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 Nigeria’s Myaza is Using Stablecoins to Fix Africa’s Cross-Border Payment Problems
In 2022, Charles Archibong faced a decision to relocate to Europe for a stable, well-paid role, or remain in Nigeria to pursue an uncertain idea. He chose the latter. Two years on, that decision has materialised into Myaza.
Myaza is a cross-border payments platform built on stablecoin infrastructure, designed to make moving money across African borders as seamless as sending a message.
The company has already processed more than ₦3 billion in transactions within its first year, without spending on paid advertising and is now targeting that same volume in a single day.
“From one customer, word of mouth spread. It was quite shocking that the little comments, the little videos we were creating, were actually making an impact in our numbers,” Archibong said.
Other Tech News Stories You Should Read:
Business Corner: Why You Should Start a Fintech Startup in Africa and How to Launch It. Read now.
Omnix Combines AI, Engineering and Data in New AIoT Offering for Enterprises. Read now.
Kenya’s Innovate Now Expands Assistive Technology Accelerator, Placing Persons with Disabilities at Centre of Innovation. Read now.
On Startup Spotlight:
Nigerian Startup, Trazo Launches ‘Pay-for-Me’ Feature to Scale Food Delivery Across the Country
After six years of building a loyal customer base across Asaba and Warri, food delivery startup OliliFood has rebranded to Trazo. Central to Trazo’s new offering is a feature designed with local user behaviour in mind: “pay-for-me”.
The tool allows users to select items and generate a payment link, which can then be shared with the intended recipient. The recipient completes the payment directly, removing the need for intermediaries to handle transactions.
The feature simplifies a common scenario in Nigeria’s urban culture, purchasing items for friends or family in another location, while also reducing friction in the payment process.
The change marks the company’s transition from a food-focused delivery platform into a broader, multi-category service designed to handle a wide range of everyday needs, from groceries and pharmaceuticals to home services such as laundry, cleaning, and personal care.
“We are trying to make speed a thing, make payment processing a thing, make location accuracy a thing, and also make accessibility to other services a thing,” co-founder and chief executive Nweze Ikechukwu says. “We are building Trazo to be that lifestyle utility service,” he emphasises.
Quadri Adejumo brings you all the details. Read here.
Also Read:
A15 Secures Ninth Exit as Egypt’s PopArabia Acquires Viral Wave, Expanding Music Power Play Across MENA. 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
