Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies financial and payment solutions to Nigeria’s largest …

BRCK has long been on a mission to create an onramp to the internet for people who can’t afford it regularly.  To this end, we built the SupaBRCK that runs the Moja Network, and then started expanding that service in Kenya and Rwanda.  Moja is about getting everyone online, even if you can’t afford it, by having businesses buy services …

SA tech company Xineoh has closed a $500 000 equity funding round and is now exploring opening a second office in Canada — in Toronto — the startup’s CEO and founder Vian Chinner revealed today. The company, which Chinner (pictured above) founded in 2010 and uses artificial intelligence (AI) to predict customer behaviour, already has offices in Canada’s Vancouver — as well …

First of I want to Give thanks to God, our readers, supporters, other tech media blogs, my co-founder, ya’ll are the reason we are still standing strong through the journey. Basically When you are a one runner, you carry the company load alone, what if the weight becomes a burden and you really feel like hanging the boots, quitting and …

Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. Founded in 2014, Andela connects Africa’s engineering talent with the demand for software developers …

Goodwell Investments has acquired a share in Copia, a  promising ecommerce business that specializes in supplying products and services to currently underserved consumers in rural Kenya. Copia has great potential to expand in that country and other emerging rural markets across Africa and beyond. Copia supplies products and services to “Base of the Pyramid” (BoP) consumers. Through a combination of …

After Running an Event in Africa for the second time in Lagos, Nigeria: Techcrunch Startup Battlefield Africa  where 15 companies took part in competing for the $25,000 equity free grand prize and a chance to attend the TC Disrupt 2019 in SF. The winner of the event was M-SCAN from Uganda, which develops portable mobile ultrasound devices (Ultrasonic probes) that are laptop, …

PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday. The companies declined to disclose the amount of the investment, but Tala said it will use the funding to further develop its product and broaden its reach. Based in Santa Monica, California, …

Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors. Founded last year by Hussein Mahmoud El-Terawy and Hassan Selim, HitchHiker likes to call itself a social network (available as an Android and iOS app) that connects people wanting to ship something from Point A to Point B internationally with …

Make-IT in Africa, an African initiative that is currently operating in Kenya and Nigeria to support entrepreneurs by explaining to them how to access capital and foster on financial opportunities by sharing information. The initiative is also purposely working to match startups and investors by introducing funding instruments and sharing investors directories. Through their partnership with Allied Crowds and Victoria Ventures, …