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 …

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 …

A peer-to-peer edtech platform, an on-demand service marketplace, as well as a proptech company are among the 10 startups that will pitch at next week’s Startup World Cup 2019 Nigeria regional final. The Startup World Cup is global startup pitch competition which is held by Silicon Valley based venture capital firm Fenox VC,with a $1-million dollar investment prize. The regional final will take …

Sanofi, a major player in innovation in Africa, is launching three challenges for African start-ups to find innovative solutions to improve access to healthcare and transform the health ecosystem throughout the continent. These will be pitched at VivaTech, an annual technology conference, dedicated to innovation and startups, held in Paris, France and will take place in May 16th to 18th, …

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, …

Africa’s most valuable company is putting more of its vast war-chest of investment dollars to work in South Africa. Naspers, the Cape-Town based giant, has announced plans to invest $314 million in tech businesses in South Africa over the next three years. Of that amount, around $92 million will be committed to Naspers Foundry, a startup fund for tech businesses. The fund, …

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 …

Global early-stage startups competition Seedstars has already picked African winners in Egypt, Tunisia, Zimbabwe, Morocco, Ghana, Rwanda, Libya, Uganda, Senegal, the Democratic Republic of Congo (DRC), Kenya, Mozambique, Guinea Bissau and Angola, and will hold its Lagos event on October 19 at Seedspace Lagos. Besides representing Nigeria at the Seedstars Regional Africa Summit, the winner will receive an all-inclusive trip to Switzerland to compete at the Seedstars Summit in April, with up to US$1 million in …

Microsoft has, through its Airband Grant Fund, invested an undisclosed amount in three startups to provide internet access and cloud-enabled solutions to underserved African communities. The three startup are: Mesh Power and ColdHubs which hail from Rwanda and Nigeria, respectively, and Agsol — which is registered in Hong Kong and Australia — has operations in Kenya. The three were part of eight startups from the US, Africa and …

Startupbootcamp (SBC) AfriTech today announced the Top 10 African Innovators selected to participate in the globally renowned, multi-corporate backed accelerator program for 2018. Post an intensive 3-month global scouting tour, across 15 countries, and inclusive of 19 FastTrack events and 220 face-to-face startup engagements, the SBC AfriTech team received 1,004 applications from 73 countries in total, attracting double the applications …