Zimbabwean fintech startup, Payitup now valued at $20 million
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MTN Nigeria announced yesterday that it has successfully completed the registration of its ordinary shares with the Securities and Exchange Commission. The telco registered 20,354,513,050 ordinary shares of N0.02 each thereby setting in motion the next steps in its planned listing by introduction on the Nigerian Stock Exchange (NSE). MTN is still seeking a permanent resolution to its $2 billion tax dispute with the Nigerian Attorney-general. This quest has received a boost as the court will now listen to its lawsuit against the AGF dismissing an objection from the latter to disregard it.
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Kenyan digital health startup, MyDawa has received $3 million in funding from Africa HealthCare Master Fund. The money will be used to fund the startup’s expansion across Kenya. The Africa Healthcare Master Fund is managed by Asia Africa Investment & Consulting (AAIC) and it invests in the health sector primarily in Sub-saharan Africa. Launched in 2017, MyDawa provides easy access to quality medication. The company now has over 80,000 registered users.
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Regtech company, Intergreatme is looking to raise about $1.7 million for 20% equity. The South African startup is planning to do so through crowdfunding site Uprise.Africa. So far it has raised $52,100 out of the target. Intergreatme offers an identity management solution for users and compliance service for businesses.
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Applications are now open for the Greenpreneurs clean energy challenge. Interested applicants from any of the member countries for Global Green Growth Institute can apply before May 15. Fill this form to apply.
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Uber killed Yellow Cabs. GoKada may kill Okadas by Adedeji Olowe (Trustee, Open Banking Nigeria).
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Cell C has reached an agreement with South Africa’s Free State provincial government to provide its citizens access to public WiFi. The company will create multiple hotspots across the country in partnership with Facebook Express WiFi. South Africans already enjoy free public WiFi in areas such as Johannesburg and Capetown. Here’s a list of the open hotspots in the country.
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| OBTranslate is an AI platform that can translate over 2,000 African languages. The solution was designed by Emmanuel Gabriel. Read the rest of the story here. |
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Zimbabwean fintech startup, Payitup has secured an undisclosed amount in Series A funding from Thawer Fund Management. The new round now values the company at USD20 million. The funds will be used to expand the team and for product development. Payitup was founded in 2017, originally facilitating payments for PayTV.
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| Paystack has launched Decode Fintech, a weekly email summary of curated news and original commentary about fintech in Africa. There’s also a podcast available on the website. Check out the latest issue of Decode Fintech. |
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TechCabal is pleased to introduce its first paid report, The State of Health Tech in Nigeria. This essential report profiles 75 active and 15 inactive health tech startups across 12 subsectors. It further examines the challenges these startups face, the opportunities in the space and makes actionable recommendations for entrepreneurs, investors and regulators to consider. Get the report here.
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– Olanrewaju
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