Nigerian startup TradeDepot, a B2B e-commerce platform for consumer goods in Africa, has raised $10 million in a pre-Series B equity funding to expand into other African cities and launch a suite of financial products and credit facilities for its retailers. Founded in 2016, TradeDepot is an end-to-end distribution platform that aims to connect the […]
Read MoreNigerian group-buying startup Pricepally has secured funding from German firm GreenTec Capital Partners as it looks to expand its operations outside of its Lagos base. Disrupt Africa reported in February on Pricepally, which launched in November 2019 and is a group-buying platform that aggregates consumer food demand and matches it with supplies directly from farmers […]
Read MoreThe Nigerian logistics space is a busy and increasingly well-funded one, but Lagos-based Dellyman believes it has the capacity to stand out from the crowd in spite of its relatively late entrance and smaller amounts of investment. Launched in March 2019 but available to the public from January this year, Dellyman is a web and […]
Read MoreOjaExpress, a digital platform that allows users to shop online for ethnic, cultural and religious ingredients, has gained acceptance into the Techstars Kansas City accelerator, gaining access to $120,000 in seed funding and additional support. OjaExpress works with independent grocers, such as mom-and-pop shops, who carry hard to find ingredients, and helps them serve immigrant […]
Read MoreLagos-based retail-tech startup One Kiosk is leveraging geo-location and machine learning to connect owners of local stores with potential customers online. Founded last year, One Kiosk targets informal retailers and “mom-and-pop stores”, helping them connect to online users based on location, and also providing them with sales data which enables them to access credit lines […]
Read MoreCo-founders of Nigerian digital logistics company Kobo360, Obi Ozor and Ife Oyedele II, have been accepted into the global Endeavor network, gaining access to various support services to help the company scale. The Endeavor initiative works to catalyse long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide, and has accepted a […]
Read MoreStartup, Wedding Registry NG has launched its web platform that allows users to more easily give and receive wedding gifts. An e-commerce website with a focus on wedding gifts, Wedding Registry helps couples communicate their gift preferences to guests, while guests can easily select and pay for certain items. Founded by Prince Iwendi and Daisy […]
Read MoreAgri-tech startup Farmcrowdy has ventured into the e-commerce space with the launch of Farmcrowdy Foods, a one-stop digital marketplace that allows consumers to conveniently purchase highly affordable fresh food products from the comfort of their homes. Formed in 2016, the Farmcrowdy platform connects small scale farmers across Nigeria with access to finance sourced from individuals […]
Read MoreLatest statistics has revealed that eCommerce merchant losses to online payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of SCA (Secure Customer Authentication) in Europe. The new research, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2020-2024, found that the popularity of […]
Read MoreBusinesses in eCommerce, airline ticketing, money transfer and banking services, will cumulatively lose over $200 billion to online payment fraud between 2020 and 2024, driven by the increased sophistication of fraud attempts and the rising number of attack vectors. The new research from Juniper Research on: Online Payment Fraud: Emerging Threats, Segment Analysis & Market […]
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