Startups

Aba-Based Fintech Startup Shoptreo Secures Investment from Rebel Seed Capital

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Whats Happening? Shoptreo, an innovative fintech and e-commerce platform based in Aba, Abia State, has secured an undisclosed investment from Rebel Seed Capital, marking the fund’s second investment in the southeastern Nigerian city. The investment comes as Nigeria’s leather industry demonstrates significant untapped potential, with the Nigerian Institute of Leather and Science Technology (NILEST) estimating […]

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Tether Invests in Shiga Digital to Boost Africa’s On-Chain Financial Ecosystem

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Tether, one of the world’s largest digital asset company and issuer of the USDT stablecoin, has announced a strategic investment in Shiga Digital, a pan-African fintech platform focused on delivering real-world, blockchain-based financial solutions for African enterprises and enabling businesses to send and receive money globally using Tether’s USDT stablecoin. According to the official announcements on

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From Anambra to Africa: Jetpad Secures $75K Stellar Grant to Make Crypto as Simple as Email

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What’s Happening? Jetpad, a crypto startup founded in Anambra State,Southeast Nigeria, has received a $75,000 grant from the Stellar Community Fund to expand its latest innovation – the Jetpad Smart Wallet. This funding supports Jetpad’s broader mission to simplify crypto access across Africa by delivering user-friendly blockchain products tailored for everyday users. Unlike traditional wallets

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Bankly Acquired by C-One Ventures to Expand Fintech Portfolio in Nigeria

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What’s Happening? Nigerian fintech company Bankly has been acquired by investment firm C-One Ventures, just seven months after the appointment of its new Managing Director, Stephen Amodu. While the financial terms of the deal remain undisclosed, a statement reviewed by Techpoint Africa indicates that Bankly will be integrated with other fintech entities within C-One Ventures’

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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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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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Ghana’s Kofa Technologies Raises $5 Million for Battery-Swapping Network

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Kofa Technologies, a Ghanaian startup specializing in clean and portable battery solutions, has partnered with PASH Global to expand its battery-swapping network across Ghana. This initiative aims to deploy 6,000 batteries and establish up to 100 swap stations, providing reliable energy access and supporting the transition to clean energy and the widespread adoption of electric

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Moroccan Startup Userguest Secures €2.2 Million to Boost Hotel Revenue optimization

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Userguest, a Moroccan technology company founded in 2018, has raised €2.2 million (about $2.4 million) in seed funding. The startup’s innovative platform helps hotels increase direct bookings and revenue through automated, personalized messaging. Al Mada Ventures led the investment round, joined by CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, and business

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Nigerian Fintech Rise Acquires Kenyan Investment Platform Hisa

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Nigerian fintech company Rise has made a strategic move in the East African market by acquiring Hisa, a Kenyan investment startup. As reported by TechCabal, This marks Rise’s second acquisition within a year, following approval from Kenya’s Capital Markets Authority (CMA). The acquisition allows Rise to expand its operations into Kenya while maintaining Hisa’s brand

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Kenyan E-commerce Startup Chpter Secures $1.2 Million in Pre-Seed Funding

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Chpter, a Kenyan e-commerce startup founded by former Marketforce executives, has raised $1.2 million in pre-seed funding. The funds will be used to enhance its technology and expand operations into Egypt and Nigeria. Founded in 2022 by Tesh Mbaabu, Mesongo Sibuti, Kuria Kevin, and Mark Kiarie, Chpter transforms social media into a sales platform with

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