African tech companies, new and old, raised at least $1.27 billion in 2019, the biggest total yet for a calendar year. This is from a report published by Briter Bridges, an industry researcher. It relies on data on disclosed deals above $1 m curated by Maxime Bayen, a company builder at GreenTec Capital. At least […]
In the last few months, Nigerian fintechs startups have witnessed a flurry of activities that are forcing them to restrategize. From the hundred million dollar investments in rival companies to regulatory pressure, startups know they may have to tweak their approach in the new year to stay competitive. We’re going to identify these over the […]
I would really love to look into the future to see what I can find you know. Especially for tech. There are so many things happening and a lot to anticipate about what could be the next big thing. In 2019, the big things were mobility companies, fintechs, funding rounds, Jumia IPO and stock crash, […]
A year ago, venture capital fund Partech Africa gained attention following its investments in two promising African startups. South Africa’s Yoco provides portable point-of-sale machines to merchants, without contracts or monthly fees. TradeDepot, a Nigerian mobile B2B firm, gives retailers access to a wide range of goods directly available from FMCG factories. Yoco and TradeDepot […]
Venture funding in Nigeria’s tech industry has been growing over the years. Yet most investments have come from funds domiciled abroad. Although VCs are increasingly launching funds aimed at investing in Nigeria and other African startups, only few of them keep their funds in Africa. And this has implications on how startups secure funding and […]
Jiji, the Nigeria-based classifieds listing company, has raised $21 million Series C funding from six investors. The round was led by Knuru Capital, an Abu Dhabi-based venture capital fund that focuses on late-stage companies. Founded in 2014 by Ukrainians Anton Wolyansky and Vladimir Mnogoletniy, Jiji is one of the biggest classifieds listing company in Africa. […]