Tuesday, December 6, 2022

Nigerian/African Tech

Kuda expands into UK with remittance product offering

Nigerian Digital Bank Kuda is expanding into the UK with a remittance product targeting Nigerians in the diaspora. Although Cuda is based in London, the startup is based in Nigeria. Since its launch in 2019, Kuda has...

Blnk, an Egyptian Fintech Startup Secures $32 Million Funding

Egyptian fintech platform Blnk, a startup that provides instant consumer credit to Egyptians, has raised $32 million in one of the largest funding rounds for an Egyptian startup this year. The $32 million that Blnk received came...

Payhippo Acquires Marine Microfinance Bank

Nigerian startup Payhippo, in a move to expand its product offerings, has acquired Maritime Microfinance Bank (MFB), in a deal subject to approval by the Central Bank of Nigeria (CBN).Payhippo, the AI-powered digital lender, said in a statement...

Satgana secures €30m to support climate technology startups in Africa

European venture capital firm Satghana has secured €30 million in funding to support start-ups helping tackle climate change problems on the African continent. The company will use the funding to invest around €500,000 in the pre-establishment and...

Amazon Web Services (AWS) opens its first office in Lagos, Nigeria

Amazon Web Services (AWS) on Tuesday announced the opening of its office, the first of its kind in Nigeria.The Nigerian office to be based in Lagos, southwest Nigeria will come 5 years after AWS opened its first office...

XPLORE by Lognetics; Creating the next wave of technology in Africa

On September 1, 2022, the convergence of great minds led by young CEO, Light Ihesiulo took place at Xplore'² marked as a glimpse into the future we're building. The event was held by none other than the...

Moneyhash in Egypt plans to expand into sub-Saharan Africa

US-based Egyptian fintech company Moneyhash recently expanded its operations into sub-Saharan Africa, in a bid to open up the continent for its payment system.In a conversation with Techcabal, MoneyHash CEO Abdel Razek said that the company wants to...

NALA integrates Apple Payments from the UK and US

Tazanian fintech startup NALA has integrated its global payment service, Apple Pay, into its payment solutions.The fintech company has over the years proven its dominance in East Africa and has now taken it to a higher level by...

Meta 30 billion sued by Nigerian ad regulator, ARCON

Meta Inc. The mother, Facebook, Instagram and WhatsApp, is embroiled in another litigation scandal and this time in Nigeria, a West African country.A lawsuit has been filed against Meta Inc. and Nigerian Public Relations Agency AT3...

Project financing in Africa is expected to reach $7 billion this year

2022 is proving to be a very crucial year for the African continents in terms of its relevance to the global investment landscape, as the continent closed the first half of 2022 at $3.5 billion, up 133% from...

Financing the agricultural technology sector in Africa raises $ 1.1 billion

An investment report indicated that African agri-food technology startups raised $1.1 billion in five years, a tenfold increase over the period. The report further showed that venture capital on the continent has been boosted by investments in...

South Africa’s Talk360 has raised $3 million in new seed funding

Voice over IP (VoIP) startup Talk360 has totaled $7 million in investment, having raised an additional $3 million a few months after the initial closing of its initial $4 million round.New investors in the South African startup in...

Vendease raises $30 million to expand services across Africa

A digital platform backed by Y Combinator, Vendease raised in a $30 million equity and debt financing round, as the startup seeks to bolster its operational presence in Nigeria and Ghana, while spreading its tentacles to other African...

MTN builds private 5G networks in South Africa

South African multinational mobile operator MTN is building 5G private networks for at least 14 companies in the South African mining and port sectors. This was announced by the Sunday Times, a local newspaper in the country.MTN...

Flutterwave finally integrates Google Pay into its payment options

Flutterwave, a Nigerian fintech startup, has integrated Google Pay into its payment options more than 7 months after its announcement.TechBooky recalls that in February of this year, two days after the global merchant and service provider raised a...

How Nigeria’s MFB, Kuda Suffered a 6 Billion Yen Loss in 2021

Recently, news broke that the new digital-only bank, Kuda Microfinance Bank, has been in losses over the past two years.According to Kuda's financial report, the company operating under the Nigerian Microfinance Bank license, at the end of fiscal...

The emergence of the prudent Nigerian Cybersex platform

In a country identified as taking pride in upholding traditional values, where only 0.6% of people are considered irreligious and 53.5% as Muslims among other religions, the number of forums featuring sex has increased dramatically since the invention...

Nedbank Partnership with Africarary for Metaverse Village

The fourth largest lender by assets in South Africa, Nedbank in a bid to establish itself in the latest Internet version, Metaverse, has acquired a village for itself in Ubuntuland.Nedbank will do this in partnership with Africarary, a...

CBN Grants Super Agent Banking License to Fintech Startup, Kippa

Nigerian fintech startup Kippa has announced that it has been granted a super-agent banking license by the Central Bank of Nigeria (CBN), giving the company leverage to further its ambition to make it easier for anyone to start...

Insuretech Startup Etap makes insurance as easy as taking pictures

Ibrahim Babalola, CEO and Founder of ETAPA fast-rising emerging technology startup, ETAP has over the past months risen to the challenge of auto insurance in Nigeria and the African continent.With the Guardian reporting in its survey of how...
- Ads -
- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -