Oluwadara Oluwadara

The AfCFTA Secretariat and its partners announce the winners of the AfCFTA Caravan Prize

The Lagos Digital Summit 2021 is taking place at the Zone Tech Park on Friday, 26 November, 10 AM prompt. It's a must-attend.

Tech Word For The Week: Fundraising

Tech Word of The Week is a weekly series where we look to explain commonly used words in the tech ecosystem in a simple, engaging way.

Payhippo announces $3 million seed funding to improve access to finance for SMEs in Nigeria

Payhippo's new funding will enhance their technology capabilities to support small businesses in Nigeria with innovative solutions to unlock sources of capital for their customers and expand their talent.

Lemonade Finance raises $725k pre-seed financing to change cross-border financial services for Africans abroad.

Lemonade solves a problem that Africans in the diaspora face: sending and receiving money from their home countries in efficient, affordable, and fast ways.

What is the Business-to-Business model about?

Business to Business is a transaction between two companies, rather than a company and an individual consumer. It’s a unique business model where businesses serve other businesses.

Releaf collaborates with IITA to improve growth and sustainability in oil palm production

The partnership will enable the startup and the award-winning research-for-development organisation to explore ways to increase oil palm yields and deploy the best intercropping mechanisms.

Autochek secures $13.1m seed fund to scale its technology and accelerate expansion

The capital will be deployed to bolster its core auto loan processing platform and deepen its footprint in West Africa, starting with its recent entry into Cote d’Ivoire.

Emerging Africa Group acquires majority stake in Fundall to build Africa’s first financial Super-app

Fundall is building Africa’s first financial super app, to help individuals & businesses spend smartly, manage money & grow money — from living their best lives every day to planning for the future.

Business To Consumers (B2C)

The funds would be used to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.

Brass Secures $1.7m Financing Round; to deliver affordable premium banking services for African SMEs

Africa’s new bank for startups and SMEs' set to expand to South Africa & Kenya following funding.

MFS Africa expands into Nigeria: set to acquire leading super-agent network Baxi

MFS Africa will build Baxi into a key node on its digital payment network, allowing customers to make regional and global payments to and from Nigeria.

ILLA obtains $2m investment round to expand and diversify its offering

ILLA aims to optimize post-production supply chain activities for FMCG brands, starting with middle-mile delivery services and being the most fragmented part of the value chain.