Author: Staff Writer

Appzone, a Nigerian based Fintech software provider, announced that it has secured $10 million in Series A funding led by a Lagos-based investment firm, CardinalStone Capital Advisers with investors like V8 Capital, Constant Capital, Itanna Ventures and Lateral Investment Partners participating in the round. In 2014, Appzone raised $2million from…

Eat’N’Go, the franchise operator of Domino’s Pizza and Cold stone Creamery in Nigeria, has announced its expansion into East Africa with the acquisition of the franchisee that operated the brands in Kenya. This will make Eat’N’Go the largest Domino’s Pizza and Cold stone Creamery franchise operator in Africa. Eat’N’Go opened…

Nigeria’s Security and Exchange Commission (SEC) has warned that online investment and trading platforms should stop selling securities of foreign companies listed on Securities Exchanges outside Nigeria. This means that companies like Bamboo, Trove, Chaka, Rise that currently offer subscribers the opportunity for Nigerians to buy foreign traded stocks like…

Do you know you can now use your iPhone to track some non-Apple lost devices? Apple has officially enabled its Find My network platform to assist in finding third party devices and objects. Apple recently updated its Find My app, thereby allowing third-party products to use the private and secure…

ScholarX Technologies Ltd., an EdTech start-up founded in 2016 and Headquartered in Lagos, Nigeria has announced a strategic partnership with Airtel Nigeria to launch LearnAM, a new mobile learning platform that provides Skills Training content to improve learning outcomes. ScholarX will also receive major support from the GSMA Innovation Fund…

Paystack, the Nigerian-based company that was recently acquired by Stripe for $200 million, is venturing into digital business. The company is building a digital business media network with the objective of using content to solve problems for Africa’s most ambitious teams. The company aims to connect African entrepreneurs with the…

Clubhouse, the one-year old social media audio app, is rolling out a payment feature for creators to get paid. Valued at $1 billion, this is the first payment feature that is being added to the app that focused on first building the community and audience. However this was expected as…

Egyptian-based venture capital firm, Sawari Ventures, announced that it has closed a fund with total commitments of L.E. 440 Million ($28 million) from Misr Insurance Group, Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal Bank. The fund previously closed L.E. 650 million ( $41 million) of…

Spanish on-demand courier service, Glovo, announced that it has secured $528 million (€230 million) Series F funding for global expansion. The funding round was led by New York-based investment managers Lugard Road Capital and the Luxor Capital Group. Other participating investors include Delivery Hero, Drake Enterprises and GP Bullhound. Glovo…

Timothy Adetunji emerged the winner of the Xiaomi Redmi 9c in the recently concluded Innovation Village Giveaway. The application started on Monday, 1st of March and ended Friday, 26th of March.  We had 2,087 entries and Timothy Adetunji emerged as the winner in a draw using the Rafflecopter platform Congrats to him…

Fresh from receiving $200 million from The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, Airtel Mobile Commerce is set to receive another $100 million, this time from Mastercard. The transaction values Airtel Africa’s mobile money business at $2.65bn on a cash and debt free…

Instagram has launched a new feature called Remix on Reels, which is similar to TikTok duets. Akin to TikTok duets, it lets you create your own reel next to one that already exists. Whether you’re capturing your reaction, responding to friends or bringing your own magic to trends, Remix is…

Sony Pictures Television (SPT) announced the launch of ‘Sony One’ – an app platform developed in association with MTN. Sony One provides a selection of SPT film and television favourites, making them available through special MTN mobile data packages. MTN users can stream a selection of SPT content and rent…

China’s ride-hailing company, DiDi Chuxing, has launched in South Africa, signalling the company’s first entry into Africa. This new expansion follows the successful pilot launch of its operation in Gqeberha, South Africa, on March 1 DiDi now offers ride hailing services in more than 400 cities in China and 14…

Donald Trump, the 45th President of the United States, is back online with a new website, https://www.45office.com, after he was banned from social media sites in the aftermath of the January Capitol insurrection. The website offers a narration of the former President and his wife, Melania Trump. The website describes…

Getty Images, a British-American visual media company with headquarters in Seattle, Washington, has acquired Unsplash, a website dedicated to sharing stock photography. Though the amount involved was not mentioned, Getty Images will fund the transaction from existing cash balances. Started in 2013 as a Tumblr blog with ten photos, Unsplash…

Uganda Asset Finance firm, Tugende, announced that it has closed $3.6 million in a Series A extension round led by San Francisco and Paris-based VC firm, Partech, with Enza Capital and some unnamed angel investors participating. This follows the completion of a USD $6.3M Series A investment round last year, led by Toyota…

On-demand delivery service, Bolt, has officially launched its food delivery service, Bolt Food, in Nairobi, Kenya. This is coming days after it raised $24 million from World Bank’s International Finance Corporation (IFC) for expansion in emerging markets. The company says it has thus far over-boarded 200 restaurants on the platform, among them;…

Tech Experience Centre, Africa’s foremost lifestyle and technology centre, has rolled out a six months’ zero-interest payment offer on various mobile devices and home appliances ahead of the Easter celebration. The special offer, which runs until Saturday, April 10, 2021, is designed to afford shoppers the opportunity of making desired…

TalentQL, a Nigerian-based talent recruitment and outsourcing company, announced that it has been accepted in the 2021 edition of Techstars Toronto accelerator program. The company will join nine other startups, including Plentywaka, in the class. Some days ago, Nigerian bus-hailing startup, Plentywaka announced its participation in the same class. Launched in…