Author: Staff Writer

Large enterprises and multinational companies have been using Customer Relationship Management (CRM) systems to engage their customers. They’ve been used by mobile telephone companies, internet service providers, and even cable companies to engage their customers and upsell some of their add-on products. CRM systems enable the sales teams to use…

Frain technologies, a Nigerian developer-tooling startup dedicated to building webhooks infrastructure has recently completed a $473k pre-seed round. The pre-seed round, led by Rally Cap Ventures, also saw participation from Musha Ventures, Future Africa, Eric Idiah, Tomiwa Lasebikan, Prosper Otemuyiwa, Odunayo Eweniyi, Timi Ajiboye, Opeyemi Awoyemi and several other angels.…

Fresh from securing $20 million funding from Lendable in September 2021, Finclusion Group announced that it has secured another US$20million in debt & equity funding from various prominent investors. This funding round includes investors Andela and Flutterwave co-founder Iyin Aboyeji (who invested via his VC firm Future Africa), LendInvest founder…

Amazon has reversed its decision to ban VISA cards in the United Kingdom over high fees Visa charges for processing credit card transactions. In November 2021, the online retail giant announced that it will stop accepting payments from Visa credit cards issued in the UK from January 19th, 2022. Amazon made this…

Orda, a restaurant management startup based in Nigeria, announced that it has raised $1.1 million in a pre-seed round to scale its platform across Africa. Founded by CEO Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri in 2020, Orda is a business that provides a cloud-based restaurant management system to…

Future Africa announced that its Assets under Management grew from $600,000 in 2017 to over $30 million in 2021. This is one of the exciting figures released in the 2022 Message from the Founder and General Partner of Future Africa, Iyinoluwa Aboyeji. Set up by serial entrepreneur, Iyinoluwa Aboyeji in…

Asaak, a Ugandan fintech startup, announced that it raised $30 million in a pre-Series A equity and debt funding round. The round had a number of new and existing investors investors including Resolute Ventures, Social Capital, HOF Capital, Founders Factory Africa, End Poverty Make Trillions, Decentralized VC and a number…

Kiddie tune “Baby Shark” has become the first YouTube video to surpass 10 billion views. This was announced by company behind the song, Pinkfong via a Tweet below. In 2020, the same song was celebrated as the most viewed YouTube video ever. The song was recorded by Korean-American singer Hope…

Topship, a Nigerian shipping company, announced that it has been accepted into Y Combinator Winter 2022 Batch. The company joins many successful companies such as Airbnb, Stripe, Dropbox, Flexport and Paystack who have gone through the popular accelerator program. Founded in 2020 when the world went on a lockdown due…

Tesla has started accepting dogecoin as payment for merchandise on its online store. Elon Musk first made this known in December 2020, stating the electric carmaker will accept dogecoin as payment for merchandise on a test basis. It was noticed this morning that items listed in the “lifestyle” section of its shop,…

Tech giant Microsoft has now made its Walkie Talkie feature available to all Microsoft Teams’s users. It unveiled the Walkie Talkie feature in 2020 but it has remained inactive for most users. Just yesterday, it announced “the general availability of Walkie Talkie app in Teams on a wide range of Zebra…

As times are changing, it’s important that businesses adapt, otherwise, they may not remain successful. One thing that is always changing and improving is technology. And while some businesses may be hesitant to use technology, many kinds of technology are designed specifically to help businesses. Various kinds of software, for…

Y Combinator, an American technology startup accelerator, announced that it has revised its standard deal upwards for accelerator companies. Last year, the accelerator reduced its investment ticket size to $125k for 7% equity. Now it is offering to invest a total of $500,000. It will still invest $125,000 for 7%…

Smartphone brand Honor, a former Huawei sub-brand, has unveiled its first foldable smartphone called the Honor Magic V, joining the likes of Huawei and Xiaomi in the foldable marketplace. Using a similar folding form factor to Samsung’s Galaxy Z Fold devices, the device combines a large internal folding display with…

Take-Two Interactive announced today that it is set to acquire mobile gaming company Zynga for $12.7 billion with a mix of cash and stock. Founded by Ryan Brant in September 1993, Take-Two Interactive Software, Inc. is an American video game holding company based in New York City. It owns two major publishing labels, Rockstar Games and 2K. Take-Two’s combined portfolio…

Standard Chartered Plc is closing down 12 branches in Nigeria in its bid to embrace digital transformation in its operations. According to a Reuters report, the bank will operate 13 branches out of its 25 branches and build agent networks. It started shutting down some of the branches from December…

Nigerian fintech startup, Connected Analytics, promoters of ThankUCash, announced that it has finally closed a $5.3 million funding round, which included an undisclosed seven-figure seed last year. The funding round which started early last year, was led by VC firms 500 Global and Unicorn Growth Capital. Other participants included Expert…

The Nigerian government has announced that non-resident companies providing digital services in the country will pay 6% tax on revenues earned and this is contained in the Finance Act signed into law by President Muhammadu Buhari on December 31, 2021 The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, made…

In a recent statement filed by tech giant Apple with the SEC, it was revealed that Apple CEO Tim Cook earned $98.7 million in base salary, stock, and other compensation in 2021. The remuneration earned by the Apple top executive in 2021 is 6.7% higher than he earned in 2020 ($14.8…

BFree, an ethical credit Fintech startup, announced that it has raised $1.7 million to expand into emerging markets globally. Participants in this pre-Series A round include 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures, and several other angel investors. Coupled with $800,000 raised in a seed round in May…