Digital savings company, Piggybank.ng, which helps users save with ease directly from their bank has raised investments funds totalling $1.1 Million. LeadPath Nigeria (led by Olumide Soyombo), Village Capital and Ventures Platform were part of the investors with the latter two contributing $50,000 each. In addition to closing the seed funding, Piggybank announced a new […]
Financial services platform, Lidya, which has its aim on improving access to credit for small businesses, has just announced raising $6.9m in Series A funding. Recall that some 14 months ago, in March 2017, the startup was said to have raised up to $1.25m in seed funding. Omidyar network are the leaders of this latest […]
Cellulant, a platform that provides end users easy, reliable and secure access to mobile and payment services from their mobile phone and through an expansive agent network, has raised $47.5 million from a consortium of investors. Some of these investors include the Rise Fund, the impact fund run by private equity group TPG Growth, Endeavour […]
Touchabl, an AI based picture touching and identification app which prides itself as “Shazam for pictures” and launched officially nine months ago in Port Harcourt has successfully secured seed funding of US$ 20,000. This fund is to be used for further product development as well as aggressive marketing. The app has so far brought a […]
The importance of venture capital firms in business cannot be overemphasized. Especially in Africa, where there is limited startup capital when compared to the western world. Tunisian-based private equity fund AfricInvest has had their hands full with raising funds in a bid to launch a €120-million fund to invest in innovative new ventures across the […]
It is quite uncommon to see venture capital firms focusing their search on founders from a particular race or colour. Well, you just got one. Backstage Capital as a venture capital firm, invests in the best underrepresented founders. In their own beliefs, some of the most successful companies in the future will be founded by […]
Cloud accounting startup, Accounteer, came first in the MEST Africa Challenge which held on Saturday at the MEST Africa’s Lagos incubator in Ikoyi. They emerged winner amongst seven other non-MEST startups. As a result of this, Accounteer is guaranteed a place at the MEST Africa Summit in Cape Town which would come up in June. […]
Venture capital firm, Partech partners have led a $3 million Series A investment in TradeDepot, an innovative SaaS platform for FMCG distribution in Africa TradeDepot, which was founded in 2016, has developed a solution for various participants in manufacturing and trade. From manufacturers, distributors and retailers, the solution has caught the eye of some first […]
Africa’s Talking, the Kenyan based enterprise software company, has recently raised $8.6 million Series A . This new financing was led by IFC Venture Capital, and other companies like Orange Digital Ventures and Social Capital. According to the CEO, Samuel Gikandi, The money raised by the software solutions comapany will be used to hire and build […]
Look, entrepreneurs, funding is your problem, it’s not just number 1. Thing is, if you take a poll from startup founders, asking what their major present problem is, chances are they say funding. Well, while I agree that funding should be a problem, in fact it is a problem, you, as a startup founder have […]