Six African fintech companies have been declared finalists of this year’s Ecobank Fintech Challenge, and will now compete for a top price of US$50,000 and admission to the Ecobank Fintech Challenge Fellowship programme. Ecobank is a leading independent pan-African banking group that serves over 32 million customers in the consumer, commercial […]
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Nigeria leads as Google supports 60 African startups
Google says 60 African startups have been selected for the second cohort of the Google for Startups Black Founders Fund for Africa. The global firm said this on Tuesday during the Google for Startups Black Founders Fund 2022 winner announcement in Abuja. It said the winners would be supported with […]
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Nigerian fintech startup Duplo raises $4.3m seed round to launch new products
Nigerian startup Duplo, a B2B payment platform that makes it easier for African businesses of all sizes to pay each other, has raised US$4.3 million in seed funding to launch new products and expand into new business verticals. Founded by Yele Oyekola and Tunde Akinnuwa in September 2021, Duplo allows B2B companies […]
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Nigerian retail-tech startup Omnibiz raises $15m pre-Series A round to accelerate growth
Founded in June 2019 by Deepankar Rustagi, Omnibiz allows retailers to place orders at their convenience and have goods delivered to their doorstep with zero delivery costs. Retailers can stock up their shops using the company’s mobile apps, WhatsApp channel, or a dedicated care number. The startup, which raised a US$3 million seed […]
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Nigerian recruitment startup Terawork launches app to help employers hire on the go
Nigerian recruitment startup Terawork has launched iOS and Android mobile apps to help employers and entrepreneurs hire, manage and communicate with vetted talent in real-time. Launched in 2018 and an alumnus of the Google for Startups Africa accelerator, Terawork is a freelance marketplace that allows thousands of users to find and hire freelancers for quick tasks […]
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Nigerian auto-tech startup Autochek acquires CoinAfrique to drive Francophone African expansion
Nigeria-based auto-tech company Autochek has announced the acquisition of CoinAfrique, the leading platform for classified adverts in French-speaking Africa, to accelerate penetration of its auto-financing services into Francophone Africa. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa. The company […]
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Nigeria’s Autochek, Kenya’s Pezesha partner to provide affordable asset financing to SMEs
Nigerian auto-tech startup Autochek has partnered Kenyan fintech Pezesha to enable SMEs in Kenya to access asset financing. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, starting with Nigeria and Ghana. It plans to use technology to transform the […]
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Nigerian BNPL startup CredPal secures backing from Cairo Angels Syndicate Fund
Nigerian “buy now, pay later” (BNPL) startup CredPal has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund that invests in early-stage startups in the Middle East and Africa. Launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal is a consumer credit platform that gives buyers the […]
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Nigerian startups win $200,000 at Lagos talent show
Two Nigerian technology start-ups, Paddy Cover and Pricepally.com, have emerged as winners of the Dubai World Trade Centre’s $200,000 Lagos talent show. At the event, TruQ emerged as the EIC and Lagos State winner. The two winners are set to head on all-expense-paid trip to Dubai to pitch their idea […]
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Nigerian on-demand delivery startup ShapShap secures seed extension
Nigerian on-demand delivery startup ShapShap has secured a seed extension investment from V8 Capital Partners as it bids to expand its capabilities and move into more markets. Founded in 2019, ShapShap is an on-demand motorbike delivery service that utilises data and mobile technology to formalise the fragmented and highly inefficient same-day delivery […]