Every transformative company begins with a simple idea. For Stabyl, that idea was born not in a boardroom, but during conversations between classmates at the University of Oxford, where discussions about the future of digital finance evolved into a bold vision for solving one of Africa’s biggest financial challenges. Between 2021 and 2022, Prince Nnamdi…
The deployment of Artificial Intelligence (AI) will enhance financial clarity, operational efficiency, and business decision-making across sectors, experts in fintech, AI, and digital commerce have said. Speaking during a panel session titled: “The Next Frontier: AI & Automation” at Glovo’s Future of Commerce Summit 2.0, held at the Landmark Events Centre in Victoria Island, Lagos,…
VeendHQ says its AI-powered credit platform, Vida AI, helped recover ₦69 million from a ₦172.5 million portfolio of loans that were more than 90 days overdue in a pilot that highlights the growing role of technology in loan recovery and portfolio management. The result comes at a time when lenders are under increasing pressure to…
No fewer than 37 start-ups in Africa announced a total of $135m in funding through $100k+ deals (equity, debt, grants; excl. exits) in May 2026. According to the latest stats shared by Africa: The Big Deal, deal activity improved again after April (32) and the March low (22), but remains below the previous 12-month average…
International confidence in Nigeria’s entrepreneurial ecosystem deepened yesterday as Norway’s Deputy Minister of Foreign Affairs, Andreas Kravik, led a high-level Norwegian delegation to Lagos, promising long term support for startups. The visit, hosted at OmniRetail’s headquarters, spotlighted Nigeria’s fast-growing innovation and tech sector and reaffirmed long-term foreign investor interest in African startups solving real economic…
General Magic has announced a $7.2million seed funding round led by Radical Ventures, with significant participation from a16z Speedrun and new investment from Figma VP of Product Brendan O’Driscoll and Larry James Erwin from OpenAI. The company has raised $8.4million to date, backed by Radical Ventures, a16z Speedrun, and Comma Capital, along with operators who…
Put next to the global rebound (+46per cent), that can look underwhelming. But the global number is a very distorted benchmark because it is overwhelmingly a US story. Indeed, equity funding in the US grew 66per cent YoY and accounted for roughly 70per cent of the global tally. So when US mega-rounds accelerate, ‘global funding’…
One of U.S. President Donald Trump’s loudest and richest supporters, Joe Lonsdale, has led investors to raise $11.7 million for Terrahaptix, a Nigerian startup that builds defence drones to bolster security systems across Africa. Lonsdale is also the founder of Palantir Technologies. Terrahaptix was co-founded by 22-year-old Nathan Nwachukwu and 24-year-old Maxwell Maduka in 2024…
Lagride has secured a $100 million financing facility from United Bank for Africa (UBA) to expand its Drive To Own programme and enable 3,500 Lagos drivers to transition from daily earners into long-term asset owners, business operators and mobility investors. The partnership strengthens Lagos State’s transportation ecosystem and accelerates the shift toward a structured, technology-enabled…
