Karin Fuentesová started off her career in the accounting sector, where she worked for 13 years. While working there, she observed how much time is wasted by people doing mundane tasks, such as manual data entry of invoices into accounting systems. After taking notes, Fuentesová launched Digitoo, which automates manual bookkeeping processes. Founded in 2019, the founder struggled to find investors but in 2021, it raised €900k in seed funding from Czech investors Kaya VC and Nation 1. For Fuentesová this was a huge success because only 46% of founders raise more than
Egypt and US-based MoneyHash has just emerged from beta with $3 million in pre-seed funding.
JéGO Technologies Inc, a Black-owned innovative tech firm based in Miami, Florida, has just begun manufacturing their self-driving vehicles called JéGO Pods. The company’s goal is to use its mobile platform to connect users with businesses that provide on-demand services like Flu Testing, COVID testing, IV therapy, and other services which can be brought directly to customers using driverless JéGO pods. To be released in late 2022, the firm was founded by Frederick Akphoghene, a Nigerian immigrant who started his career in tech at just 16-years-old, eventually building and partnering
It was rare to see a Nigerian startup raising $10 million ten years ago but now the country’s fintech unicorns are becoming just as valuable as its banks. Every other month we’re hearing about startups all over the country raising capital but a new report has found that in 2021, investors, including global giants SoftBank and Tiger Global, put a total of $1.37 billion into Nigerian startups, according to Africa: The Big Deal, a pan-African funding tracker. But to justify large valuations, companies need to demonstrate growth, which means spending big on customer acquisition.
Maci Peterson – who has sent her share of accidental text messages — tried to put end to the embarrassing-text-epidemic with the long-adored app she launched when she was just 28-years-old. Peterson launched On Second Thought back in December 2014 as a texting app that allows users to “take back” a text up to 60 seconds after it was sent before it reaches the receiver. It grew with 42,000 users. Called “The Texting Savior” by AT&T, On Second Thought was reportedly a patented, mobile delay/recall technology that lets users take back
Mdundo, an Africa-focused music streaming service, is banking on more partnerships with telcos across the continent to grow its earnings and user base. The optimism comes after a successful year. Last year, the Kenya-based company signed deals with MTN and Airtel in Nigeria, and Vodacom in Tanzania, which reportedly appeared to be paying off after its user-base almost doubled as it added paying subscribers as a source of revenue, according to media. According to TechCrunch, MTN and Airtel Nigeria have a combined customer base of 124.5 million, while Vodacom Tanzania
Coalition to Back Black Businesses, co-founded by the US Chamber of Commerce Foundation, American Express, and four leading national Black business organizations – announced the 491 Black-owned small businesses that have been awarded funding. The organizations, which are based across 39 states, were each awarded a $5,000 grant as part of a multi-year grantmaking and mentorship initiative. The recipients will be eligible to apply for enhancement grants of $25,000, which will be provided to a select number of 2021 grantee recipients in July 2022. The group itself was formed back
Major tech companies such as Apple, Alphabet, and Microsoft are among the West Coast names that have opened offices in Atlanta, hoping to capitalize on the technology talent in the city, especially Black talent, according to a report by TheGrio. Over the past five years, Atlanta has seen 15% growth in tech jobs, comparable with other notable tech cities — 16% for the San Francisco Bay Area and 10% for Austin, Texas, this is based on data collated by the CBRE. There are also a wide range of tech incubators,
Casava, the self-described “Nigeria’s first 100% digital insurance company”, has raised a $4 million pre-seed round. It was first founded by Bode Pedro. Before starting Casava, Pedro ran VisaCover, an insurance brokerage company, in 2014. The idea for Casava came while VisaCover provided an alternative in the auto insurance market by allowing drivers of Uber, which was one of its partners, to make weekly insurance payments instead of quarterly or yearly payments insurance partners before it operated, according to TechCrunch. He left the VisaCover company in 2016 and Pedro brought on Olusegun
Alejandro Cordero, a professor of electronics and the CEO & Founder of Innova Space, which is reportedly the only company in Latin America that specializes in the design and development of PocketQube pico-satellites. Innova Space was born from an educational project led by Cordero and his seventh-year students. Cordero had challenged his students of Technical High School, which is dubbed number five in the city of Mar del Plata, Argentina with designing a satellite in 2019. In the process, Innova Space received an offer from a startup accelerator. An investment of $100,000
