StartUps

Lagos ed-tech Startup ScholarX Secures $100k in Pre-seed Round

Lagos ed-tech startup ScholarX, which was part of the Google Launchpad three class has raised $100,000 towards an intended $200,000 pre-seed funding round to launch new products and grow its team. Launched in Nigeria in July 2016, the ScholarX app allows users to select parameters and scroll through lists of available scholarships that match their […]

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StartUps

Lagos Base Recruitment Startup Slatecube Expands into SA

Nigerian startup Slatecube, a cloud-based recruitment platform powering the upskilling and integration of the continent’s brightest young talent, is to launch in South Africa. Slatecube support businesses in integrating top entry-level talent into the workforce, with two independent solutions. Slatecube Workforce is a cloud-based recruiting service that helps businesses build talent pipelines, while Slatecube Accelerate […]

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StartUps

Lagos Base ed-tech Startup Launches AI-based Learning Chatbot

Lagos base ed-Tech Simbi has launched an artificial intelligence (AI)-powered chatbot that uses interactive tools to help students learn and evaluate themselves. The multi-subject SimbiBot aims to make learning fun, personalised and convenient, and does this using an interactive question and answer format. Co-founder and chief executive officer (CEO) AbdulAzeez Ogunjobi told Disrupt Africa even […]

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Business

Cowrywise Launches N100 Mutual Fund Investment

Lagos based fintech startup Cowrywise has launched a new feature that allows users to invest in mutual funds with as little as N100. Launched in 2017, Cowrywise is a secure automated service that helps users save money and enjoy high returns from risk-free investments in Nigeria, with zero fees. The startup, which last year raised […]

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StartUps

Kinaya Ventures Launches Pan-African Accelerator Programme

West African open innovation platform Kinaya Ventures has launched the Spring Fellowship, an accelerator programme that offers tech-enabled startups the opportunity to increase their traction and enter new markets. Kinaya Ventures, based in Abidjan, Ivory Coast, and Dakar, Senegal, formed last year and has been deploying accelerator and upskilling programmes for African startup founders, including […]

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StartUps

Nigeria’s Maritime Logistics Platform MVXchange Secures Pre-seed Funding

Nigerian maritime logistics startup MVXchange has closed a pre-seed funding round worth $100,000 in order to scale its technology and acquire more enterprise customers. MVXchange is a B2B tech-driven maritime platform that matches vessel charter requests with available Offshore Support Vessels (OSVs), focused on empowering users to conveniently charter vessels while reducing man-hours, saving cost […]

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StartUps

AI in Africa Gets $7m Funding from Tunisia’s InstaDeep

Enterprise artificial intelligence (AI) startup InstaDeep has raised US$7 million in Series A funding from AfricInvest and Endeavor Capital to expand AI opportunities in Africa. Founded in Tunisia in 2014 but now headquartered in London having gone global, InstaDeep delivers AI products and solutions for the enterprise sector, and also has offices in Paris, Tunis, […]

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StartUps

Nigeria’s LifeBank Launches N100m Medical Products Fund

Nigerian e-health startup LifeBank has launched Blood and Oxygen Access Trust (BOAT), a N100 million fund aimed at democratising access to blood and oxygen by providing these essential medical products to poor and vulnerable Nigerians at no cost. Founded in 2016, the Lagos-based LifeBank offers an online platform that connects hospitals with blood banks, and […]

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Financial

Trove, Nigeria’s Micro-Investing Startup Seeks Funding

Nigerian micro-investing startup Trove has raised an undisclosed amount of funding from Ventures Platform as it looks to get more people investing in financial securities. Trove, whose simple micro-investing app is now in private beta here, allows users to invest in financial securities such as stocks and government bonds in Nigeria and in international markets […]

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Technology

Firm Targets African AI-focused Start-ups with Investment

Cape Town-based artificial intelligence (AI) firm Cortex Group has introduced what it calls “Africa’s first AI-focused venture capital (VC) company”, aimed at supporting African start-ups. Cortex Group is the holding company for AI software and solutions firm Cortex Logic. The group consists of six divisions, each focusing on key parts of the AI ecosystem: asset […]

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