users, a feat that encourages its plans to expand continental-wise. The music-tech is a digital platform via a mobile application that assist Independent Nigerian artists to distribute their art and
Anchor Secures $1 Million Dollars Pre-Seed Funding, Launches Beta Anchor, a banking-as-service fintech platform has revealed that it has secured pre-seed funding to the tune of One Million US dollars ($1 Million) as it also launches Anchor Beta. Backed by Y Combinator, Anchor intends to maximize the raised investments using it to build a team of talents thereby enhancing
Grey Raises $2 Millon In Seed Funding To Scale Cross Border Payments Nigerian fintech company, Grey, has been reported to have raised Two million dollars ($2 million ) in seed funding. Grey is created to give users in Africa the ability to send and receive foreign payments. Via the platform, users can also create a free international bank account through which they can
Business Moneymie Nigeria Shutdown B2C Cross Border Digital Banking Service Moneymie, a fintech startup in Nigeria has shut down its cross-border business-to-customer (b2c) service, this was made known in a newsletter startup released recently. This action disenables African immigrants located in North America from receiving and sending money to Ghana, Nigeria and South Africa. According to the message boldly posted
Ecobank Nigeria Opens Application For Fintech Challenge 5th Edition Ecobank Nigeria, a commercial bank in the West African country, has launched the fintech challenge, fifth edition, and it is opening the doors of the competition to fintech founders in Africa. Through this competition, both matured and early-stage fintech companies stand the chance to go home with Fifty thousand US
Edo State, Nigeria Set Up Innovation Hub In a bid to enhance Nigeria’s and most especially Edo’s state ecosystem, the Edo state government has established a digital innovation hub that is focused on agriculture. This hub will facilitate digital conversion and development in the state’s agricultural innovation ecosystem. The state’s Skills Development Agency
