VENCO secures $670k pre-seed to enable proptech in Africa

With growing urbanisation across Africa, multi-property developments have emerged as the preferred mode of delivering residential and commercial real estate.

BD Insider, Letter 140: Is Africa about to have its own humanoid?

Is Africa about to have its own humanoid?

Nigeria wants to tax crypto transactions

By 2023, the Nigerian government will start the taxation of cryptocurrencies and other digital assets if the proposed Finance Bill 2022 is approved.

How Zone’s (formerly Appzone) plan to power global payments with blockchain

Appzone has rebranded Zone, to power global payments with its regulated blockchain network, its BaaS product is now known as Qore.

Lazerpay to layoff employees as its proposed seed fund’s lead investor withdraws

The CEO and Founder of Lazerpay, Njoku Emmanuel, announces that it will be laying off some of its employees

One year later, QuickBus has ₦8 million weekly GMV in Nigeria

In Q1 2022, domestic flight movements witnessed a 215% decline, according to the Nigerian Civil Aviation Authority (NCAA). Road transportation remains the most used transport option for travellers within Nigeria, especially with the increase in airfares. About 80–90% of the country’s population travel via road trips. Most of the travel companies facilitating these trips work […]

Orda secures $3.4 million seed to digitise African restaurants

African restaurant cloud operating system provider, Orda has secured a $3.4 million seed round which was co-led by Quona Capital and FinTech Collective.

November tech and startup events: London is the new Lagos

There were 10 key events evenly split across Lagos and London. While the ones in Lagos were more talent focused, those in London were business and investment focused. It's interesting to have these many events with a huge Lagos/Nigerian delegate representation.

South African API fintech startup, Revio secures $1.1 million seed funding

Revio, has raised $1.1 million seed funding from leading investors to solve the payment failure problem in emerging markets.

Djamo wants to expand its fintech super app across Francophone Africa

Ivorian fintech startup, Djamo has secured $14 million in an equity round to continue building a full suite of financial services and expand to new markets in the region.

Nigerian fintech startups, Kora and Kandon cleared of money laundering allegations in Kenya

Following investigations by Kenyan authorities, Nigerian fintech startups, Kora and Kandon have been cleared of money laundering allegations.

Pivo Africa secures $2M seed to expand into East Africa

Globally, small and medium enterprises (SMEs) account for 90% of businesses and 50% of employment, according to the World Bank. As of 2020, Nigeria's Small and Medium Enterprises Development Agency (SMEDAN) estimated that there are approximately 39.6 million MSMEs in Nigeria.