Benyamin Ahmed is just 12 years old and he is already making money from the sale Non-Fungible Tokens (NFTs). He has already made $350,000 from the sale of collection of digital art he coded, called Weird Whales, as non-fungible tokens (NFTs). Weird Whales is an NFT collection which features 3,350 pixelated whales, each…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Nigerian shared mobility platform Plentywaka has raised $1.2 million in a funding round led by Canadian-based VC firm The Xchange. Other participants in the round include SOSV, Shock Ventures, Techstars Toronto, Argentil Capital Partners, ODBA & Co Ventures and angel investors from Canada, other parts of Africa, and the U.S.…
South African retail giant Shoprite Group has launched a digital business hub named ShopriteX which seeks to combine data science, technology and innovation with its operational strength to provide increasingly enhanced customer experiences. ShopriteX states that it has already delivered two industry-leading innovations – Xtra Savings, South Africa’s fastest-growing rewards programme with 20 million members to date, and Checkers Sixty60 the first on-demand 60-minute supermarket grocery delivery service in South…
Alerzo, an eCommerce B2B startup based in Nigeria, announced that it has raised $10.5 million in a Series A funding round led by New York-based Nosara Capital. FJ Labs and several family offices from the U.S., Europe and Asia. This brings total raised since inception to more than $20 million.…
As at August 2021, here are the current DStv packages and prices in Nigeria. This will help you in deciding the package to go for. As you would notice from the list below, some of the packages such as DStv Access and DStv Family have been retired. DSTV rates (per…
A federal high court based in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of six Fintech companies for 180 days. The six Fintech startups affected are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Technology Limited OPNS, Chaka Technologies Limited,…
CapitalSage Technology Limited, an integrated fintech group in Nigeria, has successfully raised $4 million (N2.2 billion) in a Series 1 Private Company Notes (“PCN”) issuance, under its N10 billion programme, to accelerate the company’s growth across different markets both in Nigeria and Africa. The Series 1 issuance, with a 365-day tenor, was subscribed with firm commitments…
TeamApt, a leading provider of financial services for Africa’s underserved, has announced the beneficiaries of its Women in Tech internship program. They are Tefe Mebuiefene (Frontend Engineer), Marvelous Frank-Solomon(Backend Engineer), Binta Umar(Backend Engineer), Omenebele Ananenu(Backend Engineer) and Barakat Ajadi (Technical Support Engineer). TeamApt’s Women in Tech Internship Program is designed…
Chinese tech giant, Xiaomi, has unveiled its first entry into the world of robotics, named Cyberdog a quadruped robot dog. The Xiaomi Cyberdog resembles the robot dog “Spot” from the US company, Boston Dynamics which was recently acquired by South Korean multinational automotive manufacturer, Hyundai. Xiaomi says that the open-source…
Samsung unveiled the next generation of foldable smartphone series at the Samsung Unpacked event held today – the Galaxy Z Fold3 5G and Galaxy Z Flip3 5G “With Galaxy Z Fold3 and Z Flip3, Samsung is once again redefining the possibilities with foldable smartphones that empower users with the flexibility…
Chekkit, a Nigerian healthtech startup, announced that it has raised $500k in a pre-seed funding round to strengthen its anti-counterfeiting and consumer engagement solution as well as build out its supply chain tracking and infrastructural optimization technologies. Investors in this round include Launch Africa, Japan Strategic capital, Blockchain Founders Fund, and two syndicate groups of angel investors.…
FirstCheck Africa, a female-focused Angel fund co-founded by Eloho Omame & Odunayo Eweniyi, has announced its first investments in four female-founded companies – Foondamate (South Africa), Healthtracka (Nigeria), Tushop (Kenya), and Zoie Health (South Africa). It is investing $25,000 in each of these four companies. Launched in January 2021, FirstCheck Africa was…
Decagon, a software engineering company, set up by serial founder Chika Nwobi, announced that it has raised $1.5 million in a seed round and a $25 million loan financing facility to support students in its software engineering program. The seed funding included Kepple Africa, Timon Capital and some angel investors…
vivo Smartphone has unveiled its latest smartphone as an addition to the Y-series, the vivo Y53s in Kenya. The device, which was teased to go by the slogan ‘Clear shot, Unlock more fun’ will now be available from today both offline and online stores. The device that comes with a…
SA artificial intelligence (AI)-driven Insurtech startup, Naked, announced that it has raised R160 million (US$11 million) in a funding round led by Naspers who invested R120 million (US$8.3 million). Other participants in the round include existing Naked investors, Yellowwoods and Hollard. According to Naked, the funds will be used to…
MTN Nigeria, the largest mobile telecoms company in Nigeria, has appointed Adia Sowho as the Chief Marketing Officer and Shoyinka Shodunke as the Chief Information Officer of the company. According to Karl Toriola, CEO, MTN Nigeria, while commenting on the unaudited results for the half-year ended 30 June 2021, ” we further…
Nigerian Online digital printing startup, Printivo, announced that CEO Oluyomi Ojo is stepping down from daily operational duties to join the Board while Temitope Ekundayo and Ibukun Oloyede will now become co-CEOs. Prior to their appointment, Ibukun has served as the co-founder while Ekundayo served as the Chief of growth and strategy, and…
Bolt, the Estonian ride-hailing company, announced that it has closed a €600 million funding round, increasing its valuation to more than €4 billion. This new funding round was led from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya. According to the company, the funds…
Kuda, a Nigerian digital bank, has raised $55 million in a Series B funding round co-led by existing investors – Valar Ventures and target Global, including SBI and a host of previous angel investors. This follows a recent raise of $25 million led by by Valar Ventures, the firm co-founded and…
Effective 1st of September 2021, Google will no longer allow Sugar Daddy or Sugar Mummy apps on Google PlayStore; i.e.apps that promote compensated sexual relationships (i.e. sugar dating). The tech giant mentioned this as part of the upcoming update on the inappropriate content policy to institute new restrictions on sexual content, specifically prohibiting…