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South Africa was the only ecosystem in sub-Saharan Africa to see an increase in average valuations in 2023, according to data by MAGNiTT. Experts explain how the country managed to go against the grain. While…
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Kippa, the financial management startup backed by Target Global, is pivoting from fintech and is piloting a new edtech service that enables anyone to create new online courses or deliver exciting ones in bite-sized formats…
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Pade, a startup that helps businesses manage their HR functions, caused a stir on X (formerly Twitter) when it shared that it paid ₦11 billion ($12 million) in salaries for its clients in 2023. With…
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The Central Bank of Nigeria, through the Nigerian Electronic Fraud Forum (NeFF) is collaborating with the Association of Mobile Money and Banking Agents of Nigeria (AMMBAN) to create a new feature on PoS terminals that…
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Tosin Osibodu, the founder of Chaka, a Nigerian startup that allows retail investors to buy shares from the NYSE and other foreign stock exchanges, has left the business five months after Rise acquired the company.…
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Miden, a Nigerian startup that allows businesses to issue virtual cards to their customers through its API, has been selected for Y Combinator’s winter 2024 batch. Miden is the latest Nigerian startup in this year’s…
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Nigerian traditional banks are making a push into the digital lending market in a move that will pitch them against their digital competitors. For the banks considering this move, a standalone digital lending app means…
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First published 28 January, 2024 We reached the max tolerance for innovation theatre. What comes next? Entrepreneurs, investors, an uncritical media, and government are guilty of what Steve Blank, the Stanford University professor of entrepreneurship,…
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Takealot Group has announced the appointment of Frederik Zietsman as new CEO. Takealot, the South African e-commerce group that reported $808m in revenues for 2023, has announced Frederik Zietsman as its new CEO effective from…
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Moniepoint, one of Nigeria’s biggest payments startups, had a triumphant 2023 despite the multiple issues that plagued the country’s financial services industry. The fintech startup averaged 433 million monthly transactions across its web, mobile, card…
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Livestock Wealth’s lead investor has stated that it did the requisite due diligence before investing R10 million (~$530,000) into the company. The agritech startup, which allows investors to make investments in livestock and farmland, is…
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Access HoldCo, the parent company of Access Bank, Nigeria’s largest lender by assets, is in the final stages of receiving regulatory approval from the Nigerian Stock Exchange (NGX) and the Nigerian Pension Commission to acquire…
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