What happens when a global powerhouse in startup acceleration suddenly decides to pull out of one of Africa’s fastest-growing tech hubs? After just two years in Nigeria, ARM Labs Lagos Techstars has surprised everyone by shutting down its operations. This also means the third program, which started in March 2024, is now officially canceled. The news […]
Moniepoint has done it again! This Nigerian fintech powerhouse has been on a roll, and in 2023 alone, they handled an incredible 5.2 billion transactions. That’s right – 5.2 billion!
It is a well-known fact that, today, national economies are in perpetual movement and continuous evolution. Economies are constantly changing and startups are undoubtedly one of the most important driving forces behind this phenomenon. Startups have the great potential to disrupt entire industries, spur innovation, encourage more investments, enhance competition, offer new products and services, […]
Lendsqr, a leading loan management software provider, has introduced an on-lending initiative aimed at boosting the capacity of Nigerian lenders to extend credit to their customers. This new initiative will set up a N1 billion line of credit, targeting lenders with state moneylender or cooperative licenses, allowing them access to the capital needed for sustainable […]
In the startup world, many factors contribute to success—solid business plans, clear models, and strategic marketing. However, the true foundation of any successful startup lies in one thing: its team. A cohesive, adaptable, and collaborative team is essential for executing strategies and driving growth. Even the best-laid plans will fail without the right people to […]
From mobile money services to cross-border payments and digital lending, these startups are providing millions of Africans with access to financial services that were previously out of reach.
As the fintech sector continues to grow and mature, we can expect to see even more groundbreaking innovations and positive impacts on Africa’s economic development.
Winich Farms has demonstrated impressive growth, closing 2023 with $30 million in gross merchandise value—a 3x increase from the previous year. Its user base now includes 150,000 farmers, off-takers, and truck drivers, with 139,000 of them being farmers.
If you’re running a WordPress site in Nigeria, pay attention! The National Information Technology Development Agency (NITDA) has issued a crucial security warning about a dangerous vulnerability, CVE-2024-28000, that could affect over 5 million websites worldwide — and yours could be one of them.
Itana is working to give the world a million reasons to believe in Africa. Itana, a trendsetting Nigerian startup, is set to revolutionize Africa’s tech landscape by creating the continent’s first digital economic zone. This bold initiative aims to foster a dynamic environment where tech talent and service-driven businesses can thrive. Itana draws inspiration from […]
We bring exciting news for Africa’s fintech landscape! Regfyl, an anti-money laundering (AML) compliance startup from Nigeria, has just secured a whooping $1.1 million in pre-seed funding. They will use this funding to tackle the pressing regulatory challenges faced by our financial institutions. With investment from industry leaders like Techstars, RallyCap Ventures, and Africa Fintech […]
