Microlending platform FairMoney offers small loans of between N1,500 – N150,000 to Nigerian with maturities of 1-3 months. To determine who is fit to receive a loan or not, an algorithm allows the company evaluate an individual’s creditworthiness using two parameters: financial data and alternative data. With financial data, the algorithm evaluates the ability of […]
And now, three years later, the rebranded fully-fledged online-only digital bank, Kuda, has raised pre-seed funding to the tune of $1.6 million from a number of angel investors.
After an intense two weeks of long flights, very little sleep, lots of pitch and networking events, and some fun in between, the second edition of the Pitchdrive Asia tour organised by Co-Creation Hub, in partnership with Google for Startups, has come to an end.
There’s been an emergence of specialized ride-hailing solutions from two-wheelers to auto-rickshaws and very recently, boats. But the sector faces regulatory and infrastructure challenges and it is barely scratching its potential.
Kobo360 is launching in Kenya at a time when the country is gradually becoming a hotbed for freight logistics startups. It faces competition from Lori Systems and Sendy Logistics.
Africa-focused e-commerce company, Jumia has released its financial report for the second quarter (Q2) of 2019. This is the company’s second financial report since it became a publicly-traded company, and there are a lot of sides to the earnings report. Here’s what we know.