Ridesharing mobile app that enables users to request taxi and bus rides tagged, Nairaxi has emerged over all winner at the young innovators’ competition organized by the Nigerian Communications Commission, which held at the Digital Bridge Institute, Oshodi, Lagos recently. The company, which took the coveted prize with value of N2 Million, made up of […]
Read MoreNigeria’s insurtech startup Curacel, an AI-powered platform for claims processing and fraud management in Africa, has secured US$3 million in seed funding to roll out new solutions and support its expansion into North Africa. Formed in 2017, Curacel automates the insurance claims process, allowing staff to process claims volumes quickly and efficiently, and automatically vets […]
Read MoreNigerian HR tech startup, a software-as-a-service (SaaS) company with a mission to build the simplest and most efficient people operations platform, has closed a $500,000 pre-seed funding round to expand its operations. Founded in December 2020 by Seye Bandele and Lekan Omotosho, Pade HCM automates and simplifies HR processes. The startup has so far helped […]
Read MoreMama Money, a rapidly growing fintech that offers cross-border money transfer and banking services has partnered with AFC Commercial Bank, a market leader in Zimbabwe with a reliable and robust payout network. This partnership allows Mama Money customers to easily send money to any AFC Commercial Bank branch for cash collection at 45 locations across […]
Read MoreFemale-focused VC firm ShEquity is launching the ShEquity West Africa VC Fund and the ShEquity Business Accelerator (SHEBA), offering female founders funding as well as venture building and technical support. Launched this year to help reduce the US$42 billion gender funding gap in Africa, ShEquity combines cash investment, structured technical support and access to high […]
Read MoreIFC, a member of the World Bank Group, has partnered Nigerian logistics startup Kobo360 to announce an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria to help the country address food waste challenges, support its health sector, and reduce its energy consumption. IFC, which is […]
Read MoreNigerian startup Indicina, which has developed a data-driven lending platform that digitises the credit value chain, has raised a six-figure US dollar funding round as it looks to further build out its product. Founded in 2018, Indicina helps both bank and non-bank lenders apply a data-driven approach to credit underwriting at scale, providing new insights […]
Read MoreA Kenyan smart addressing startup OkHi has launched in Nigeria alongside strategic partner and new investor Interswitch Group, aiming to tackle a problem that costs Nigerian businesses an estimated $2 billion a year-the lack of postal addressing infrastructure. Co-founded in 2014 by Timbo Drayson, who while at Google led the launch of Google Maps across […]
Read MoreDating startup Trueflutter, which has built a matchmaking app designed specifically for Africans across the world, has raised funding from three local angel networks. Built for African singles who are searching for long-term relationships and life partners, Trueflutter has been designed to be compatible with African culture and value systems, and uses an advanced matching […]
Read MoreAfrican industrialist Adam Molai has launched a $1 million fund to provide entrepreneurs with capital to kickstart or expand their enterprises. The Jua Kickstarter Fund will provide successful applicants with funds to launch or grow their businesses, as well as mentoring and guidance. Molai, who has successfully started several enterprises across Africa and whose TRT […]
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