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

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

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

PayDay hits over 17,000 users six months after launch

payday

PayDay hits over 17,000 users six months after the launch of the Fintech startup, based by Nigerian entrepreneur, Favour Ori has become the primary Rwandan organization to enroll in the distinguished Techstars Toronto Accelerator software in 2021. Top Reasons for Employee Turnover What is Payday? Payday is the quickest and most efficient way to generate … Read more

African e-learning platform Edukoya closes $3.5m, ‘the largest edtech pre-seed round in Africa’

edukoya

Edukoya is an Africa-focused e-learning platform focused on providing quality secondary education in Nigeria through technology. The edtech startup has raised $3.5 million funding, the largest pre-seed round to be recorded for an edtech company in Africa.  The pre-seed round was led by Target Global with notable participation from angel investors including European and African … Read more

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

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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

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 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

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

Andela becomes the Latest Unicorn in Africa at $1.5 billion Valuation

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Andela, an initially African-based software engineering tech-talent startup that connects tech talents to companies, has secured $200 million series E funding led by SoftBank vision Fund 2, the venture capital arm of the Japanese business empire. The round now values the startup at $1.5 billion.  Andela has now become the latest African-focused startup to change … Read more

Twitter Ban Update: We will reverse twitter ban very soon- Lai Mohammed

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The Nigerian government has once again come out to raise the hope of Nigerian youth on its decision to rescind the ban on twitter in the country. The government gave the Twitter ban update, they said they are “very very close” to lifting the Twitter ban, which has now lasted for more than 100 days. … 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

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

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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

Y Combinator Application: Amazing 5 Nigerian fintech startups backed by the Y Combinator

Y combinator

Since 2009 till date at least more than 20 Nigerian fintech startups have been admitted through the Y Combinator Application, it says a lot about the fintech eco-system in Nigerian and great talents in the Continent. In the 2020 winter batch of the Y Combinator Application, about 12 African Startups were admitted into YC out … Read more

Know The Top 20 Reasons Why Startups Fail

reasons why startups fail in nigeria

In the past few years, Nigeria has experienced 61% of the startup’s failure in the business sector, so we make findings to know the reasons why most startups fail. Most startups in Nigeria barely makes it to the next stage of business before going down the drain. Yes, there are great untapped business markets in … Read more

Startups in Nigeria Doing Amazingly well in 2021

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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