11 FEB, 2021
IN PARTNERSHIP WITH
Good morning āļø ļø
While I search for the strength to move from my bed to my desk this fine morning Iām thinking about the UAEās new satellite now in Marsā orbit. If we are leaving this planet, my bags are packed and ready. But while we're still here...
In today's edition:
- Looking to find love?
- The crypto account closures have begun
- Tuning in to IrokoTV
- Show Me The Money
Looking to find love? These brothers can help
To tell the story of the Olatoye brothers, it might be best to start with the idea that gave birth to their company, Trueflutter.
Iāll set the scene.
The year is 2018. Ayo, the older of the brothers, is living in Dubai with his wife Bolaji. His brother Dare flies in from Lagos to pay him a visit.
After years of being away from each other, thereās clearly a lot to catch up on. As they talk about everything from the stress of Lagos to life in Dubai, the night carries on.
Conversations have a way of morphing and soon they are on the topic of Dareās non-existent love life.
That night, Ayo and Dare decided not to make another dating app. There were several of those already. Theirs would be a matchmaking platform.
Dare would end up meeting his wife on the platform. Talk about serendipity.
In this weekās My Life In Tech I speak to them about what itās like in the lovetech business.
Read more: The Olatoye Brothers are making your love life their business
PARTNER CONTENT
Discover unique, thoughtful gifts made with ā¤ļø from Paystack creators in Ghana, Nigeria, and South Africa. Paystack.com/giftguide
They talked about it. Now theyāre doing it.
PARTNER CONTENT
As industry experts and architects of continuity, Vertiv collaborates with customers to envision and build future-ready infrastructure. We leverage our portfolio of hardware, software, analytics, and services to ensure a customerās vital applications run continuously, perform optimally, and scale with business needs.Vertiv | LinkedIn
IrokoTV might be heading to the London Stock Exchange
In case you hadnāt heard, IrokoTV is looking at getting listed on Londonās Alternative Investment Market in the next 12 months.
What are the figures like: The sale would aim to raise between $20m and $30m, and would value the whole business at between $80m and $100m.
In 2020, Iroko made the decision to halt any scaling efforts on the continent and the CEO Jason Njoku attributes this decision to the regionās āweak currencies and the reduced levels of disposable income due to the pandemic.ā
Read more: Nigeriaās IROKO plans to go public on the London Stock Exchange AIM in 2022
PARTNER CONTENT
Wondering how best you can maximize your DStv subscription? Think DStv app!
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With one subscription, an entire family can simultaneously watch different things on multiple devices.
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Show me the money
Ivorian fintech startup Djamo has been selected into Y Combinatorās Winter 2021 batch. This comes with USD 125 K in seed funding as well as further support.
The governments of Ivory Coast and Luxembourg will invest a total of EUR10 million (US$12 million) into Bamboo Capital Partnersā BLOC Smart Africa, a technology impact fund with a target of EUR100 million (US$120 million).
Egyptian Healthtech startup DilenyTech received a non-equity grant of USD 160 K from the Information Technology Academia Collaboration (ITAC) programme affiliated with the Information Technology Industry Development Agency (ITIDA)
Nigeriaās Xend Finance, a decentralised finance (DeFi) platform for credit unions and cooperatives, has topped up its funding round to US$2 million
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