After recently pivoting its business model, the South African agritech startup IQ Logistica, which was initially launched as a service provider to government, is now establishing itself as a platform that assists farmers in scaling their businesses more effectively.
MaC Venture Capital, based in Los Angeles, released a statement on Tuesday indicating that the company had invested $2 million in AMP Global Technologies as part of a $5.6 million seed round that the company had successfully raised. AMP Global Technologies is a blockchain-based video entertainment platform.
The mobility industry in Nigeria has been through its fair share of challenges over the past few years, and one of the key players in the industry believes it is time for new talks to address the essential question: how do we map the future of movement in Africa?
At this event, the financial technology company Bitnob was officially unveiled as the official elite sponsor for the Nigerian professional football league (NPFL). This announcement was made at the event.
The first and second sessions of the MTN Foundation's training in information and communications technology (ICT) and business skills were held between April 25 and May 13, 2022. The education intended for three thousand young people
At #TABS22, the four TABS Web3 Hackathon finalists who had registered and developed amazing ideas presented their work live. Here are the three individuals who have been awarded the cash reward of $2,500, which was sponsored by @NairaEx.
Zuri Health, an e-health firm based in Kenya, has successfully completed a pre-seed investment round in the amount of $1.3 million US dollars in order to broaden its product offerings and enter new markets.
According to the model that was developed by Analysis Group, the proportion of the world economy that would be contributed by the metaverse in its tenth year will amount to 2.8 percent.
PiggyVest counts Odun Eweniyi as both a co-founder and chief operating officer. In addition to that, she is a general partner and co-founder of FirstCheck Africa.
Seed funding in the amount of US$3.2 million has been awarded to the mobile-first enterprise software company Bamba, which is based in Kenya. This will allow the company to scale its app and build out its workforce.
Applications are now being accepted for the second cohort of the Google for Firms Black Founders Fund for Africa, which will provide a total of $4 million in investment to be distributed among sixty qualifying startups that were started by black entrepreneurs.
The SEC's crypto laws demonstrate a good knowledge of how the cryptocurrency field operates; yet, the decentralization that characterizes the industry continues to pose a significant challenge to regulatory efforts. Is there any way that we could get around that?
Eversend, a Ugandan start-up company that is a digital-only banking platform that provides cross-border money transfers among other services, will enter what the company refers to as its "growth and expansion phase" in the year 2022, having achieved sustainability the previous year.
GIG Mobility has revealed its new leadership team as part of its strategy to improve the technological services and products it provides.
The Pitch Friday show for the month of May was about as thrilling as they come. The following is a synopsis of everything that took place.
Should we even bother with internet petitions? Why do people participate in them, and what happens when they sign a document agreeing to do so? Learn the answer by reading this article.
The World Economic Forum (WEF) has included six African digital businesses in its list of the 100 most promising Technology Pioneers of 2022. These are companies that are transforming a variety of industries, including healthcare, retail, and many more.
TopUp Mama, a startup based in Kenya that gives African eateries access to supplies, banking services, and tools for managing their businesses, has successfully completed a seed investment round totaling $1.7 million US dollars in order to accelerate its expansion.
Bill payments and USSD integrations will be supported by the upgraded version of eNaira. Even though these sound intriguing, I am curious as to how precisely it will operate and whether or not it will clearly define the use cases of CBDC. We painted a picture of the likely conclusion for this scenario.
According to research conducted by Intelligence by Techpoint, there are more than 270 fintech firms in Nigeria; nevertheless, the question remains whether or not this number is appropriate for the most populous black nation. Figure it out.
The corporation that provides community banking as a service desires for rural credit unions and microfinance banks to "own" and administer impoverished agent banking networks.
There are now six teams competing for a prize pool of $2,500 in the TABS Web3 Hackathon. Solutions ranging from NFTs for authors to digital fashion stores to facilities to manufacture tokens have been submitted by the finalists. Find out everything you need to know about them right here.
How has Y Combinator affected the formation of new businesses, the allocation of capital, and the addition of jobs in Africa? We get a glimpse of what's going on behind the scenes.
How does the decision to leave your home country lead to the formation of a business that connects new businesses with diasporans who are eager to invest in them and provide advice? We discussed his path and his goals for the future with Larmin K. Darboe, the Chief Executive Officer of @OurBantaba.
On Thursday, May 5, 2022, in Lagos, Nigeria, Adaverse and EMURGO hosted an exclusive hangout with startups and players in the blockchain ecosystem.
Saze Ibraheem (@SazeIbraheem), who has been extremely successful in the field of digital marketing for the past ten years, entered the industry when it was not yet widely used. Even if there are others who believe she is taking on too much, she simply cannot fathom settling for less. You may read about her travels here.
TechCabal Insights has recently released a research on early-stage investment in Africa. This analysis was produced in collaboration with Future Africa and The Baobab Network. We examined data spanning over four years of early-stage investments, looking for patterns and gaining useful insights as a result of our work. Take a look at it over here.
Chukwuemeka Fred Agbata, a former journalist and startup coach, has been selected as the Managing Director and Chief Executive Officer of the Anambra State ICT Agency. Could the state become a center for new business startups in the region?
What issues are being addressed by Y Combinator-backed businesses in Africa, which currently number 95 and have received more than $1.3 billion? This article provides a cursory look at the topic.
The Techpoint Africa Blockchain Summit is meant to provide you the opportunity to learn about Web3 while also giving you the chance to experience it. If you are curious about how we intend to accomplish this, continue reading to find out what you can anticipate from Africa's largest event dedicated on Web3.
It's that time of the week again: the Techpoint Pitch Friday train, and you won't want to miss it. On May 13, 2022, get together with other startup enthusiasts and business owners for a networking event.
A rundown of every African startup that has graduated from Y Combinator since the program's inception in 2009.
The Techpoint Africa Blockchain Summit that is taking place this year will concentrate on Web3 and the opportunities that it brings to Africa. We are bringing together some of the most brilliant thinkers in the blockchain industry so that they can share their insights and experiences with one another.
The term "financial literacy" is frequently used in conjunction with personal money, but how can new businesses demonstrate their financial literacy? On a Techpoint Africa Twitter Space, Olumide Adesina and Kalu Aja shared their perspectives.
Where exactly does Africa fit into the discussion around Web3? This is the opinion of an investor, creator, and designer working on Web3. During the Techpoint Africa Blockchain Summit, we will be providing additional details on Web3.
The payments and data API fintech company Stitch, which has its headquarters in South Africa, has just announced the debut of a new product called LinkPay. This product will make it easier for merchants in South Africa and Nigeria to receive payments via bank transfer. The first of its sort in the Europe, the Middle East, and Africa (EMEA) region is LinkPay, which makes use of variable recurring payment application programming interfaces (APIs). While VRPs—which are [...]
Justin Irabor (@TheVunderkind), who succeeded in everything he did before making the switch to software engineering, has established a name for himself in the industry as the person who made the transition from marketing to software engineering. Find out what his plans are for the next five years, given that he has accomplished a lot in less than a year.
Etherisc is offering smallholder farmers with decentralized insurance coverage by utilizing blockchain technology and satellite geolocations. It currently has 22,000 Kenyan farmers as members, and the following is an explanation of how the program operates.
Google's Equiano, a cutting-edge subsea Internet cable, has launched in Nigeria With the right measures, here's how it could change how you experience the Internet in the next three years.
After the opening of Google's new product development center in Kenya, Techpoint Africa conducted interviews with a few local business owners to have a better understanding of how this may influence their capacity to recruit qualified employees.
Lars Seier Christensen, who is the founder of Seier Capital and the Chairman of the Concordium Foundation, recently met with various stakeholders in the blockchain, financial, and technology space.
In 2019, Sultan Akintunde, who was also a co-founder of TalentQL and AltSchool, established DevCareer with the intention of assisting beginners in the field of technology. He has a goal of assisting one hundred Africans in obtaining their first jobs in the technology industry by using a grant of one hundred thousand dollars.
The goal of the Techpoint Africa Blockchain Summit is to make sense of the Web3 commotion, but we also want to recognize and reward Web3 solutions. Do you offer a solution that is based on the web for Africa? Sign up to participate in the TABS Web3 Hackathon. https://blockchain.techpoint.africa/#hackathon
They are unable to gain access to essential financial services because fewer than 55 million adult Nigerians have a Bank Verification Number (BVN). On the other hand, as more startups develop embedded financial solutions, this might shift in the future.
Katapult Venture Capital, which already has two unicorns under its belt, is investing in African firms that are developing answers to food and climate concerns. Techpoint Africa had a conversation with Philip Gasaatura, who serves as the Rwanda Country Director for the company. Keep reading!
We investigated the veracity of two of the most significant charges made against Olugbenga Agboola, founder and CEO of Flutterwave. Our correspondent, Ogheneruemu Oneyibo, uncovered the following information.
At this time, software engineering is one of the most valuable careers available everywhere in the world. As a software engineer, Adora Nwodo (@AdoraNwodo) of Microsoft aims to make the world a better place, and she has a number of different specializations from which to choose as well as a vast number of potential applications. Find out how things are progressing.
This month's edition of not Itty Pitch Friday was an entertaining event, and the following is a rundown of everything that took place during it:
The viral "coffin dance" meme that was created by @nanaotafrija was auctioned off on April 8, 2022, for more than one million dollars. We explain how a video that has already gone viral can be sold for such a high price and what exactly you acquire when you purchase an NFT.
There is still enough time to start studying globally sought-after skills, and here is a list of options to choose from. The ASUU strike of 2022 is threatening to last for a total of ninety days.
The Web3 Engineering tommorow's Internet subject is being explored during this year's Techpoint Africa Blockchain Summit, which is currently underway.
MTN Nigeria was granted final approval to run a payment service bank exactly four months after initially receiving approval in principle to do so.
Unsettling events are taking place as large masses converge at the headquarters of @nimc ng in Lagos. This is in response to a mandate issued by the government of Nigeria to telecommunications companies ordering them to prevent service to users who have not connected their mobile numbers to their National Identity Numbers (NIN)
Attend Techpoint Pitch Friday in April to network with other people interested in startups and potential entrepreneurs.
After twenty years, USSD has maintained its previous format. Despite this, it continues to be the most popular method of banking in Africa. Stax is introducing a long-awaited upgrade to the technology that is underlying USSD, and the company insists that there may be more to USSD than just banking and purchasing information.
On Wednesday, March 30, 2022, NowNow, a rapidly expanding fintech and digital banking platform, held its first engagement with members of the media. NowNow is known as "NowNow."
There isn't a huge market for fantasy sports in Africa, but investors have put $3 million into a business called Eksab, which plays fantasy football. Does this mean there's a chance the industry could become more widespread?
On today's episode of the #TechpointAfricaPodcast, we addressed YC's trip to Sudan as well as a number of other tales. Listen here
How do businesses in Nigeria recycle their waste? Apps? What is this Internet of Things? In any case, we had the opportunity to speak with two founders (@damkad and @wuraapp) that have unconventional ideas that include technology into recycling.
On Wednesday, Andela said it is expanding its offering beyond engineering expertise to include matching in design, data, and product management.
It is currently common practice for new businesses to receive investment in Africa; nevertheless, very few people are aware of what these funding rounds include. Discover the key distinctions between a seed round and a Series A round of funding.
Applications are now being accepted for the fourth year of the Africa's Business Heroes competition, which honors ten of the continent's most successful business owners each year with a portion of a grant worth US$1.5 million. The competition is currently accepting submissions.
Since the year 2012, when it made its first investment in an African business, Y Combinator has put money into over 70 startups throughout the continent. We investigate the thinking that led to its recent investments in East and Northern African countries.
Through its ride-sharing platform, Hytch is making hitchhiking a safer experience for both passengers and drivers.
Interswitch, the most successful integrated digital payments and commerce company with a focus on Africa, recently hosted an immersion session and interactive parley with members of the
Tingo Mobile Plc, on the heels of its success in the agricultural sector with technology that addresses market access and other challenges for Nigerian farmers, announced on Monday that the company has completed a successful initial public offering.
Ukraine has legalized cryptocurrency, while the United States plans to properly regulate it with a new executive order. This is an important turning point for crypto, and I'll explain why.
The availability of loans might be challenging in Africa; however, Lendsqr intends to change this by simplifying the lending process.
It's been two weeks since Techpoint Pitch Friday made its triumphant return. The most important parts are listed below.
Bento Africa's products are excellent and necessary; nevertheless, the two co-founders who are currently running the company are not qualified for their positions.
Engen, a South African petroleum company, has opened applications for its Pitch & Polish pitching competition. The competition will feature sixteen business owners competing for a first prize of ZAR1 million, which is equivalent to $67,000 in American currency.
Because venture financing is still relatively unheard of in Africa, it can be challenging to find and recruit qualified candidates. The fellowship programs that Dream VC offers are intended to be the solution to that dilemma.
People who want to take advantage of financial services that are accessible from the convenience of their own homes can do so through the usage of RavenBank, a digital bank that makes use of technology to provide these services.
In spite of the fact that they are crucial to the expansion of a nation's economy, small and medium-sized enterprises (SMEs) in Africa have a difficult time evaluating funding. Pivo began offering its financial services to small and medium-sized enterprises (SMEs) in the supply chain business in Nigeria.
It is common practice in Africa to hand over monthly salaries at the conclusion of each month. However, Cadana is of the opinion that employees may find it beneficial to receive their salaries earlier. Therefore, it intends to pay wages on demand without charging any interest; but, how does it plan to eliminate such risks?
French giant network operator Orange plans to start offering smartphone financing for its customers in Cote d'Ivoire via a partnership with Yabx and Cofina.
The Nigerian government made the announcement not so long ago that President Muhammadu Buhari has given his blessing to the National Data Protection Board. There is a possibility that it is nothing at all. We are attempting to identify which one it is.
Ozi is a communications as a service (CaaS) startup that assists companies in sending mass messages to their customers using various messaging platforms, such as WhatsApp and others. We had a conversation with Adejumo Azeez, the CEO and Co-founder of the company, on the process of developing the platform using no-code tools.
In Nigeria, verifying a customer's address typically requires the involvement of human agents. The solution provided by OkHi accomplishes this by utilizing the data from smartphones, and the company has just raised a seed extension of $1.5 million in order to expand its services throughout Nigeria.
The process of soliciting financial support is difficult for everyone, regardless of gender, but it is especially challenging for women. In order to gain insight into the process of fundraising as a woman, we consulted seven female entrepreneurs whose businesses have raised over one million dollars. Enjoy.