Raising | TechCabal

raising

Why building your company, NOT capital raising, is your number one priority

Cabal, Funding, startups, Venture Capital

Lexi Novitske

5th May 2016

Here are the 4 truths that no one ever tells you about raising capital.

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HMD Global unveils new Nokia C, G, and X Series

Uncategorized

Edwin Madu

9th April 2021

HMD Global, makers of Nokia phones, have announced six new Nokia Android phones in a live stream. Florian Seiche, CEO of HMD Global, began the event by addressing the brand’s new identity. Why would you buy a Nokia phone? “Our fans are clearly telling us that there are three main reasons. They love it, trust […]

SEC’s new rule for online investment and trading platforms brings back familiar regulatory scare

Features

Olumuyiwa Olowogboyega

9th April 2021

Section 67-70 of the same act and Rules 414 & 415 of the SEC Rules and Regulations say that only foreign securities listed on any exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public.

The hidden costs of NCC’s suspension of SIM registration

Features

Olumuyiwa Olowogboyega

9th April 2021

On Wednesday evening, *Femi, the owner of a last-mile delivery service in Lagos sent me a text; “is there any way I can get a SIM card? I have been trying for weeks.”
With no SIM cards, he cannot move forward with his plan to extend his company’s services to Abuja.

Paymob raises $18.5m in largest Series A for an Egyptian fintech

Venture Capital

Alexander O. Onukwue

8th April 2021

In August 2020, Egyptian fintech Paymob announced that it raised $3.5 million to improve its capacity and acquire more merchants to use its payments services. That mission has now received additional funding, bringing the startup to a formal Series A close of $18.5 million. The round was led by Global Ventures, a venture capital firm […]

Facebook data breach: Over 533 million users affected, here’s what to do if you’re one

Features, News

Daniel Adeyemi

7th April 2021

On Saturday, the personal data of over 533 million Facebook users were published in an online forum used by cybercriminals. “The exposed data includes personal information of over 533 million Facebook users from 106 countries. Including over 32 million records on users in the US, 11 million on users in the UK, and 6 million […]

Gokada’s new CEO on expansion, Okada ban and competition

Features

Daniel Adeyemi

7th April 2021

Last month Gokada announced Nikhil Goel as its new CEO. He’s been responsible for leading the Nigeria-based last-mile delivery, logistics and transportation start-up since Gokada tragically lost its founder, Fahim Saleh, in July 2020. According to Gokada, Goel has helped the company increase its revenue by 10X and grow its delivery order volume by 100X, […]

Sawari Ventures and Algebra Ventures stake $150m on North African startups

Funding, Venture Capital

Alexander O. Onukwue

6th April 2021

One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up investments in startups across the North Africa region. Depending on the prevailing conversion rate, Sawari’s raise is at least $63 million or up to $71 million. Either way, it is a giant leap […]

Why is Airtel selling 11.25% of its $2.65 billion mobile money business?

Features

Olumuyiwa Olowogboyega

6th April 2021

For Airtel, the goal is clear; it wants to grow its mobile money business without incurring more debt. At the end of 2018, the company’s debt stood at $7.7 billion