Blog Posts

DrugStoc raised $4.4 million in funding to help it grow its business Pharmaceutical technology startup DrugStoc has raised $4.4 million in a Series A funding round to expand its operations in Nigeria. The funds will be used to expand its operations in the country. The Jack Ma Foundation awarded the company $65,000 as part of the inaugural $1 million Africa Netpreneur Prize Initiative, which was launched in 2019 and funded by the Jack Ma Foundation. Aside from that, it has received an undisclos.

GIGL launches Go Faster to provide users in Lagos, Abuja, and Port Harcourt with next day delivery GIGL, Nigeria's largest technology-enabled logistics company, has launched a new delivery service, dubbed 'Go-Faster,' to meet the growing demand for faster delivery. This development comes just months after the company began using electric delivery vans as part of its zero-carbon initiative, which was announced in May. Following the launch of this service, selected cities in Nigeria, including .

Olu Akanmu, a former FCMB director, has been named co-CEO of Opay It has been announced that Olu Akanmu will be the new president and co-CEO of OPay's Nigerian division. OPay is a Chinese-backed African fintech startup with a focus on mobile payments. Former FCMB Executive Director for Retail Banking, Akanmu has a wealth of experience in the industry. In addition to working with the current leadership team, Olu Akanmu will assist the company in achieving all of its goals and objectives, accord.

Technext to host Africa’s biggest cryptocurrency gathering, Coinference 2021 Technext, a Lagos-based technology media organization, has announced its maiden event, Technext Coinference 2021. This event will take place on Thursday, December 9, 2021, at the Pistis conference center in Lagos, Nigeria. A physical audience of at least 1,500 people and a virtual audience of at least 3,000 people are expected to attend, making it the largest gathering of cryptocurrency enthusiasts, innovators, a.

We want to assist you as soon as possible - IdentityPass CEO following a $360k pre-seed round A total of $360,000 in pre-seed funding has been raised by Identitypass, a Nigerian digital compliance and security company that provides businesses in Africa with seamless identity verification solutions, according to the company. Customers will be added to the company's database, research and development will be conducted, and the company's team will be expanded with the funds. Among those who parti.

Helium Health of Nigeria acquires Meddy, a health-tech company based in the United Arab Emirates Helium Health, a Nigeria-based health technology startup, has acquired Meddy, a doctor booking platform with offices in Qatar and the United Arab Emirates, for an undisclosed sum. Helium Health is the largest provider of Electronic Medical Records (EMR) and Hospital Management Information (HMI) Systems in West Africa. Helium Health is headquartered in Ghana. Meddy, in addition to providing a doctor.

Muslims are prohibited from engaging in cryptocurrency trading – The Muslim council of Indonesia As reported by Bloomberg, Indonesia's highest religious authorities have declared it haraam, or sinful, for Muslims to use cryptocurrency as a form of payment. This announcement was made on Thursday by the National Ulema Council of Indonesia, also known as the MUI, after an expert hearing. The MUI is Indonesia's highest religious authority. Indonesia's religious leaders' council has stated t.

Oja, a Nigerian-owned eCommerce company, raises $3.4 million to establish London's first online cultural market Oja, a London-based eCommerce startup, has raised $3.4 million in a pre-seed round of funding to support the development of the city's first cultural supermarket, which will open in 2017. Acequia Capital, Tiny VC, and HoaQ Fund were among the investors who participated in the round, which was led by LocalGlobal. Investors from the private sector included Darren Shapland (former CFO o.

Flutterwave broadens its portfolio with the acquisition of Disha, a platform for content creation In order to further its growth strategy, Flutterwave, the leading pan-African payments technology company, acquired Disha in December 2017. On a global scale, Disha is a Nigerian platform that provides tools and templates for makers and creators to showcase their work, grow their businesses, and receive payments. Disha will continue to operate as an independent brand following the acquisition, bu.

Chooya, an Aba-based startup, receives $950k in funding from EWC to digitize word-of-mouth marketing Chooya, an eCommerce startup based in Aba, Nigeria, that digitizes word-of-mouth marketing for African businesses and consumers, has announced the completion of a $950,000 funding round led by Entrepreneurship World Cup. In a competition with more than 200,000 applicants from 200 countries, the startup was selected as one of the top 100 EWC finalists. Among the awards given to the startup were .