Advertising Africa Technology 

Report on the State of play: Fintech in Nigeria, shows expanding business scopes

The report discusses Farmcrowdy and Cowrywise, as 2 leading start-ups in the space currently running wealth management platforms. Cowrywise objectives for the Nigerian middle-class with their online financial investment items. Farmcrowdy gives financiers an opportunity to co-own farms by providing farmers capital expense options. Other fintech startups provide digital insurance coverage to; auto companies, the health sector, education, and funeral services. Rates charged for the cover are as low as $0.50 monthly. The report highlights some shortcomings such as the slower pace in setting up a fintech start-up in Nigeria,…

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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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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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