DEMO Africa launches its startup investment arm – DEMO Ventures hi

DEMO Ventures, which would act as an investment arm for DEMO Africa has been launched. The venture will leverage off a database of over 3,000 early-stage enterprises built by the African tech startup launchpad event and has raised up to a US$100 million fund. After talking with private equity firms, pension funds, development finance institutions […]

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In-ride advertisement startup, TaxiTV raises undisclosed amount of seed funding

Beta Ventures has led a seed funding round in a Lagos based advertising technology startup, TaxiTV. The amount of the fund invested in the in-ride entertainment system startup is undisclosed. TaxiTV was founded in October 2017 by Akinbola Asalu, CEO, and Dami Osiyale, COO. TaxiTV go about their advertising by providing advertising channels for corporate […]

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Digital loaning provider, Branch raises Sh350 million for further expansion

A Sh350 million capital investment has been made in Banch International, a financial services firm with operations in Kenya, Nigeria, Tanzania. The investment would be used to further expand its services in Kenya. Even as the firm is currently testing the Mexican and Indian markets. “The rapid growth of smartphone adoption, paired with the affinity […]

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First Bank unveils digital lab for FinTech collaboration in Yabacon Valley, Lagos

As a platform for the bank to collaborate and advance with the rapidly evolving Financial Technology (FinTech), First Bank of Nigeria limited has unveiled its first digital Lab at “Yabacon Valley,” Yaba, Lagos. The digital lab was born out of a sheer determination to excite users with upcoming products and services while improving their overall […]

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Liquid Telecom & Afrinolly partner to launch startup support & training programmes

Liquid Telecom group has announced a partnership with innovation hub network AfriLabs. A partnership which is aimed at exploring new ways of supporting startups and promoting sustainable innovation across Africa. The series of joint programmes from digital skills training and workshops to accelerator competitions are designed to accelerate growth within the region’s tech startup communities. […]

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Paylater launches PayVest, to provide investment opportunities for users

Digital loaning platform, Paylater has now launched PayVest. A feature that allows users to invest their money with the company and provides the flexibility, convenience and stability you need, at one of the best interest rates you’ll find available – 15.5%. This interest rate by PayVest is quite large and asides being above the inflation […]

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