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Flutterwave now worth $3 Billion as it raises $250M in Series D
Flutterwave, a Nigeria-based fintech giant recently raised $250 Million in its Series D funding which is the highest investment they have been able to raise after the $170 million of Series C funding, which brings their total valuation to over $3 billion. According to the company, this new funds would be used to expand the […]
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Duplo, a Nigeria fintech startup raises $1.3M pre-seed, to build payments infrastructure for B2B businesses
Duplo Inc, backed by yCombinator (YC W22) has raised $1.3M in pre-seed funding, to build payments operating system for B2B businesses in Nigeria. The round was led by early-stage pan-African VC firm Oui Capital with other local investors participating. The friction Duplo is fixing in a nutshell, is payments in the FMCG sector — which […]
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Mecho, a Nigeria’s autotech startup secures $2.15M seed funding, backed by Future Africa, Tekedia Capital and others
Owning to the poor state of highways and incessant road rage in Nigeria, vehicle maintenance has become the inevitable phenomenon that every motorist cannot but look attentively at and consider. That is necessary because the majority of cars on our highways are fairly-used. Yet, even in instances where car owners visit mechanic workshops for checks, […]
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AltSchool raises $1m Pre-seed to address Africa’s shortage of Junior level Tech talents
Unlike in the past years, there is currently a significant focus on tech talent development. The focus has completely shifted from the entry-level training talent that it used to be to training senior talent. Undoubtedly, one of the significant reasons that necessitated this shift is the inability of the local education system to produce qualified […]
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Bamboo raises $15M in Series A, to build Tech API Infrastruture
Buying a share on Amazon is perhaps one of the luxuries only a few individuals can afford. Despite the prospects of the multi-millionaire firm or return from its shares, it is somewhat difficult to pay for shares in total. You may have to defray the cost of almost $3,000 to get one. But through the […]
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Nigerian restaurant management startup, Orda securess $1.1m pre-seed
Orda, a Nigerian restaurant management startup, has raised a pre-seed fundraising round of US$1.1 million to accelerate its growth and extend throughout the continent. Orda is a cloud-based restaurant management system that was launched in 2020 with the goal of providing a single operating system to run African eateries. The Lagos-based firm has partnered with […]
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Bfree, Nigerian Credit-recovery Fintech bags $1.7m From Local Investors
A Nigerian credit management fintech, Bfree has raised $1.7 million in a pre-series A investment to expand globally and take advantage of the prospects in emerging economies, where digital lending apps have recently sprung up in droves. 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures, and several other angel investors joined in the new […]
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IFC’s New $3m Fund For Tech Startups In Africa
The International Financial Cooperation (IFC), a sister agency of the World Bank and a part of the World Bank Group, has proposed to invest $3 million in African tech entrepreneurs through its Startup Catalyst Program. This information was made public on the IFC Project Information & Data Portal, which is the world’s largest development organization focused solely […]
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Planet42, South African Car Subscription Platform Lands New $30M
A south African car subscription startup, Planet42 who buys secondhand cars from dealerships and rents them to consumers on a monthly basis, has raised $30 million in stock and debt. The investment, dubbed a bridge round by co-founder and CEO Eerik Oja, is a precursor to a larger Series A deal later next year. It […]
