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Category: Lagos

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC 0

4G LTE / africa / Artificial intelligence / Bosun Tijani / cchub / ceo / China / copia / countries / e-commerce / e-tailer / economy / edtech startup / ethiopia / Finance / financial technology / food / Ghana / huawei / Interswitch / isp / jack dorsey / jack ma / jumia / kenya / Lagos / Lori Systems / Mitchell Elegbe / mobile device / Nigeria / Opay / Opera / paga / PalmPay / South Africa / Square / TC / TechCrunch / Tizeti / Transsion / Uber / Uganda / United Kingdom / VC / Verve / visa

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly...

Sim Shagaya’s uLesson African edtech startup raises $3.1M 0

africa / Android / ceo / countries / e-commerce / east africa / edtech / Ghana / Google / harvard / internet service / kenya / konga / Lagos / Netflix / Nigeria / Omobola Johnson / TC / teacher / United States / west africa

Sim Shagaya’s uLesson African edtech startup raises $3.1M

Nigerian founder Sim Shagaya is back with a new startup —  uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, culture-specific...

Opera’s Africa fintech startup OPay gains $120M from Chinese investors 0

africa / CFO / chairman / China / consumer internet / countries / e-commerce / economy / financial technology / food delivery / Ghana / GSR Ventures / IDG Capital / Interswitch / jumia / kenya / Lagos / Meituan-Dianping / Nigeria / Norway / Opera / Rocket Internet / search engine / sequoia china / Series A / Softbank / South Africa / TC / transportation services / web browser / WhatsApp

Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale...

PalmPay launches in Nigeria on $40M round led by China’s Transsion 0

africa / ceo / China / economy / ethiopia / Finance / financial services / financial technology / Ghana / Lagos / latin america / Lori Systems / M-Pesa / MediaTek / money / netease / Nigeria / paga / smartphone / smartphones / spokesperson / TC / Tecno / Transsion / United Kingdom / visa / vodaphone

PalmPay launches in Nigeria on $40M round led by China’s Transsion

Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and...

Chaka opens up global investing to Africa’s most populous nation 0

africa / Airtel / api / ceo / countries / Dartmouth / E-Trade / economy / Finance / financial technology / investment platforms / Lagos / Michael Seibel / NASDAQ / Nigeria / online fraud / p2p / Startup company / TC / Y Combinator

Chaka opens up global investing to Africa’s most populous nation

Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries....

Nigeria’s Interswitch confirms $1B valuation after Visa investment 0

africa / business incubators / ceo / e-commerce / economy / entrepreneurship / Finance / Fintech / Interswitch / jumia / kenya / Lagos / London / money / Nigeria / Private Equity / TC / Uganda / unicorn / Verve / visa

Nigeria’s Interswitch confirms $1B valuation after Visa investment

Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the most valuable African fintech businesses...

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria 0

4DX Ventures / 4G / africa / broadband / countries / Facebook / Ghana / Internet / internet penetration / internet service / isp / kenya / Lagos / Nigeria / smartphone / South Africa / TC / Tizeti / wi-fi / World

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria

Nigerian internet service provider Tizeti has launched its first 4G LTE network. The Y-Combinator backed startup — that uses solar powered towers to deliver net connectivity — has built its premier 4G capable tower...

TechHubsinAfricain2019 Briter Bridges 0

africa / Asia / business / cchub / ceo / Co-Creation Hub / Europe / Facebook / Google / iHub / kenya / Lagos / Nairobi / Nigeria / San Francisco / TC / United States / web developers

Bosun Tijani talks strategy as CEO of Africa’s new largest tech hub

With CcHub‘s acquisition of iHub in September, Nigerian Bosun Tijani is at the helm of (arguably) the largest tech network in Africa. He is now CEO of both organizations, including their robust membership rosters,...

Sowore Court 0

africa / Amnesty International / countries / digital media / Lagos / new jersey / New York / new york city / Nigeria / president / social media / TC / United States

Sahara Reporters founder Sowore remains detained in Nigeria

The founder of African investigative digital media site Sahara Reporters Omoyele Sowore remains detained in Nigeria on charges including treason, his wife Opeyemi Sowore told TechCrunch. Her husband founded Sahara Reporters to create and...