How Silicon Valley Inspired Tech in Africa

how silicon valley inspired tech in africa

Silicon Valley houses some of the world’s biggest tech powerhouses, and we can safely say it’s the world’s tech capital. The area got its name from the primary material found in smartphone microprocessors, and the name has stuck, being a perfect one for what the place eventually became known for. Over the past few years, … Read more

13 Great Top Tech Companies in Africa

top tech companies in africa

Africa was pretty late onto the tech scene. While the west was creating services that would later become groundbreaking like Amazon, Facebook, and Google, we waited, relegating ourselves to the consumer status while they shaped the future of tech. While Africa was late to the party, we’ve come up with several powerful tech companies that … Read more

Netflix is sinking and here is how ‘ads revenue’ can save it!

Netflix ads revenue

Netflix’s future is in big trouble, in fact, the ship is declining and sinking at the moment, and here’s what could ultimately save it from going overboard! Netflix lost 200 thousand subscribers in the first quarter (Q1) of 2022, a huge loss that hasn’t been recorded since the streaming service startup was launched in 2009. … Read more

What Are The Top Legal Tech Startups

top legal tech startups

In an age where almost every tech startup is in the ed-tech or fintech sector, it’s always exciting to see one in a different sector. The legal sector is known to be complicated and not many startups have emerged in the field due to the technicalities. However, the rarity of legal tech startups doesn’t mean … Read more

How ByteDance, TikTok’s parent company became the most valuable company in the world

ByteDance

So let’s talk about how one of the most unknown companies in the world beats some of the most known companies in the world in valuation including your favorite companies like SpaceX, Uber, Stripe, and Canva. So, what’s the SECRET behind ByteDance, the $400 billion-plus valuation company that owns TikTok, an app with 1.9 billion … Read more

Quidax become first African crypto exchange to list on CoinMarketCap

Quidax CEO

Quidax, a Nigerian-based cryptocurrency exchange has announced its listing on CoinMarketCap, one of the world’s leading sources of cryptocurrency-related market data,  With this announcement, Quidax is now the first fully African owned crypto exchange to be listed on CoinMarketCap. This listing represents a milestone for Africa in the $1.84 trillion global crypto market and Nigeria … Read more

Naqla Logistics Startup Raises $10.5m To Aid Faster Shipping In Africa

Naqla

Naqla Logistics startup major goal is to utilize technology to modernize and extend Africa’s supply chain by automating orders among shippers and drivers via its platform. In a pre-Series, A investment, Naqla, An Egyptian trucking technology platform and marketplace that connects truck owners with cargo firms in Africa, secured USD$10.5 million. The round was led … Read more

How Earnipay raises $4M to help employees receive on-demand salary access

Earnipay team

Nigerian financial technology startup Earnipay is now on a mission to establish a flexible and on-demand salary access to income-earners and employees in Africa, the startup has raised $4 million in seed financing led by early-stage venture capital firm Canaan. The round was led by Canaan and with participation from XYZ Ventures, Village Global, Musha … Read more

Best Finance Companies in Nigeria 2022

finance companies in nigeria

In a few recent years, a lot of great individuals have made great ways of how Finance Companies in Nigeria are perceived. Most people refer to these firms as Fintech It’s with no doubt that these companies are doing well for themselves, the Nigeria Fintech Industry and Africa at large. The most surprising thing about … Read more

African fintech Flutterwave valuation to over $3B after $250M Series D fund

Flutterwave valuation

African Fintech company Flutterwave has tripled it’s valuation with a newly raised $250 million Series D round. The payment company is now worth over $3 billion in just twelve months. The Series D round had in participation lead investor B Capital Group and other participating investors like Alta Park Capital, Whale Rock Capital, and Lux … Read more

YC-backed Duplo raises $1.3m pre-seed to digitize B2B companies in Africa

Fintech startup Duplo

Nigerian-based and Y Combinator backed Fintech startup, Duplo has raised USD$1.3 million pre-seed funding to provide technical solutions to problems around inefficiencies in terms of moving goods from manufacturers and suppliers to retailers; usually involving collecting cash through a network of agents. The $1.3 million pre-seed funding round was led by early-stage pan-African VC firm … Read more

Nigerian Insurtech startup Casava raises $4m pre-seed to democratize insurance

Insurtech startup casava

Nigeria’s Insurtech Startup Casava has secured US$4 million in pre-seed funding to deliver affordable and accessible micro-insurance services for millions of Nigerians.  The funding round, the largest pre-seed round for an African insurtech to date, was led by Target Global with participation from Entrée Capital, Oliver Jung, Tom Blomfield (Founder of Monzo) and Ed Robinson … Read more

AltSchool secures $1m pre-seed to develop tech talents in Africa

AltSchool founders and investors

In recent times the growth of technology in Africa has witnessed a major shift thanks to the outstanding development in the tech industry in Africa, Many Africans now have more access to quality training that helps in developing their skills. Right now, things are about to take another interesting turn with the emergence of alternative … Read more

Esusu becomes unicorn with SoftBank led $130M series B funding

Esusu

Fintech startup Esusu has announced its series B funding to become the latest unicorn in the world. The financial technology startup said it has crossed the $1 billion dollar valuation after raising $130 million new funding.  The series B financing will provide Esusu with the needed capital to execute on their mission to remove impediments … Read more

Egyptian Edtech Startup Orcas raises $2.1m Pre-Series A Funding

images 2022 01 17T141005.988

Egyptian Ed-tech startup Orcas has raised a $2.1 million pre-Series A funding round co-led by CIRA’s NFX Ventures, and Access Bridge Ventures to push online learning into more African markets. The round also had participation from Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund, and Seedstars International.  What is Orcas? Orcas is an Egyptian-based … Read more

Ghanaian Fintech Float raises $17,000,000 seed to accelerate credit offerings for SMEs

float

Float was founded by Jesse Ghansah and Barima Effah in 2020. Initially referred to as Swipe, the business enterprise rebranded as Float and went stay with its product in June 2021. The concept for the YC-sponsored Ghanaian fintech got here in the course of the leader executive`s time at OMG Digital, a media business enterprise … Read more

How Nigerian startup, Fidia raises $125k in 6 months after launch, joins ODX1 Accelerator

fidia

Six months ago, techibytes was one of the earliest tech blogs to publicly announce the launch of Fidia- a platform that helps content creators make a living from their creativity. We told you how the startup is changing the game in the creator economy sphere.  Just a few months down the road, the payment startup … Read more

Meet Enyata, the tech academic startup empowering african tech talent

enyata

The Enyata BuildUp is an initiative that aims to increase tech talent in Africa. Technically, there are more than 700,000 professional developers in Africa, with more than 50% concentrated in five countries: Egypt, Kenya, Morocco, Nigeria, and South Africa. This stats is according to the e-conomy Africa report. The eConomy Africa report also estimated that … Read more

America’s Equinix set to acquire Nigeria’s MainOne in a sizzling $320 million deal

PicsArt 12 08 05.33.35

Continuing the funding extravaganza in the Nigerian tech Industry, African Leading cable and data center service provider, MainOne is set to be acquired by United State-based internet connectivity company, Equinix. This acquisition will become Equinix’s grand entry into the African telecoms and data market space. According to information reaching techibytes from Equinix, the deal which … Read more

Insurtech Startup Octamile raises $500k pre-seed to reduce financial loss through digital insurance

Insurtech Startup octamile

Octamile raises $500,000 pre-seed funding. In the words of Gbenro Dara, Founder and CEO of Insurtech Startup Octamile, only 5 to 10 Africans have any form of insurance protection, even though insurance is a veritable sector that has the potential to elevate the economy of the country. Octamile, an Insurance technology startup that enables insurance … Read more

How Nigerian health therapy startup MyTherapist is healing Nigerians through therapy one individual at a time

mytherapist

Recovering from the mental and emotional hurt of the ENDSARS protest, heralding the birth of a health therapy startup. MyTherapist.ng Approximately 50 million Nigerians live with varying Mental Health disorders and according to the World Health Organization (WHO) 2017 report, about 29 million Africans live with depression which is usually the most common mental health … Read more

How Crypto startup MoonPay Nets $555 million series A funding, valuation Pumps to $3.4 billion

moonpay

If You Can Dream it, then you can definitely fund it. That’s what MoonPay just did after an eye-popping, jaw-opening $555 million Series-A financing round. One of the largest Series A funding by any startup in the world. I’m going to be sharing with you the most unexpectedly largest series A funding in 2021 that … Read more

How to Raise Money for a Startup

how to raise money for a startup

Capital is the primary prerequisite for every firm to succeed aside some other factors, and question of ‘how to raise money for a startup’ this is put forward because capital is a necessary component of every business’s success. Without sufficient financing, business startups frequently fail and this troubling challenge frequently drives fledgling business startup founders … Read more

How Oja a UK-based startup secures $3.4M funding to build London’s first ethnic grocery store

oja app

“Oja” is a Yoruba word for traditional market or better still ethnic markets, imagine a world where you can get access to a variety of fresh traditional and local foods like plantain, yams, scotch bonnet, chili peppers, oxtail, seasonings, and more…at the tab of a button? Let me tell you about the Oja app, London’s … Read more

The Most Common Recruitment Challenges Startups Face by 2022

recruitment challenges

Hiring the proper individuals is critical for the growth of your company, and it will most likely contribute to the development and success of any organization. The task of hiring varies due to the nature of the industry, so for example, hiring process in hospitality is seasonal and finding the right people can be challenging. … Read more

How Nigeria Fintech Brass intend to provide a far-reaching banking solution for African businesses

Nigeria fintech brass

In Nigeria, there are hundreds of Fintech startups providing virtually the same services or even close services, but when it comes to the Nigeria Fintech Brass payments are different, and there are a number of features that make this startup outstanding among others.  With the proliferated number of FinTechs in Nigeria, many small and medium-sized … Read more

Healthtracka, RentSmallSmall and more African Startups join Techstars Accelerator Program

techstars accelerator program

Sometimes in life, the only way to leap before you walk is to learn from others’ mistakes. As an early-stage startup, especially a first-time founder, you do not want to make the mistakes and errors that founders before you have made, so what if you could learn from their mistakes? How is Techstars Accelerator Program … Read more

How Edtech startup Scholarly is Transforming Digital Learning in Africa

scholarly

Scholarly has been making waves and breaking grounds as an edtech startup in Nigeria. Started as a mere passion to provide a tech-based solution to challenges of overly expensive cost of purchasing educational materials and then transforming into a digital learning startup. Here’s the transformative story of Scholarly as Techibytes had an interesting sit down … Read more

How Prospa is building Neobank for small businesses and freelancers in Africa

prospa

Prospa started as one of 10 African Startups who participated in Y Combinator winter batch, few months after graduation, it raises the largest pre-seed funding of $3.8 million in Sub-Saharan Africa, the Financial and business management tool service-based startup is hellbent on building a neobank-like Fintech market for small businesses and freelancers in Africa. Recent … Read more

Agricorp raises $17.5 million Series A funding to become the largest exporter of spices in Africa.

agricorp

Nigerian-based spices producing, processing and exporting startup, Agricorp International, has raised $17.5 million in a Series A funding round to increase its production capacity to 7,000 metric tonnes and also venture into becoming the largest spices export company in Africa. The agric-tech startup also joins our list of startups that have raised funding in 2021 … Read more

Ulesson transforming the educational system

ulesson

Ulesson is an educational technology startup that leverages best in class teachers, media, and technology solutions to create high-quality, affordable, and accessible education for African students. It an educational technology start-up that has built a platform that helps African students be the very best they can be. This allows them to maximize their academic achievement … Read more

Bumpa raises $200k pre-seed to build e-commerce solutions for African merchants

Best E-commerce Platform for Startups

Bumpa, an African-focused e-commerce solution startup helping African retailers manage and grow their businesses from their mobile phones, has raised a $200k pre-seed funding round.  Bumpa’s Pre-seed funding This round had participation from various VCs including Greencap Equity, HOAQ Club, Whogohost Venture Arm, Rizq Investment Group, Microtraction, DFS Labs, Aidi Ventures, Prosper Otemuyiwa, Oo Nwoye, … Read more

How Alerzo, Ibadan-based retail startup raises $10.5M Series A to digitalize Nigeria’s informal retail market

2131763D FA1E 413E B05A 447D8A088099

It’s no longer news that digital retail startups are increasingly gaining traction in the Tech ecosystem in Nigeria, safe to say retail Startup in Nigeria is the next big thing after Fintech.  Alerzo, Ibadan-based retail startup, disrupting the Mom and pop shop model of business announces a $10.5 million series A round led by London-based … Read more

How Tech startups in Africa have raised $1.1 billion investment in 2021

0001 6059408023 20210816 220402 0000

Tech startups in Africa have so far had the best year ever when it comes to VC funding. The venture capital market in Africa has consistently witnessed growth from what it used to be, over the years it has witnessed increased influx of capital from both local and international investors. For the record, report from … Read more

Meet Moove an African mobility startup that just raise $23m to help you own a new car

Mobility Startup

African mobility startup, Moove has announced a $23 million Series A to build a full-fledged mobility startup that democratises vehicle ownership across Africa. The round was led by global VC, Speedinvest and New York-based Left Lane Capital. There are a host of other investors who participated including DCM Ventures, Clocktower Technology Ventures, the latest ventures, … Read more

The Birth of Abeg app, a Nigerian app for easy and fast money transfer

abeg app

On September 22, Nigeria tech twitter was in a wild activity over the dedication of a fintech application: Abeg App Often times in Nigeria, the pidgin English word “Abeg” is used to plead or beg for something. Using tags instead of traditional bank accounts as its first choice to send and receive money is one … Read more

How Patricia was built from just an idea to a leading Crypto platform.

How Patricia was Built

Patricia is an Africa-centric integrated alternative payment and e-commerce company that facilitates the easy use of digital currencies like Bitcoin, and other digital assets for everyday transactions. Simply put Patricia want to harness the power of Cryptocurrency to create alternative solutions to digital payments and global E-commerce. But let’s see how Patricia was built. Here’s … Read more

10 Top Impact Investing companies in Africa you should know

impact investing companies

Many Impact investing companies and global Impact Investing Network have strung out in Africa within a few years. The African continent has steadily been “cashing out” on Impact Investment for more than a decade now, mostly from foreign direct investment (FDI). However, the Black continent has many emerging sectors and naturally endowed resources that many … Read more

10 Top Angel Investment Network for Startups

angel investment network

Angel Investment Network has always been and will be a major backbone for startups and businesses in their early stage. According to the research conducted by The Small business administration (SBA), it shows that about 90% of startups fail yearly and one of the courses can be narrowed down to lack of funds or finance. … Read more

How Nigerian’s Tope Awotona raises $350m to expand Calendly

Tope Awotona calendly

Calendly, an Atlanta-based cloud scheduling platform founded by a Nigerian born entrepreneur Tope Awotona has raised a $350 million investment, which now values the company at more than $3 billion, according to a Jan. 26 announcement. Talking about the fund round, Boston-based expansion-stage firm OpenView Venture Partners, Iconiq Capital, and existing investor, led the fund … Read more

Oluaka institute of technology commences Admission process

oluaka

Oluaka institute of technology has begun its admission process for students interested in computer hardware engineering, Computer software engineering as well as networking and system security. Oluaka institute of technology is an institute based on equipping graduates with necessary skills which include technical knowledge and skills that are peculiar to the field of technology as … Read more

Blue Tech Empire a growing startup in Nigeria

startup in Nigeria

Blue Tech Empire is a growing tech startup in Nigeria that is focused on training and equipping young people around the world, particularly in Africa, with the essential coding skills required to face the challenges of a Digital World. They believe that African youth will be left behind if they are not carried along in … Read more

Ugandan Bike Hailing Startup, Safeboda Striving in Ibadan Nigerian

safeboda

Safeboda a Ugandan bike hailing Startup in Ibadan, Nigeria making success in Ibadan On Tuesday, January 27, 2020, the Lagos state government announced a restriction and ban on okada, tricycles, and, by extension, bike hailing services forcing various bike or motorcycling hailing companies to move completely to other parts of the country like Oyo (Ibadan), Ondo (Akure), Ogun … Read more

Oluaka institute an empowerment technology institution

oluaka institute

Oluaka Institute a technology Institution in the South-East of Nigeria, Owerri. One of the biggest technological hub and institution in Owerri, Imo State, Nigeria. The Oluaka Institute is a social enterprise established in 2017 to contribute in bridging the gap in practical training, business incubation, and acceleration in the fields of technological innovation and business … Read more

MFS Africa acquires Beyonic,a digital payments Management

images 1

MFS Africa is a leading Pan-African Fintech company, operating the largest digital payments hub on the continent. It is Connected to over 200 million mobile wallets in Sub-Saharan Africa. MFS Africa announced that it has acquired Beyonic, a digital payments management provider of business services for SMEs, Fintech and social impact entities across Africa.It is … Read more

Hubryde: Revolutionizing Africa public transportation system

hubryde g

Hubryde is a transportation technology company assured to revolutionize public transportation systems and operations in Africa, though one city at a time. A transportation-technology company that employs the use of innovative technology to move people from the point of desire to the point of fulfilling a need.Hubryde began operation in January 2020 with Ikorodu to … Read more

Paystack one of the payment gateways in Nigeria, launch an e-commerce platform

Paystack payment gateways in Nigeria

Paystack one of the big payment gateways startups in Nigeria now launch its new e-commerce platform. Paystack Commerce is offering a social commerce product to help them receive payments. Paystack is one of the best payment gateways in Nigeria being used by a lot of individuals and startups in Africa for their payment businesses. On … Read more

Sendcash making half a billion transactions few months after launch

Sendcash

SendCash a digital Platform Built by Mother Company Buycoin, which serves in sending and receiving money in Nigeria using Bitcoin is already making half a Billion Naira transactions after a few months of Launching. After a few months of launch, the digital platform by Buycoin which allows you to send or receive money to Nigeria … Read more

Startups in Nigeria Doing Amazingly well in 2021

images 4 1

The year 2021 has been unfolding different events and happenings. For instance, at the time of this writing, the COVID-19 pandemic has claimed about 393,000 deaths; the issue of racism that has been on the rise is another issue. While big tech companies might have the resource and time to put measures in place to … Read more