The closure of the United States-based Silicon Valley Bank, the bank of choice for many venture capitalists and startups, may affect Nigerian startups according to industry players.
On Wednesday, March 8, SVB surprised investors with news that it was seeking to raise $2.25bn to maintain liquidity. Within the next couple of hours, a bank run occurred after VCs advised their startups to withdraw…
Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.
March 3, 2023
In furtherance of its commitment to bridge the $42bn gender finance gap in Africa, HerVest, a fintech dedicated to providing financial inclusion for women through a Gender Lens Investment (GLI) approach, has launched its revamped digital app to deepen access to financial…
LifeBank signs partnership to use AI to enhance patient outcomes in African hospitals.
March 3, 2023
In line with its objective of building an agile supply chain for Africa’s healthcare industry, LifeBank has signed an agreement with benshi.ai, a Barcelona-based Artificial Intelligence (AI) organisation to use its AI and Machine Learning (ML) platform to improve the…
Wynk Limited, a tech startup firm, has unveiled its lifestyle App, “The Wynk Lifestyle Super App” with the aim of making life easier through providing solutions to diverse economic needs.
The firm, in a statement, said the app is a cost-effective solution to everyday challenges ranging from financial services and fintech, domestic and cross-border payments, healthcare services delivery…
With $15 million in edtech accelerator funds, CcHub will support 72 startups in Nigeria and Kenya
February 21, 2023
CcHUB, a well-known African innovation hub, has announced plans to launch The Edtech Fellowship Program, which will provide $15 million in funding to edtech firms in Nigeria and Kenya.
The program’s goal is to develop a new ecosystem of edtech businesses that will…
Towntalk Solutions Joins First Lagos-Based Techstars Program and Expands Offerings with Area! by Towntalk
February 21, 2023
Towntalk Solutions, a prominent data intelligence firm, is one of just 12 startups chosen for the inaugural cohort of the ARM Labs Lagos Techstars Accelerator Programme. Towntalk Solutions is part of a cohort of 10 Nigerian and 2 Kenyan firms, with 50% female CEOs, that is…
Chipper Cash, an African startup cross-border payments company, reportedly laid off 140 employees, or more than a third of its workforce.
Although 15% of those impacted are Nigerians, the layoffs affected workers from IT, engineering leadership, engineers, technical programme managers, and analysts.
This move follows a prior 13% personnel reduction in December 2022, when 50 employees from the…
Flance, an employee benefits company serving Africa’s gig economy, has announced a collaboration with leading ride-hailing platform Bolt that provides Bolt drivers in Nigeria with access to discounted healthcare plans. Through this collaboration, Bolt driver-partners can…
Nigerian undergraduates founded JEAY to offer the country with affordable and accessible healthcare.
February 21, 2023
Jesutoni Omiye attends Ekiti State University in Ado Ekiti, Nigeria. He has sickle cell disease and always goes home when he is sick to be treated by his mother, a nurse.
There is no denying that the internet has changed the way we live. He was in tremendous pain and…
Two Nigerian startups received $300,000 after attending the 2nd LEAP Technology Expo in Riyadh, Saudi Arabia.
Two startups are RiceAfrika Technologies and Wicrypt Technologies.
They became winners in various categories of the rocket fuel competition, which was attended by Professor Isa Pantami, Minister of Communications and Digital Economy.
More than 10,000 startups from different countries have…