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 […]
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YC-backed Nigerian insurtech startup Curacel unveils new product Grow
Nigerian insurtech startup Curacel, an AI-powered platform for claims processing and fraud management in Africa, has announced itself as a participant in the latest Y Combinator cohort while also launching Grow, an an embedded insurance product that empowers technology companies to seamlessly offer insurance as part of their existing products […]
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Nigerian mobility fintech startup Moove raises $105m Series A2 round to scale globally
Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and Europe over the next six months. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based […]
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Startup Klump raises $780k pre-seed funding
Lagos-based buy now pay later (BNPL) startup Klump has raised a US$780,000 pre-seed funding round to help it launch its flagship “Pay with Klump” product with select partners, offering BNPL solutions to customers and businesses. Founded in 2021 by Celestine Omin and Olufunbi Falayi, who have combined experience building products […]
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Nigeria’s Remoto launches to connect car owners with service workshops
Nigerian auto-tech startup Remoto has launched operations, connecting individuals and fleet owners with certified service workshops via its online platform. Formed last year, Remoto has three products from which its clients can choose – car repair insurance, an annual maintenance contract, and on-demand repairs. “The cost of accessing premium vehicle maintenance services […]
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3 African startups selected for SOSV MOX accelerator
Three African startups have been selected to take part in the 12th edition of the SOSV MOX accelerator, receiving up to US$150,000 in funding and access to tailored support. SOSV provides multi-stage investment to develop and scale big ideas for positive change, investing in 150 companies every year through category-leading startup […]
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Healthtech startup raises $1m pre-seed funding
Remedial Health, a healthtech startup that develops pharmaceutical solutions, has raised $1m in pre-seed funding to roll out a digital procurement and patient medication records platforms. According to the firm, this will make it easier for neighbourhood pharmacies and Proprietary Patent Medicine Vendors to access affordable and authentic retail medicines. […]
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Flutterwave taps Wizkid as Global Brand Ambassador to Launch New Remittance Solution, Send
Flutterwave, Africa’s top payments technology firm has announced Grammy Award-winning international artist, Ayodeji Ibrahim Balogun, popularly known as Wizkid, as its Global Brand Ambassador as it launches Send, a remittancesolution, aimed to increase remittance flow and uptake to the African continent. Send by Flutterwave aims to offer customers the easiest way […]
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Gadget financing company, M-Kopa launches in Abeokuta as part of its expansion plan
M-KOPA, a Kenyan startup that gives underbanked customers access to finance to acquire solar lighting, smartphones, TVs and domestic appliances has launched operations in Abeokuta, the capital of Ogun State, Nigeria. This development, which is part of its expansion plan into Nigeria, means M-KOPA is now present in three states: […]
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Treepz will support Lagos-based bus company, CMS T&M, with technology
A few weeks after raising $2.8m seed funding and acquiring Ugabus, a Ugandan bus company, mobility startup, Treepz has announced a partnership with CMS Taxi and Motor Nigeria Limited (CMS T&M), a Lagos-based traditional bus company. This partnership will see the CMS T&M passengers have access to convenient payment options and […]