Many businesses looking to set up pan-African operations are often met with the challenge of establishing payment services that are appropriate for each country they go to. Most of the payment services merchants working in the continent have solutions that are limited to specific regions, meaning that businesses have to sign deals with multiple providers to cater for the unique preferences of…
Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today.
There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one.
Adaverse Backs Cassava Network With A Seed Investment To Empower African Content Creators
June 2, 2022
Adaverse, a Cardano ecosystem accelerator established to foster the growth of crypto-native projects in Africa, today announced its investment into a seed funding round for Cassava Network, a blockchain infrastructure that empowers African content creators, developers, and…
DriveMe, Nigeria’s leading mobility technology company, announced the closing of a pre-seed funding round with participation from Niche Capital, FM Capital, and a few local angel investors. This funding will aid in their local expansion and product development.
DriveMe is a company focused on driver sourcing, driver verification, and driver pairing for vehicle owners and fleet operators. Driver…
The use of technology or the internet to connect patients to doctors goes as far back as 1994 (PDF) in the MENA region, when Egypt is considered that date is 2002. But wars, doctor and patient resistance, poor infrastructure, lack of funding, poor system quality, and…
With operations spread across Nigeria, Senegal and Ivory Coast, BetaStore, a tech-enabled B2B retail startup, has closed a $2.5 million pre-series A funding round.
The fund will enable BetaStore’s expansion into Ghana, the Democratic Republic of Congo and Cameroon by the…
Leading digital identity and consumer analytics technology company, VerifyMe Nigeria, has launched a digital plate number verification service that verifies motor vehicle and motor owner data instantly via plate numbers.
With products such as license plate verification, VerifyMe continues to bring relevant products to market to help power growth in the fintech, insurance, and services industries.
LESSONS TO LEARN FROM THE DOWNTURN AND PANIC OF THE TECH MARKET BY IYIN ABOYEJI
May 27, 2022
Iyin Aboyeji took up to this Twitter page @iyin.eth to educate people on how to trive in this supposedly trying times. He dropped bullet points and concluded the tweet thread with the Bible verse Jude1:24 “Now unto him that is able to keep you from falling, and to present…
The leading Nigeria fintech platform shares the below on its twitter page:
Hi team We’re partnering with our friends
@VC4Africa
to help women founders of fast-growing startups across Africa to access capital to grow their products. If this is you, apply here to get…
Traction, a Nigeria-based fintech, thinks it can solve this problem using its proprietary solution.
The company provides an app that business owners can use to accept payments, generate invoices, manage inventory, and track payments. It also enables the merchant’s employee’s to confirm payments without having to call their employer.
However, beyond this, Traction has a unique feature which…