Lagos Ministry of Agriculture & Food Systems Department in collaboration with the Lagos State Employment Trust Fund (LSETF) and EkoInnovation Centre, supported by the Lagos State Government has awarded N100 million in grants to 26 young agripreneurs at the maiden edition of the Lagos Agrinnovation Summit. The platform is designed to foster meaningful conversations, collaboration,…
A leading online platform for African language learning, Lingawa, has successfully closed a $1.1 million pre-seed funding round that coincides with the company’s rebranding from TopSet to Lingawa, signaling its expanded mission to connect global audiences with the richness of African culture and heritage. The funding round attracted notable investors, including Zrosk, WEAV Capital, Kaleo…
Last month, start-ups in Africa raised over $250million in funding with Nigeria leading the pack with megabucks coming to Moniepoint and Yellow Card. According to a report entitled: Africa: The Big Deal, 42 start-ups on the continent announced a total of $254million in funding plus over $100, 000 in equity, debt and grants excluding exits….
The United States (U.S.) government, through the U.S. Commercial Service Liaison Office to the African Development Bank (AfDB) and U.S. Commercial Service in Nigeria, in partnership with the American Business Council (ABC) and the AfDB’s Nigeria Country Department, has hosted the Discover AfDB workshop, focusing on the Bank’s recent investments in the digital space. This…
A tech firm, Durubata Ltd., at the weekend, launched Appmint, a no-code Artificial Intelligence (AI)-powered platform for Small and Medium Enterprises (SMEs) in Africa.The Chief Executive Officer (CEO) of Durubata Ltd., Mr Jacob Ajiboye, said at a news conference to unveil the platform in Lagos that it was designed to empower startups, entrepreneurs and SMEs…
Traction Apps, a fintech startup, will lay off some employees following its recent acquisition by OmniRetail, the startup confirmed in a statement, noting that the decision was partially motivated by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments to align with our broader vision….
A fintech company, Pipe has partnered GoCardless to redefine capital access for United Kingdom (UK) businesses. While Pipe partners with software platforms to deliver embedded financial solutions for small and medium enterprises (SMEs), GoCardless is a bank payment company. Under the partnership, Pipe’s customer-friendly capital offering will be accessible via the GoCardless platform, providing simple…
HEALTH tech start-up, Tennr, has secured $37 million in funding to grow its research team, expand sales and marketing efforts to help more providers. Tennr‘s suite of specialized machine learning models are helping to read, parse, and respond to the multitude of complex, messy documents healthcare practices send one another. Tennr has scaled quickly in…
California-based ApertureData has closed its oversubscribed seed round at $8.25million for a purpose-built database for multimodal Artificial Intelligence (AI). In the race to adopt multimodal AI systems capable of processing, understanding, and generating text, videos, and images, enterprises are running into a “data crisis”. They have plenty of data assets to work with, but most…
