Author: Oluwasegun Olukotun

Fintech startup, Grey has raised $ 2 million in a seed funding round with participation from Y Combinator, Soma Capital, Heirloom Fund, True Culture Fund, angel investors Alan Rutledge, Samvit Ramadurgam, Karthik Ramakrishnan, and other high-profile investors. Launched in 2021 by Idorenyin Obong and Femi Aghedo, Grey enables its customers…

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Tana Africa Capital and Sango Capital have made a minority investment in Sundry Markets, one of Nigeria’s fastest-growing modern grocery retailers. Founded in 2015 by Ebele Enunwa, Sundry Markets operates the Marketsquare brand of supermarkets and convenience stores, providing a superior shopping experience to customers and a one-stop destination for…

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The Dutch Entrepreneurial Development Bank (FMO) has partnered with leading pan-African tech accelerator, Startupbootcamp (SBC) AfriTech, for the third installment of the Africa Startup Initiative Accelerator Program which is designed to scout skill and scale early-stage tech startups in Africa. FMO is the Dutch entrepreneurial development bank driven by its mission…

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Egypt’s BNPL startup, valU has completed the acquisition of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME). The acquisition accedes with valU’s drive to offer the wider society access to seamless financial solutions that facilitate their day-to-day activities and…

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Amsterdam Internet Exchange operator, AMS-IX and Equinix-owned MainData Nigeria Limited (MDXi) have signed a Memorandum of Understanding to operate and grow Internet Exchange services in Africa. As part of the agreement, AMS-IX will be setting up an internet exchange at MDXi, the carrier-neutral Data Center of MainOne in Lagos Nigeria.…

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Telegram in June announced it has passed 700 million active users and introduced Telegram Premium which lets anyone support the development of Telegram and get access to exclusive additional features. The company has now introduced the Telegram Emoji Platform, animated emoji in messages and captions, custom emoji packs, the ability…

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South African company, Igugu Global has launched an Angel Investment platform, The Green Finance Marketplace (GFM) to enable investors to discover and compare green financial instruments. The initiative will look to accelerate climate finance in Africa. Igugu offers consistently comparable climate data for financial actors growing cross-sector, multi-geography portfolios in…

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