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
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 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
Nigerian Fintech mogul, co-founder and CEO of payment platform Paystack, Shola Akinlade launches Sporting Lagos FC (Football Club) ahead of the 2021/2022 season in the Nigeria National League (NNL). With this move, Shola is now the latest football club (Sporting Lagos FC) owner in the Nigerian professional football league at the moment, making his childhood … Read more
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
Developers Career, an African Non-profit organization which supports budding developers in Africa with resources like free courses, work-space, laptops and mentorship is set to kickstart another round of it’s mentorship program where Dev Career supports 50 Africans with free laptops and learning materials. The tech institution launched the program last year giving 22 selected applicants … Read more
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
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
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, 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
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
Mobile-payment platform OPay raises $400 million funding led by SoftBank
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
Leading savings and investment startup, PiggyVest is on course to expanding its local base with the acquisition of a smaller but promising wealth management startup Savi.ng. Although the financial implications of this acquisition was not revealed by the company. According to a medium post released by the company, several talks to buy Savi.ng have started … Read more
Lagos based Nigerian bank API start-up OnePipe has successfully raised $950k in pre-seed funding, According to the startup’s founder and CEO, Ope Adeoye, the round was led by the team at US seed-stage accelerator, Techstars, and African impact-focused VC fund, Atlantica Ventures. Several institutional investors like Future Perfect Ventures, Raba Capital, P1 Ventures, Ingressive Capital, … Read more
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
The Messenger Rooms feature launched by Facebook has been recently integrated into Whatsapp for Android users on the beta update. Late last month, the 24th of April 2020 announced a new feature will be added to Facebook and Messenger app, where users will soon be able to create a video chat room. The announcement was also made … Read more
Tech Companies, Tech startups also helping fight the covid-19. Twenty years ago, you probably might have to wait for the news slot to learn about world happenings. Because television, radios and newspapers were people’s only source of information. Then the internet, smartphones, and digital technology arrived all of which changed the course of communication and … Read more
