Simpliride, a driver-led ride-hailing platform, has launched in Lagos, Abuja, and Port Harcourt, offering a subscription-based alternative to Uber and Bolt. The initiative marks a major shift in Nigeria’s gig economy, empowering drivers with better pay and protections.
Nairobi-based logistics startup Leta has secured $5 million in seed funding to expand its AI-driven optimization platform. With backing from Speedinvest and Google’s Africa Investment Fund, Leta aims to reduce logistics costs and improve supply chain efficiency across Africa.
Yango Group, a global tech company, has introduced Yango Ventures, a $20 million corporate venture fund aimed at supporting early-stage startups across Africa and other emerging markets. The fund seeks to drive innovation in O2O services, B2B SaaS, and fintech while offering mentorship and strategic support.
