Africa Startups 

Founder Institute Lagos Opens Application For Cohort III

Creator Institute is supporting a lot more startups to launch new companies throughout Nigeria and the rest of Africa. Stanbic IBTC Creator Institute Lagos which released in the fourth Quarter of 2018 has given that then, produced over 40 companies through its very first 2 cohorts. Now, FI is set to get and examine applications for its 3rd mate. Founder Institute is the world’s largest pre-seed start-up accelerator which is based in Silicon Valley with chapters throughout 65 countries. In Nigeria, FI currently has chapters in Lagos and Abuja, and…

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Africa Startups 

Tanzania’s East Africa Fruits closes Series A funding worth $3.1m

Tanzanian agri-tech company East Africa Fruits has closed a Series A funding round worth US$3.1 million as it aims to build essential supply chain infrastructure and better transport fresh produce directly from farms to urban marketplaces. Founded by social entrepreneur Elia Timotheo in 2013, addresses food distribution challenges to improve efficiencies in the farm-to-market sector via a B2B e-commerce platform. The company provides a stable, fair market for horticulture crops by aggregating supply and demand and improving cold chain distribution and warehousing infrastructure that reduces post-harvest loss and increases availability…

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Startups 

South Africa’s fintech start-up Ukheshe picked for Mastercard Start Course program

Mastercard Start Course is a special startup engagement program that enables later-stage startups to quickly scale through access to Mastercard’s technology, solutions & & partners around the globe. Concentrated on financial addition, Ukheshe’s technology platform helps banks and telcos provide budget friendly digital banking and payment services (BaaS). With client acquisition, onboarding and circulation costs that are a portion of standard merchant accounts, informal banking is now an accessible, untapped and rewarding growth market for banking partners. Sub-Saharan Africa is among the fastest-growing investment zones for monetary technology business and…

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Startups 

Nigerian startup Launched To Help Brands Connect With Drivers In Traffic Jams

Nigerian start-up Wrapyt has actually introduced its cars and truck marketing solution that helps brands reach and engage with countless geographically-targeted audiences within cities. Launched in February, Wrapyt has partnered with around 1,000 high-mileage personal vehicle owners and e-hailing motorists who want to have their vehicles covered in adverts for a charge. Its online platform links brands with these chauffeurs, while its internal GPS innovation assists it track each motorist in a live project, produce a “geo-fence” around a particular project area, and generate data such as total miles covered…

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Startups 

Nigerian Fintech Start-up, Okra Raises $1m Pre-seed Financing From TLcom Capital

Nigerian fintech start-up Okra has actually secured a US$ 1 million pre-seed funding round from TLcom Capital to enhance its push to develop the infrastructure for Africa’s next wave of fintech development. Introduced in January 2020 by Fara Ashiru Jituboh and David Peterside, Okra is an API creating a safe and secure website and process to exchange real-time monetary information between clients, applications and banks. The company is Africa’s very first API “super-connector” and is developing the facilities for Africa’s next phase of fintech innovation. The startup has actually already…

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