Swoop says its mission in Nigeria is simple: earn customer trust. After raising $7.3 million and attracting over 20,000 users in six weeks, the food delivery startup is betting that operational efficiency, transparency, and lower prices can win over Nigerians who have been disappointed by food delivery services.
In 2022, Y Combinator backed 24 African startups in a record-breaking cohort dominated by Nigerian founders. Three years later, some have raised major rounds and made acquisitions, while others have faded from public view.
CapitalSage has acquired Chimoney weeks after its shutdown announcement. The deal gives CapitalSage a regulated Canadian payments infrastructure foothold and accelerates its Africa–Canada corridor ambitions.
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