Nigeria
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Renewable energy
Zonful Energy Receives Cash Grant From GSMA Innovation Fund
A local solar startup called Zonful Energy has received financial backing from the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion.…
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Start-ups
Nigerian Fintech Okra Secures $3.5-Million Investment
Lagos-based fintech startup Okra has secured $3.5-million in a seed funding round led by US-based Susa Ventures, with participation from existing investors TLcom Capital,…
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Fintech
Pan-African fintech, Appzone, bags $10mn for growth & operational expansion
Lagos-based, Appzone, a Pan-African fintech software provider that creates proprietary solutions for Africa’s banking and payments industry, has secured $10mn in…
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Digital
PricePally bags six-figure pre-seed funding round from a group of investors
Nigeria’s digital food cooperative company, PricePally, bags six-figure pre-seed funding round from Samurai Incubate, Launch Africa Ventures, and Angel Investors. The investment…
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Funding
Insurtech startup, Curacel, raised $450k in a pre-seed funding round
Nigerian insurtech startup Curacel has raised $450 000 in a pre-seed funding round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel…
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Supply chain & logistics
Delivery startup, Kwik Delivery creates plugins for SMEs & E-commerce businesses
Kwik Delivery, an on-demand delivery startup, has launched Magento Version 1.0 of the Kwik Delivery plugin to allow large and…
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Fintech
Nigerian fintech company, Xerde, creates a new funding solution for businesses in Africa
Fintech company, Xerde, has unveiled its new application, Tudo, an innovative funding solution for businesses. The new service provides social…
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Why Africa Needs Digitalisation of Economic Sectors after COVID-19
A new report has highlighted the importance of digitizing African economies so as to be in good stead for recovery from the…
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Fintech
Nigerian fintech company, Bankly, secures $2mn in a seed round led by Vault & other investors
Bankly, a Nigerian fintech company that is digitising the informal thrift collection system known in Nigeria as esusu or ajo, has raised…
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Fintech
Fintech startup, Afriex secures $1.2m seed round
Fintech startup, Afriex, joined by Y combinator has secured $1.2 million in its seed funding round. The platform provides instant,…
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