Gozem, a Super app available in the Francophone Africa, announced that it has raised $5 million in a new Series A funding round. Participants in this round include AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). With the $7m…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Just as we were trying to get used to Facebook’s name change to Meta, Square announced that it is changing its name to Block. According to the company in a press release, “Block will be the name for the company as a corporate entity. The Square name has become synonymous…
Clubhouse announced the addition of 3 Nigerian languages, Hausa, Igbo and Yoruba to the audio platform. According to information received from the company, the language localisation support is aimed at making the platform more accessible to Nigerians who don’t speak English or who simply prefer local-language alternatives. Hausa, Igbo and Yoruba…
Uber has partnered with Meta’s WhatsApp to roll out a ride booking service via the messenger service in India. This is the first of its kind collaboration between these two companies. India has over half a billion subscribers in India, its largest single user base and this provides significant benefits…
Algerian startup, Yassir, announced that it has raised $30 million in a Series A funding round to build an African Super app. Notable investors that participated in this round include VCs such as WndrCo, DN Capital, Kismet Capital, Spike Ventures, Quiet Capital, Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital and Moving Capital. Other investors…
Telecoms giant MTN and UduX a leading indigenous streaming platform, have been streaming Wizkid’s “Made In Nigeria” O2 arena concert live. The 3-day concert which started on Sunday 28th November, held the second performance on the 29th of November and will continue on Wednesday 1st of December. The concert is…
Uber says it has introduced rider selfies for new cash riders without a valid credit card on file as a new safety feature for Nigeria. This is another way of showing that the ride-hailing prioritises driver safety. The technology works by prompting riders to share a selfie before requesting their…
The world woke up late last week to the news of a new COVID variant which the World Health Organisation (WHO) has now tagged “Omicron”. It was first reported to the WHO from South Africa on 24 November, and has also been identified in Botswana, Belgium, Hong Kong and Israel.…
North Korea has sentenced to death, by firing squad, a man who smuggled copies of Netflix’s Squid Game into the country. According to a report from Radio Free Asia (RFA), authorities caught seven high school students watching the Korean-language global hit show. Apparently the smuggler brought a copy of the…
The Chinese government has issued a notice banning celebrities from extravagant pleasure, show off wealth and worship on social media. According to Business Insider, this is coming on the heels of the Chinese Communist Party’s crackdown on the country’s growing entertainment industry as officials push back against celebrity scandals and online fan…
Nigerian Award winning music superstar David Adedeji Adeleke popularly known as Davido has teamed up with a crypto company, OmeGoat, a subsidiary of fintech provider, Bitsika, to create a social token named “Echoke”. This comes after the popular musician recently raised over N200 million from his friends within two days to…
Crowdyvest Limited, a fast-growing Nigerian fintech company marked as the go-to digital wealth management and savings platform, has today re-launched its mobile app. The refreshed mobile app offers a modern design, easy navigation, and exciting new features to deliver a top-notch and seamless digital banking experience for its existing and…
Uber says you would soon be able to place an order for cannabis on the Uber Eats app in Canada. However the ride hailing giant says it would not deliver the cannabis to you. In its arrangement with cannabis retailer Tokyo Smoke, customers will go to a dedicated section on…
Flour Mills announced that it has reached an agreement to buy 71.69% majority shareholding interest in Honeywell Flour Mills Plc (HFMP) based on an enterprise value of NGN80 billion. Flour Mills has also entered into an agreement with the FBN Holdings Group to acquire its 5.06% equity in Honeywell too. This…
Treepz, formerly known as Plentywaka, announced that it has acquired Ugabus, a Ugandan bus company thereby heralding its entrance into East Africa. Founded in 2019 as Plentywaka, the Toronto-based shared mobility company, currently operates in Nigeria and Ghana. Plentywaka changed its name to Treepz in September 2021 in line with…
Global Consumer Goods group, Unilever, announced that it has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion ($5.08 billion) on a cash-free, debt-free basis. CVC Capital beat rival private equity firms Advent and Carlyle to the deal. ekaterra…
Music Streaming business, Spotify, has finally succumbed to wishes of many of its customers with the launch of Lyrics globally. You can now sing along with your favourite artiste because you know the words of the song. Spotify partnered with Musixmatch to bring song lyrics to life through in-app access across…
Online retail giant, Amazon, has announced that it will stop accepting payments from Visa credit cards issued in the UK from January 19th, 2022. This is due to high fees Visa charges for processing credit card transactions. However customers will still be able to use Visa debit cards issued in the UK,…
Nigerian fintech startup, Kippa announced that it has raised $3.2 million in a pre-seed funding round led by Berlin-based VC Target Global. Other VCs that participated in the round include Entrée Capital, Alter Global and Rally Cap Ventures. A host of angel investors were also part of the funding round including Babs…
Paycode, a South African-based fintech startup, has secured an undisclosed investment from Investment One Financial Services Limited (Investment One), one of Nigeria’s leading financial services providers, through its Venture Capital subsidiary, Investment One Vencap Limited. South African-based Paycode is a provider of technology solutions that use biometric digital identity to…