StartUps

Kenyan Retail-tech Startup MarketForce Secures $150k Y Combinator Summer 2020 Batch Funding

Kenyan retail-tech startup MarketForce is the only Sub-Saharan African company selected for the Y Combinator Summer 2020 batch, securing $150,000 in funding and the inspiration for a new product. Launched in 2018, MarketForce enables consumer brands to optimise how they deliver essential goods and services to retailers and consumers by bridging the information gap in […]

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FinTech

Ecobank Fintech Challenge Startup to Pitch for Cash Prize of $22,000

The 10 startups finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets will pitch for a cash prize of $22,000. The finalists will pitch their products to a jury for the cash prizes for the […]

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StartUps

Lagos Transport Startup Plentywaka Secures $300k to Launch in Abuja

Lagos-based transport startup Plentywaka has raised US$300,000 in pre-seed funding to expand to the capital Abuja as well as other Nigerian states. Plentywaka launched its services in the second half of last year, and since then has built a platform of over 40,000 customers that has seen substantial growth since the beginning of 2020. It […]

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FinTech

Nigerian Fintech Startup Rise Selected for $120,000 Techstar & Western Union Accelerator

Nigerian fintech startup Rise has been selected to participate in the US-based Techstars & Western Union Accelerator, gaining access to funding and mentorship. Based out of Denver, Colorado, the Techstars & Western Union Accelerator is a three-month, mentor-driven programme designed to help startups build and shape the future of how money moves. Each participating startup […]

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StartUps

Lagos Base e-Commerce Start-up, TradeDepot Secures $10m African Expansion Funding

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 […]

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StartUps

Communities & Cooperatives Service Provider Startup Riby Goes Nationwide with Digital Operations

Nigerian startup Riby, which helps communities, trade groups, cooperatives and SMEs digitise their operations in order to access financial services, is planning expansion across Africa after building up a strong nationwide presence. Launched in mid-2016, Riby helps organisations go digital in order to access services like savings, loans and payments via its digital platforms and […]

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Technology

Google Podcast Accelerator Program Promises Funding of $12,000 as 2020 Application Opens

Google’s and PRX’s podcast accelerator and training program for producers for 2020 has been opened with a promise of up to $12,000 funding. The duo has called for applications before the closing date of Sunday 2 August 2020. Successful applicants with an existing podcast who want to advance their skills and take their productions to […]

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FinTech

UNICEF Innovation Fund Opens Blockchain Funding Worth N38m for Startups

The UNICEF Innovation Fund is looking to make equity-free investments of up to US$100,000 in early-stage blockchain startups that have the potential to benefit humanity. UNICEF runs a host of different innovation fund, with the latest one open to any startup registered in one of UNICEF’s programme countries with a working, open-source blockchain prototype that […]

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Technology

NCC Unveils N9m Grant for Virtual Hackathon on Covid-19 Tech-Driven Solutions

Nigerian Communications Commission (NCC) has opened entry for adaptable digital solutions for addressing the impacts of pandemic and epidemic prone-diseases from technology hubs, startups, and innovation digital SMEs in Nigeria. The commission, in a public notice on its official website said though a regulator it also supports the development of innovative services and life-changing solutions, […]

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StartUps

East Africa’s e-Health Start-Up Launches Services in Kenya

E-health startup TeleAfya has launched in Kenya, allowing patients to find and connect with community medical practitioners. Launched in May, TeleAfya has rolled out a provider discovery system that allows users to identify and contact medical professionals, nearby emergency services, local diagnostic lab centres, pharmacies and medical delivery services, and local transport and ride providers. […]

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