As part of the process of providing funding, many methodologies for the value of intellectual property are utilized by financial institutions. One of the preliminary concerns that lenders in will have is the
Adham Yehia and Chibuzo Opara founded DrugStoc in 2015 with the intention of addressing the issues plaguing Africa's pharmaceutical supply chain. We sat down with Opara to talk about the health tech startup's path, its ambitions, and its vision, and we had a great conversation.
When you think about toilets, what is the first thing that comes to mind? [Case in point] Definitely not in the tech sector. In any case, @OnomeOneyibo talked to a few entrepreneurs and other individuals who are making incredible strides in the field of sanitation in Africa. Dig in. Or in Japanese, Oagariyo!
Traditionally speaking, there is a significant barrier to entry into real estate investment. Enterprise Hotel, a firm that specializes in fractional investments, has the ambition of changing this by providing Africans with a method to own real estate with a small investment.
A payment functionality has been added to the GIGM app, which is a Nigerian mobility powerhouse. We investigate what this information tells us about the company's plans for its super app.
Gil Sperling (@gksperling) and Daniel Levy are currently working on the development of @flowlivingcom, which will assist real estate developers and agents in automating their advertising on social media. This comes after they exited Africa's sole Facebook marketing partner, @PopimediaSocial.
HAVA'C is a South African investment company that has holdings in Kuda and RecoMed and has previously sold its business to Mailchimp. Techpoint Africa sat down with HAVA'C's Managing Partner, Ian Lessem, to learn more about the firm's strategy when it comes to investing.
Adedeji Olowe (@dejiolowe) has spent the most of his career in the Nigerian banking sector and in technology investment; nevertheless, the accomplishment that stands out the most among his many accomplishments is his work to promote open banking norms in Nigeria.
The following individuals have been selected as finalists for the Techpoint Awards 2021, which recognize Nigeria's most successful active businesses, entrepreneurs, investors, and influencers.
A Series B round of funding brought in $110 million for the B2B eCommerce startup known as TradeDepot. @chigo nwokoma examines what this development means for the continent's troubled eCommerce industry.
Equinix, an Internet connection and Internet data corporation based in the United States, is in the process of purchasing MainOne, a powerhouse in the West African connectivity market, for $320 million at the present time.
Today is #InternationalDayofPersonswithDisabilities, and in honor of this important holiday, we are going to take a look at some technological advancements that could make life easier for people who are physically challenged in Africa.
After the historic pre-seed round that @HerconomybyAGS completed, @eruskkii sat down with @ifedurosinmiE, one of the company's co-founders, to discuss the evolution of the company from a grants and scholarships Instagram page into a women-focused fintech company that raised $600,000 in just twenty-four hours.
Payourse, a cryptocurrency platform located in Nigeria, has announced the closing of a pre-seed funding round in the amount of $600,000. This will allow the company to expand its team and develop new products.
The year 2021 has been a productive one for new businesses in Africa. This year, the continent has already produced five unicorns as of this writing. Following the decline in the volume of investment activity in 2020,
The African financial technology industry has developed in many ways, including the implementation of plug-and-play APIs and recurring payment systems. However, what does the industry have in store for its next uncharted territory? In order to gain their perspectives, we had a conversation with Abdul Hassan (@ijbkid), and @dejiolowe.
After operating independently for close to three years and amassing more than 200,000 customers, the Nigerian cryptocurrency exchange known as Busha has today revealed that it has received a seed investment of $4.2 million. Moyo Sodipo, Chief Operating Officer, discusses upcoming plans.
" Be on the lookout for pastor Eazi! " — @mreazi, on the creative opportunities that lie beyond financial investments in technology [Full Interview]
@chykeofafrica and @ichtrojan developed Thepeer in response to the challenges they encountered while transferring data from one fintech app to the other. Their goal was to enable businesses to share data without interruption.
On November 19, 2021, Torilo, a technology firm with headquarters in the United Kingdom and a presence in Nigeria that develops innovative technological solutions for, held a public offering.
A data privacy violation was found to have occurred at @SokoLoan in August 2021, which resulted in a fine of 10 million being issued by @NITDANigeria. On November 15, 2021, it was announced by the @fccpcnigeria that they would be partnering with several other government agencies as well as themselves. What does this imply for you moving forward?
We gained a better understanding of the significance of technology within the educational sector as a result of the COVID-19 pandemic. Students participated in a variety of online activities, ranging from Google Classrooms to Zoom meetings. But, what comes after this? In what ways does the new frontier present itself for edtech companies?
Kredi Bank is a Nigerian digital bank that is led by a veteran VC professional and an executive who formerly worked for OPay and Kuda. The bank's goal is to help customers gain access to a variety of financial services and products, including savings, loans, insurance, payments, and investments, all through a single platform.
Techpoint Build is the largest technology conference to take place in West Africa, and it brings together significant actors in the African startup scene. With the 2021 edition themed The next frontier just 67 days away, here are seven things to expect.
Meme coins are springing up all over the place and seeing significant price increases. Examples include #Dogecoin, #shibainu, and now $WKD. But do any of them live up to the acclaim? What exactly are meme coins, and why are we to be concerned with them?
Healthlane, a global health technology firm, has officially released its complete suite of preventative healthcare services, which are of world-class quality. The following are some important things that can be learned from the launch event.
The tech media organization @technextdotng has announced its first event, which is going to be called #TechnextCoinference2021. It is scheduled to take place in Lagos on Thursday, December 9, 2021. Register now
The acquisition of the Meddy doctor booking platform in Qatar by the Nigerian company Helium Health is a significant step toward the company's goal of expanding its operations throughout West Africa. The company's Chief Executive Officer and Chief Operating Officer have joined Helium Health's leadership team.
When it comes to seeking funding, the majority of entrepreneurs favor equity financing; however, debt financing is still a good option because it enables business owners to maintain ownership of their companies. We had a conversation with Hani Ibrahim, the Chief Investment Officer at Lendable, in order to learn more about the company's strategy for investing in African business owners.
Kifta technologies was established in Nigeria, and it now manufactures smart glasses, unmanned aerial vehicles (UAVs), and other high-tech defense products and systems for private companies and countries all over the world. We take a more in-depth look at the things that the company does.
Join us as we virtually host the Mayor of Brampton, Patrick Brown, and his team as we discuss opportunities in the city of Brampton, which is located in the province of Ontario in the country of Canada. In addition to this, we will hear from four Nigerian startups that are currently operating in the city.
@nestcoin pledges to make all aspects of crypto available to Africans, from crypto gaming to DeFi and DAOs. Breach, the company's first offering, was released today.
We take a look at the potential impact that the Central Bank of Nigeria's decision to grant MTN and Airtel approvals in principle to operate payment service banks could have on financial inclusion in the country. This decision was met with widespread support after it was announced.
Submit your application to Techpoint Africa. Pitchstorm 3.0 is a pan-African startup competition with the goal of amplifying the work of startups that are pushing the boundaries of what is possible with world-class solutions.
Tory Lanez was able to earn $1 million from the sale of his music as an NFT without the assistance of a record label or streaming service. Henry Coco-Bassey has the same goal in mind for African musicians and performers. He describes how he created Africa's first music NFT and shares his experiences doing so.
MallforAfrica, an online shopping platform based in Nigeria, has ceased its operations across the African continent, and the company may soon undergo rebranding. @eruskkii digs deep into the story of MallforAfrica's hiatus, following a trail of customers complaining of lost funds and rumors of investor discontentment.
In the #FoundersTable interview for this month, @AffiongWilliams, founder of @ReelFruit, discusses her inspirations, goals, and lessons learned as an entrepreneur, as well as offers advice on how to strike a healthy balance between work and personal life while managing a large organization.
In the third fiscal quarter of 2021, Airtel reported total revenue of 1.03 billion dollars. Voice calls continue to bring in the most money, but data sales saw a nearly $100 million increase. Airtel wants to increase the number of customers who own smartphones so those customers will use more data.
Beyond Financial Inclusion: The Digitization of the Naira Through the eNaira by Aderemi Fagbemi and Oluchi Mgbenwelu for @TopeAdebayoLLP ( Techpoint Africa Publishing Partner)
Fundraising is a necessary but unpleasant task for founders of new businesses. How do first-time founders make decisions when they have so few resources at their disposal? As you embark on this journey, we thought it would be helpful to compile a few pieces of advice from some of the most prominent early investors in Andela, 54gene, and Paystack. Dig in.
The launch of the eNaira has been pushed back from its original date of October 1 to today, October 24. The newly published design paper demonstrates that it is compatible with CBDCs originating from other nations.
The 22nd of October is recognized globally as Stuttering Awareness Day. This year, with the theme "Speak the change you wish to see," we consider the causes and effects of stuttering as well as technological interventions, while also taking a look inside the minds of two individuals who stutter.
Just a few short months following the debut of "Pipeline by TalentQL" to teach senior developers, the tech talent firm @TalentQL launched AltSchool Africa to assist complete newcomers in gaining technical abilities and earning a university credential.
In March of 2020, @toyinakint had the idea to make it easier for SMEs to carry out their day-to-day business activities. After waiting another year, he debuted @biz301software in June of 2021. He provides us with a comprehensive overview of the company's 1000 subscription service in addition to other topics.
Although the Data Protection Regulation of Nigeria is supposed to protect individuals' private information, this does not always end up being the case. Motunrayo Ope-Ogunseitan (@tunnie_), a Nigerian lawyer, was kind enough to take the time to discuss some of these ambiguous areas with us.
During a panel discussion that took place on Wednesday, October 6, 2021, as part of the BBC Insider Series, a few players from Africa's fintech sector discussed the progress that has been made by the industry.
@HomefortHQ is making it possible for homes with low incomes to switch to using cooking gas by utilizing digital advances and a pay-as-you-go strategy. Through the use of technology, Homefort is able to reduce the cost of cooking gas for Nigerians.
@healthtracka, a startup based in Nigeria, has joined @Techstars. Following up with @ife adeyemi on expansion plans and what this means for the five-month-old startup, we had a follow-up conversation with her.
Blockchain is being used for more than just facilitating cryptocurrency transactions, as seen by the creation of non-fungible tokens (NFTs), decentralized financial institutions (DeFi), and decentralized autonomous organizations (DAOs) by @BlockchainNG. But to what extent is it safe?
As of June 2021, the rate of inflation for food was 21.83 percent, which is significantly higher than the 15.18 percent rate that was recorded in June 2020 by Nigeria's Central Bank. In honor of #WorldFoodDay, we would like to highlight the work that agritech startups are doing to combat the rising cost of food.
PaySika is working on developing a neobank that customers will be able to use on messaging applications such as Facebook Messenger, WhatsApp, and Telegram. It is three months before its launch, and it already has 20,000 pre-registrations, as well as investors who have backed it with $350,000 in preseed.
Sexuality and sexual health are taboo topics in Africa, which contributes to a wide range of avoidable problems. @latoria ria investigates sexual health as well as the ways in which technology might enhance one's sex life.
Mbwana Alliy of Savannah Fund relocated to Africa to continue her work as a venture capitalist after holding positions at Microsoft and the Defense Evaluation Research Agency in the United Kingdom. He discusses the things he has learned along the way as well as his process for selecting which firms to invest in.
Intelligence by Techpoint has made the decision to alter the format of its reports following some in-depth consideration over the long-term goals of Techpoint Africa.
Egypt's Fawry is leading Sudan's first foreign investment in the country's technology sector in thirty years.
The provision of medical care is an essential component of life. @ife adeyemi, who was left shaken by the untimely passing of a loved one, came up with the idea for @healthtracka.com. The purpose of the startup company is to assist you in maintaining a healthy lifestyle by delivering test kits and results to your home.
In honor of this year's #InternationalDayOfTheGirlChild, we are telling the tales of four incredible women who are carving their names into history by boldly taking on Africa's innovation sector.
How did companies like Netflix, Duolingo, and Airbnb get to the point where they are worth a billion dollars? Three words: growth driven by products. In conjunction with Techpoint Africa and taking place in Lagos on the 14th of October, @netcore cloud will be hosting founders who will offer their perspectives on the model. Submit your application for a chance to attend.
Even with the advent of the Internet, it can be challenging for up-and-coming musicians to attract the attention of music promoters. With the help of his new company, SpinHeard, former music writer Victor Okpala hopes to solve this problem once and for all.
It is anticipated that the federal government of Nigeria would develop an electronic version of the naira that will operate on a private blockchain. To what extent will the CBN have authority over your eNaira wallet, and how open and accessible will this system be?
Equiano, a subsea Internet cable with a capacity of 100 terabits, is about to be introduced by Google. Although there is a possibility that there won't be much demand for this cable right now, Google has stated that it is placing its bets on the next 300 million Internet users in Africa.
It has been said that the educational technology industry in Africa is still in its infancy; however, there are signs that things may soon begin to shift. In honor of #WorldTeachersDay, we decided to investigate how the introduction of new educational technologies has altered the function of educators across the continent.
How Hanu @Fejizzy Abodje built @PatriciaSwitch from the ground up, going from a "urgent" $30,000 to a $50,000,000 exit [Full interview]
The healthcare system in Nigeria is not fully developed, and there is a severe lack of medical facilities across the country, especially in rural areas. Ismail Adejonwo established @iWelloNG_ with the goal of providing Nigerians with access to affordable healthcare for 300 naira.
As the blockchain payments platform @bitmamaexchange looks to expand its product offerings, it has announced that it has raised a pre-seed funding round totaling $350,000. @floriventures was the primary investor in this round, which also included participation from other investors.
Tuteria is an education technology startup that was established in 2014 by two Nigerians. The company's mission is to make learning accessible to Nigerians who wish to learn in all types of educational institutions and acquire skills such as coding and public speaking.
The much-anticipated launch of the eNaira in Nigeria will now take place at a later date. Additionally, the company's website, which only went live a few days ago, is currently inaccessible. This comes as a result of the apex bank being served with a lawsuit regarding the use of the name eNaira. Connection?
The president of Nigeria has once more given Nigerians reason to hope that the indefinite Twitter ban would be lifted. To put it another way, it will continue in this manner until the social media business accepts the terms set forth by the government. What are the repercussions for the general population?
In light of the fact that the Nigerian Startup Bill is not expected to be introduced until October 2021, @eruskkii examines the impact that startup acts have had across Africa, the reasons why Nigeria may never be ready for it, and the reasons why the country needs one regardless. May you have a wonderful Fourth of July!
The event that occurred the week prior prompted @jermah4 to comment to her family that they may "NFT that item o." And they inquired about what NFT is. In this post, she provides a straightforward and understandable explanation of what non-fungible tokens (NFTs) are.
Because dysgraphia has received so little attention from researchers all over the world, it can be challenging for persons who have the illness to pick up coping mechanisms. We address dysgraphia as well as five technological options that may be helpful to individuals who struggle with dysgraphia.
An academic and a thought leader, @ndekekwe is certain that Africa already possesses everything that is necessary to construct its future. By way of @tekedia, he is working to provide African business owners with the financial resources they require to be successful in their ventures.
Eleven countries on the African continent have passed laws that provide their citizens with the right to access public information. A close examination of the past few years, however, reveals how the breaking of these laws has left them in a state of learned helplessness.
@AbakeAdenle is the founder of an award-winning idea that is a voice recognition and speech synthesis software designed specifically for African languages. He gained eight years of experience working in the financial sector in the United Kingdom. This is how her story goes.
Over 16 million children in sub-Saharan Africa are without homes at any given time. The @TheDestinyTrust has a three-pronged mission that focuses on providing care, education, and empowerment through technology. Here is how they plan to get people off the streets.
Although Bitcoin transactions are currently too sluggish to be used for daily spending, Twitter's new tipping function may help popularize a solution called the Lightning Network, which makes using Bitcoin for everyday spending possible.
@stranerds, an education technology startup based in Nigeria, is improving students' academic performance by putting them in contact with peers and tutors. Its mission is to evolve into a comprehensive resource that caters to all of the educational requirements of students.
On September 23 of each year, the "International Day of Sign Languages" is commemorated around the world. But in a world where technology reigns supreme, what does it actually mean for people who are deaf to communicate in this day and age? We delve into all of these topics and more.
The article "#AfCFTA and Nigeria's Intellectual Property market" was written by Mosun Oke and Tolulope Oguntade for @TopeAdebayoLLP, which is a publishing partner of Techpoint Africa.
Africa will have a larger population than China by 2025; however, there are currently 600 million people living in the continent who do not have access to electricity. @ZOLAElectric has the goal of bridging the gap in Africa's electrical infrastructure with the help of its intelligent battery technology.