Tag: africa
YC-backed Kidato raises $1.4M seed to scale its online school for K-12 students in Africa
In public schools across Africa, classrooms are often overcrowded and this affects how teachers and students interact. The large classroom creates too much work for teachers leaving students’ individual problems unattended. Private schools are modeled to fix these issues, but they can be expensive for the average African middle-class professional…
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Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures
The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. But most of these companies and developers find it difficult to access real-time banking data. This, in turn, creates a bottleneck when onboarding and verifying customers. Since 2019,…
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Andela begins global expansion in 37 countries months after going remote across Africa
More than a year after the pandemic began, remote work shows no signs of going away. While it has its cons, it remains top of mind for potential employees around the world before joining a new company. But while most people in Africa still go to physical offices, despite the…
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African crypto usage spurs Luno as customers reach 7M
The crypto industry as a whole has seen a momentous year of growth, heavily spurred on by the entrance of institutional investors adopting bitcoin due to its store of value properties. The 2020 spike bitcoin experienced was also accelerated by its global adoption as the number of global cryptocurrency users…
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Twitter to set up its first African presence in Ghana
Twitter CEO Jack Dorsey, via a tweet today, announced that the company would be setting up a presence in Africa. “Twitter is now present on the continent. Thank you, Ghana and Nana Akufo-Addo,” he said. In a statement, Twitter says it is now actively building a team in Ghana “to…
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Nigerian fintech Appzone raises $10M for expansion and proprietary technology
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products. However, they seem to be doing quite well compared with traditional banks that face challenges like legacy cost structures and a major lack…
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