6 African startups named finalists of $50k Ecobank Fintech Challenge

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]