The price of Bitcoin is surging. A new all time high for BTC reaching above $50K this month has everyone talking, bitcoin, crypto and investing. Major institutional investors, celebrity endorsements and payments firms like Mastercard and PayPal are investing in the cryptocurrency. Since the creation of Bitcoin 11 years ago, a growing number of people are turning to a new monetary system, one that is not controlled by any single authority. Cryptocurrency is a decentralized system run by a network of computers. In what some call a financial revolution, the rise in popularity of
Nigeria often dubbed, ‘Africa’s Silicon Valley’ is making a name for itself. Meet the talented Nigerians on the continent and the diaspora leading tech companies, building multi-million [and even billion] dollar business, investing in their community, and taking their talents globally. Tope Awotona | Founder, Calendly Awotona spent his early years as the second youngest in seven in a lower class neighborhood of Lagos, Nigeria. Yet, Awotona is the mastermind and founder behind a rarity – a Black-owned unicorn, the scheduling powerhouse, ‘Calendly.’ In an interview with Fortune, Tope talks
The year 2020 sprung the coronavirus surprise on the whole world, a surprise it is yet to recover from. After a year without a cure, two clinically tested and globally approved vaccines were released early in December 2020. One is manufactured by American pharmaceutical firm — Pfizer — and German BioNTech SE, while American biotech company, Moderna, is responsible for the other. However, two African countries had taken steps to provide a cure before the release of the vaccines in December. Madagascar’s President, Andry Rajoelina, unveiled Covid-Organics — a herbal remedy for
“I want to solve problems, save the world, and make money while at it”- Damilola Olokesusi, Co-founder and CEO of Shuttlers
Damilola Olokesusi is the Co-founder and CEO of Shuttlers, a tech transport startup. In 2015, Olokesusi and her friends — Damilola Quadry and Busola Majekodunmi — were frustrated by the stress of commuting in Lagos, Nigeria. And following some nasty experiences, they decided to start Shuttlers. “One of my sisters got into a one-chance bus (a commercial bus used for robbing passengers), and it was a traumatic experience for me. She was taken to another destination where they were abducted and robbed. Having had our different bus experiences, we realised it was a collective pain point for us.
With some of the fastest-growing global economies, the African startup scene continues to flourish. By using technology to solve problems, disrupt the status quo, and create jobs, African entrepreneurs are leading the tech revolution. Meet seven game-changing female entrepreneurs from fintech, health, education, and home care, and see how they are redefining the business landscape and improving lives. Odunayo Eweniyi, Co-Founder and COO of Piggybank.ng PiggyVest wants to be the company “allowing young people to take full advantage of the financial ecosystem without having to break the bank for it.” Odunayo
Techish · #EndSars! PayStack's $200 million exit, Horrible Board Members, Ice Cube + Diddy Techish is back with another episode! Abadesi and Michael discuss the large scale social movement against police brutality in Nigeria (#ENDSARS) (00:40) They also break down: PayStack $200 million exits to Stripe (5:30) The lack of IPO’s (11:02) Are Black celebs trying to lead the revolution? (21:08) The CircleUp Board Member email (26:05) Extras: Techish on Patreon:Advertise with Techish:Please rate and review the Techish podcast Subscribe To The Techish Podcast On Apple Podcasts, Spotify, And Other Platforms.
Last week, Stripe announced it had purchased the Nigerian startup, Paystack for an estimated 200 million dollars. Founded in 2015 by Shola Akinlade and Ezra Olubi, Paystack is a platform designed to deliver a safe, convenient, and modern payment experience for customers and merchants in Africa. Background The idea for Paystack was born when Akinlade built a simple way of integrating a card transaction into a website. It was the simplicity of how it worked that propelled him and Olubi to think about developing it into a platform for others.
During a short business trip to Nigeria in 2015, Ike Okosa witnessed firsthand the nascent but bubbling tech ecosystem in the country. At the time, Okosa was running Swoop Media, a UK-based company that provided IT and digital marketing solutions to UK private schools. The UK-born entrepreneur, who was visiting for the first time in over a decade, admits he was unaware that the country had a tech ecosystem. However, attending the 2015 edition of Social Media Week in Lagos changed his notion, and he formed vital connections there that proved helpful in
In the last few decades, business activities around the globe have become increasingly mobile, and thankfully, Africa isn’t left out. The continent has become an eager adopter and innovator in virtually all things digital and mobile. The more than 122 million active users of mobile financial services across Africa lends credence to this claim. However, when choosing locations, innovators have to be deliberate as they need to consider who will use their products. Expert opinion has it that being intentional about where to locate a business strongly impacts growth prospects and profitability.
Divided into winter and summer batches, US seed accelerator, Y Combinator (YC) invests $150,000 yearly in selected startups in exchange for 7% equity. However, starting from next year, the ticket size will reduce to $125k for the same amount of equity. Usually, these startups spend three months with the San Francisco-based accelerator before finishing off their activities with a Demo Day. But things have been slightly different this year due to the coronavirus pandemic. While the 197 startups from the Winter batch had participated in some sessions in the Valley, they had to virtually