Startup News
Nigerian Startups Face Financial Struggles, with 49% Earning Under ₦10 Million a Year
TLP Advisory has revealed that 49% of Nigerian startups, founded in the last decade, generate less than ₦10 million ($6,000) in annual revenue. This degeneration...
Nigeria’s Tramatch launches beta to democratize love
Finding a lover doesn’t have to be difficult. With the advent of technology, it can be lot easier and seamless. There has been a new...
Moniepoint Secures $110M to Drive Financial Inclusion and Business Empowerment Across Africa
Africa’s fastest-growing fintech, Moniepoint, has raised an impressive $110 million in equity financing, to ensure expanded digital payment and banking services that will benefit...
Meta launches Threads as new app to compete with Twitter
Meta, the parent company of Facebook, has introduced a new app called Threads as a direct competitor to Twitter's dominance in real-time conversations. The app,...
Lendsqr Unlocks $600,000 Capital Pool to Fuel Growth for Nigerian Digital Lending ecosystem
A digital lending software platform in Nigeria fintech, Lendsqr, has revealed that it is injecting $600,000 (NGN1 billion) into the Nigerian lending ecosystem. The donation...
Female Founders on the Rise: 20 Finalists Chosen for Future is Female Mentorship’s 5th Edition
A public relations (PR) and communications training programme, The Future is Female Mentorship Programme, has announced 20 remarkable finalists for its fifth cohort. The selected...
Feegor Appreciates Wema Bank’s Hackaholics 5.0 Over N50 Million Winner Prize
The winner at Wema Bank’s just concluded Hackaholics 5.0 has appreciated the commitment of Wema Bank’s crew in holding such brain-driven event. The event which...
Egypt’s Hollydesk secures $1M: Why it matters
Hollydesk, an Egyptian expense management platform, has secured $1 million in venture debt investment to scale its venture in Egypt, helping small and medium-sized...
Acquisition to the rescue as Kenya’s logistics startup, Sendy, shuts down
Kenya’s end-to-end fulfillment platform that connects manufacturers, distributors and e-commerce businesses directly to warehousing facilities, is shutting down. The development comes as the logistics service...
How AeroCloud’s $12.6M Series A funding round may open opportunities for tech talents
Worldwide, closing a funding round comes with a new feel for companies, especially a tech company that has been looking to scale its product...
Kenya’s Jumba secures $4.5M amidst intense competition in Africa’s Booming Construction Industry
Kenya's B2B construction tech startup, Jumba, has secured a $4.5M seed round, as it goes on to attract significant attention from industry players and...
Bolt’s €500M raiser may heat up competition amongst rivals: Here is why
A fresh war amongst ride-hailing companies may be looming with multinational ride-hailing company, Bolt, raising €500 million ($530 million) to invest in Africa over...
