Nigeria's OneFi secures $5M Debt Facility from Nairobi-based Lendable

Nigeria’s OneFi secures $5M Debt Facility from Nairobi-based Lendable

Nigeria’s fintech startup Finance Limited (OneFi) has today announced that it has secured a $5M debt facility for its consumer-facing facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The news comes just two months after the company secured Africa’s first credit […]

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Nigeria’s Fintech Startup TeamApt closes $5.5M Series A Round To Scale Into Additional Markets

TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A round, led by Quantum Capital Partners. The Lagos-based company is a leader in the development of Digital Banking, Digital Business solutions and running Payment Infrastructure for Africa. The new funding will see the company scale […]

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CDC announces new investment to support high-growth SMEs in Nigeria

CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”), a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare, education and financial services. CCA will use CDC’s capital […]

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Nigerian fintech startup Mines, secures $13M funding

Mines, a Nigerian fintech startup re-inventing credit in emerging markets secured $13M funding. The Series A round was led by The Rise Fund, a global fund managed by TPG Growth. The startup says it plans to use its investment for talent acquisition, continued growth in Africa, and expansion to South America and South-East Asia. Mines […]

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Connecticut Innovation brings its $5 VentureClash Challenge to Nigeria

U.S based organisation Connecticut Innovation launched its VentureClash global venture challenge in Nigeria. The competition is targeting companies that are actively advancing disruptive solutions in digital health, financial technology (fintech), the Internet of Things (IoT) and insurance technology (insurtech). The $5 million contest kicked off in March with the first round of applications and will […]

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Kenya’s mSurvey expands its operations to Nigeria

Kenya’s mobile-first consumer experience platform mSurvey has expanded its operations in Nigeria. The move comes as the Kenya-based company seeks to consolidate its position as Africa’s leading technology-powered customer loyalty platform. Backed by international and African investors, including Safaricom’s Spark Fund, Cross Culture Ventures and Alpha Angels, mSurvey will be opening a new office and […]

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Silvertree acquires Nigeria’s TopCheck, forming Africa’s largest price comparison group

Africa’s leading Internet platform Silvertree Internet Holdings has acquired Nigerian price comparison site TopCheck for an undisclosed amount. TopCheck is Nigeria’s leading price comparison site for financial services offering free online comparison for insurance products, loans, and broadband internet plans. The website recorded fast growth in 2016, processing up to 3 billion Naira (10 million USD) […]

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Businesses in Africa worried about market volatility and political risks

Businesses operating in Africa increasingly worry about the unpredictable business environment where markets are volatile and political perils are on the rise. This is according to the key findings of the 6th annual Allianz Risk Barometer analyzing corporate risks globally, as well as by region, country, industry, and size of business. Other growing concerns for […]

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Facebook CEO,Mark Zuckerberg is visiting Nigeria, his first visit in sub-saharan Africa.

Facebook CEO Mark Zuckerberg is visiting Nigeria this week.  Mark is in Nigeria to learn on how Facebook can better support tech development and entrepreneurship across Africa. “This is my first trip to sub-Saharan Africa. I’ll be meeting with developers and entrepreneurs, and learning about the startup ecosystem in Nigeria. The energy here is amazing […]

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Kaspersky Lab Report: 14% of users in Nigeria faced cyberthreats emanating from the Internet

14% of internet users in Nigeria faced cyberthreats emanating from the Internet, a new report by Kaspersky Lab has revealed. The report has further reveals that 46% of the users encountered malware that spread in local networks. This statistics were revealed in the Kaspersky Lab Q3 IT Threat Evolution report, of the key security incidents […]

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SimbaPay launches free UK to Nigeria money transfers

SimbaPay has launched a money transfer service between the United Kingdom (UK) and Nigeria that will see Nigerians  living in the UK can send money to any bank account or mobile phone in Nigeria using the SimbaPay app or website at zero charges. Nigerians living in the UK with a bank account, debit card or […]

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