TechCabal Daily – Naspers’ Stock Rises as Demand for Online Services Increases

South Africa’s SMS marketing engagement platform, Mobiz has raised $1million as part of a $2 million pre-Series A round. The startup raised the money from Kalon Ventures Partners while HAVAIC, another SA VC firm, has promised to provide the other half of the target money. Mobiz allows its users to send SMSes that arrives in a client’s inbox looking similar to an MMS. Customers are then sent to a webpage to view the message when they click on a link. The startup claims to have 98% open rates and an average of 15% click-through rates. According to co-founder Greg Chen, it is currently “cash-positive”, with revenue growing 30% month on month — or four times since September last year.

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As a lockdown becomes the new normal in many countries, edtech apps which used to be an add-on to classroom learning are now the only way to learn. While some schools in Lagos are using Google Classroom and Zoom, a new Nigerian edtech company, Gradely is proposing that, for teachers and students, there is a better way to teach and learn. It is looking to differentiate itself by providing teachers with more content to work with. Gradely is competing in a space that has uLesson and Simbibot. Muyiwa spoke with Gradely’s CEO, Boye Oshinaga about their ambition.

Ekechi Nwokah, Founder & CEO at fintech startup, Migo, has joined Endeavor Nigeria’s growing network of high-impact entrepreneurs. Ekechi was selected as one of seven entrepreneurs at Endeavor’s first-ever virtual international selection panel. Endeavor now supports 2,046 entrepreneurs leading 1,278 companies in 37 markets around the world. In Nigeria, there are now 14 companies within its network and it is looking to add close to six companies this year. Endeavor provides invaluable global connections and sometimes capital to its network of entrepreneurs.