TechMetroo

Techstars Lagos shuts down its Accelerator just After Two Years

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ARM Labs Lagos Techstars, the accelerator program that launched in Nigeria two years ago, is closing its doors. The third cohort, which started in March 2024, won’t continue, and Techstars’ global Chief Brand and Communications Officer, Matthew Grossman, confirmed the closure via email. “Our partnership with ARM Labs has ended,” Grossman noted, adding that while […]

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Moniepoint Hits Unicorn Status with $110 Million Series C Round

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What’s the Buzz?Nigerian fintech Moniepoint just raised $110 million in a Series C funding round led by Development Partners International (DPI). New players like Google’s Africa Investment Fund and Verod Capital joined the mix, along with existing investor Lightrock. This fresh capital is set to nearly triple Moniepoint’s valuation, hitting the coveted $1 billion mark

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Google to Invests $5.8 Million to Boost AI Skills Across Sub-Saharan Africa

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Google just announced a $5.8 million investment to bring more AI skills to Sub-Saharan Africa. This funding is set to help people and organizations across the continent learn how to use AI for real-world impact, focusing on areas like economic growth and social issues. From industry workers to government employees, Google’s initiative aims to teach

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Starlink Reverses subscription Price Hike in Nigeria

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Starlink has decided to halt Subscription Price Hike in Nigeria Amid Regulatory Pushback. In a message to users, Starlink explained that it’s putting the hike on hold to address concerns raised by Nigeria’s Communications Commission (NCC). The company stated its commitment to providing high-speed internet in the country but emphasized that regulatory support is necessary

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PaidHR Looks to Raise $1.5M Seed Round for Cross-Border Payroll Expansion

PaidHR Looks to Raise $1.5M Seed Round for Cross-Border Payroll Expansion

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PaidHR, a Nigerian startup that’s making HR smooth and easy, is in talks with investors to raise $1.5 million in a seed round according to Techcabal. This comes after they processed a hefty ₦11 billion in salaries last year and raised $500K back in February 2023 from big-name investors like Zrosk IML, Zedcrest Capital, and

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Nigeria Drops Charges Against Binance Exec Tigran Gambaryan.

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Well, that was unexpected. Nigeria has decided to drop all charges against Tigran Gambaryan, the Binance exec who was arrested back in February 2024. Originally charged with tax evasion and money laundering, Gambaryan is now free after the government’s prosecuting team said he was just an employee, not the mastermind behind Binance’s moves. as reported

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Ex-OpenAI CTO Mira Murati is reportedly raising funds for her own AI startup.

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Mira Murati, who recently stepped down as OpenAI’s CTO, is already back in the game—this time, fundraising for her own AI startup. According to Reuters, Murati is aiming to raise over $100 million to develop AI products built on proprietary models. Murati left OpenAI last month, saying she wanted “time and space” to explore new

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Yellow Card Raises $33M Series C to Boost Growth and Expansion

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Yellow Card has raised $33 million to help its business grow across Africa. This funding round was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.  With this, Yellow Card has now raised a total of $88 million,

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Jumia Exits South Africa and Tunisia to Focus on Core Markets

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Jumia Technologies AG has announced plans to shut down operations in South Africa and Tunisia by the end of 2024 because of macroeconomic conditions and stiff competition. This strategic move was taken to optimize resources and focus on core markets with better growth potential. Low Contribution Spurs Decision A thorough evaluation by CEO Francis Dufay

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