Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: How Nigerian Startup, Rayda, is Helping Companies Buy, Track, and Recover IT Equipment Across 170+ Countries
Nigerian startup, Rayda, is helping global companies buy, store, manage, and recover IT equipment for employees across multiple countries.
Founded by Francis Osifo in 2022, the startup addresses the challenges of sourcing and deploying IT hardware for distributed teams.
By building partnerships in over 170 countries, Rayda enables businesses to streamline procurement, logistics, warehousing, and asset recovery, while maintaining competitive pricing and compliance with local regulations.
“The thesis was that eventually, we would do everything else, but we wanted to build that one platform where companies could get visibility into all of their assets because we didn’t have that visibility,” Osifo said.
Other Tech News Stories You Should Read:
Market Expansion: South Africa’s Float Raises $2.6 Million to Boost Card-Linked Instalment Platform. Read now.
How Olufemi Ayandokun is Designing Inclusive Tech That Works for Everyone in Nigeria. Read now.
How to Buy and Ship iPhone 17 to Nigeria: A Complete Guide. Read now.
On Startup Spotlight:
PayU Kenya Shuts Down After Six Years of Operations – What This Means for African Startups
PayU Kenya, a subsidiary of payments and fintech company PayU, has begun liquidation proceedings, marking its exit from the Kenyan market after six years of operations.
A public notice confirms the shutdown, and also the appointment of Sonal Tejpal as the company’s liquidator, effective August 19, 2025.
The decision to shut down was filed under Kenya’s Insolvency Act and published in a local newspaper. Tejpal will now oversee the winding up of PayU Kenya’s affairs, including settling outstanding liabilities and managing claims from creditors.
Techparley’s Quadri Adejumo details how PayU Kenya’s shutdown highlights the challenges for global fintechs while creating opportunities for African startups to innovate in digital payments.
Quadri Adejumo brings you all the details. Read here.
Also Read:
AI in Africa: How Yamify’s Launches to Put African Developers at the Heart of the AI Boom. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
