MTN’s massive entry into the metaverse with 144 plots of digital land

MTN metaverse

Africa’s biggest telecom company, MTN buys 144 acres of digital land in Africarare. (Africa’s first Virtual Reality metaverse featuring digital land) as the first African company to join the metaverse.  According to information from the company’s website and social media handles. The new purchase is in line with MTN’s transitioning efforts to go from just … 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

20 Best No Code Platforms To Build Amazing Startup Products

best no code platforms

No code development can be considered a promising coding technique in businesses in the millennium age when software needs increasingly surpasses the amount of code accessible. The growth of the best No code platforms and Low-code movements worldwide has spawned a multi-billion-dollar company dedicated to making it possible for people who are not technically inclined … 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

14 Best Crowdfunding platforms for startups

best crowdfunding platforms for starups

Through the use of online crowdfunding platforms for startups, the digital era has simplified things to raise cash for your company concept, charitable cause, or personal needs. To date, these networks have raised more than $34 billion globally, with simple-to-use features that ensure a seamless experience for both organizers and supporters. Whatever your motive for … Read more

How Ride-hailing Company Bolt, raises $712m to expand to more countries

bolt

Global ride-hailing Startup, Bolt has raised its biggest funding till date, $712 million dollars (€628m) to aid the company’s expansion goals in 2022.  The investment round was led by Sequoia Capital and Fidelity Management and Research Company LLC with participation from Whale Rock, Owl Rock, D1, G Squared, Tekne, Ghisallo and others— bringing the company’s … 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

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

Building the Future: Imo Economic Summit Group throws weight behind Imo Startups Weekend 2021

Imo Startups Weekend

Imo state-based Victoria Farms and Imo Economic Summit Group has shown their support towards  Imo Startups Weekend which will be held in Owerri Nigeria from Friday, December 3 to Saturday, December 4, 2021. Here’s everything you need to know about the event. The Imo Startups Weekend is one of the biggest tech events held every … 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

Venture Capitalist vs Angel Investors: Which is better

Venture capitalist vs Angel investors

If you’re launching a business and seeking investment funding, it’s critical to understand how numerous facets of the venture finance ecosystem operate. This involves the distinction between Venture Capitalist vs Angel Investors, as well as which one of the two is more applicable to your present stage of business. The financing part of a business … 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

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

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

Andela Clocks 690x499 1

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

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

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

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

Top 5 Startup Incubator Business model you should know

Startup Incubator Business model

Startup incubator business model, just as the medical incubator in hospitals where children are kept for few hours or some days when born, is where startups are conceived and nurtured. Business incubation involves the process in which individuals or organizations provide support for an establishment, most especially startups, to aid their growth. Business incubation helps … Read more

These are 10 Top investors looking for Entrepreneurs

investors looking for entrepreneurs

There are a good Number of Global/International Organization investors looking for Entrepreneurs to invest in, it’s no big news that a lot of Global Startups today rely on these Investors looking for Entrepreneurs to raise funds and support their Startups. Aside from gaining Financial support, most of these impact investing companies give mentorship and global … Read more

Exit strategy and What startups, entrepreneurs need to know about it

Exit strategy 1

An exit strategy is a contingency plan that is executed by an investor, trader, venture capitalist, or business owner to liquidate a position in a financial asset or dispose of tangible business assets once predetermined criteria for either has been met or exceeded. Investopedia In the world of business startups and entrepreneurs are faced with different … 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