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
This article was written by Tage Kene-Okafor and was originally published on African based publication Techpoint.africa In 2012, Jesse Ghansah, Prince Boakye Boampong, and Dominic Mensah began trying their hands on a new project, OMG Ghana. Three years later, the project would become a media startup, OMG Digital. At the time, the Ghanaian startup was dubbed the “BuzzFeed of Africa” and as a founder, Ghansah co-led his team into Y Combinator (YC), participating in the accelerator with the likes of Envyl, Flutterwave, Instabug, and Paystack in 2016. Up until 2019, Ghansah remained at OMG Digital but he has now
Subscribe To The Techish Podcast On Apple Podcasts, Spotify, And Other Platforms. In this episode of Techish Abadesi and Michael discuss: 😱 Why GPT-3 has us shook!🤦🏾♀️ Break down of the recent Twitter hack!🐻 Is Kanye okay?💰 Silicon Valley has money for African startups – if you’re not African Extras: Techish on Patreon: Advertise with Techish: Please rate and review the Techish podcast
It took a white man, CEO of Twitter Jack Dorsey, to point out one of the most powerful, yet underrated stories coming out of Africa, when he said “ Africa will define the future of Bitcoin.” I am here to tell you that story. After years of poor governance and corruption, the time has now caught up with Africa’s states. They are unable to generate enough job opportunities for the millions of digital native Africans that spend 6 hours every day glued to their WhatsApp, Tik Toks, selfies and hyper-localized
It’s fair to say Kenya’s predominantly informal sector is currently under shock, due to the impact of the ‘rona’ and the measures and mitigations that have followed: quarantines, social distancing rules, curfews, restrictions and possibly lockdowns. M-Pesa inextricable link with Kenya’s biashara economy [small trader economy] fully exposes it to this shock. Newly appointed CEO Peter Ndegwa of Safaricom and M-Pesa admitted to Reuters , that the mobile payments darling of Africa and East Africa is fully dependent on the economy of Kenya. It has only been a month of subdued biashara,
