Fintec Labs raised $2 million in funding from ABSA
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Fintec Labs, a South African fintech incubator, has raised ~$2 million in funding from ABSA Bank, per Digest Africa. Fintec Labs previously raised ~$2.4 million in Series A funding from an undisclosed investor in 2018 and considers itself a “B2B technology provider to major banking and insurance enterprises in South Africa”.
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| Quartz Africa has published its list of young African innovators to watch out for in 2019. They include Senegal’s Sarah Diouf, founder of ready-to-wear brand Tongoro; Ethiopia’s Betelhem Dessie, a 19 year-old developer advocate; and Silas Adekunle, founder of Reach Robotics and a pioneer in gaming robots. |
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| Techzim did a report on Zimbabwe’s new drone policy. There are $50 dollar licenses, “18-only” age limits and a log-book requirement. Check it out, seriously. |
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| Important announcement from the Federal Airports Authority of Nigeria (FAAN): The current Yellow Cards, which you get through a visit to a Port Health Service Office and less than a thousand Naira, will no longer be valid from April 1, 2019. The new “eYellow card” MO will involve registration on a website, N2000 and a visit to a Port Health Service Office. The FAAN did not give a reason for this sudden, more cumbersome change and our efforts to see who got the contract didn’t yield fruit. |
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| Applications for Passion Incubator’s Startup World Cup challenge close today, January 4, 2019. Entrepreneur and investors/corporate can learn more and apply here. |
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| Hardware Lagos, a community of hardware makers and entrepreneurs, is organising a three-day conference on hardware product development between April 4 – 6, 2019 in Lagos, Nigeria. You can register or find more information here. |
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| Join us at TC Townhall: The State of Healthtech in Nigeria holding on January 18, 2019. The event will convene some of the leading healthcare innovators, investors and policymakers to discuss the challenges and opportunities in the sector as well as put together proposals to support the growth of the sector. Our theme panel includes healthtech entrepreneurs with a wealth of experience, investors and government representatives. There will be a legal workshop and we will also unveil our Nigeria Healthtech Industry Report. Sign up here so we can notify you when registration goes live. |
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That’s All.
Have a great weekend. We’ll see you next week.
– Akindare.
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