Nigeria’s Prospa has just closed a $3.8 million pre-seed round that will allow the fintech startup to offer small businesses banking and software services. The West-African-based firm caters to freelancers and entrepreneurs acting as the “operating system” for their businesses by providing bank accounts, tax support, advice on creating a unique name, and more. The start-up, launched by trio Frederik Obasi, Chioma Ugo, and Rodney Jackson-Cole, has already had some success over the last few months – in March, it was one of the 10 African startups participating in Y Combinator’s (YC)
Nigerian automotive tech company Autochek has announced the acquisition of Cheki Uganda and Kenya from Ringier One Africa Media in what has been described as a “milestone” move. Cheki, which first launched a decade ago in Kenya, has grown into a well-known car dealer site – spearheading the industry with 700,000 users and over 12,000 vehicle lists monthly. The start-up eventually expanded its operations to Nigeria, Ghana, Zambia, Zimbabwe, and Tanzania before ROAM was acquired in 2017. But now, according to a statement on ROAM’s website, the business where people can
Hubspot is hiring When Mohamed Gueye was six years old, growing up in Senegal, his interest in tech began when he saw a computer for the first time. His dad bought it, and he was fascinated by the images that were shown on its screen. Today, Mohamed works at HubSpot in Massachusetts as a technical lead. In this interview, he shares his path working his way up from a supermarket into tech, his experience at HubSpot, and the importance of not getting stuck into one way of thinking. Hi Mohamed,
Startup investing in Africa has come a long way, partly due to the work that angel investors do in helping startups take off. Angel investors are the individuals who provide early-stage financing for startups, helping them get off the ground, and hopefully attract bigger investments. Because they invest at the very early stages of a startup’s life, the chances of failure are really high, yet many startups may never get started without the money they invest. We spoke to Biola Alabi, an angel investor and the founder of Biola Alabi Media,
Following the first detection of the coronavirus in December 2019 in Wuhan, China, COVID-19 has reached pandemic proportions, affecting students and schooling at all levels. In a March 2021 press release, the United Nations International Children’s Emergency Fund (UNICEF) claimed that the temporary closure of educational institutions affected over 168 million children worldwide who stayed home as countries worked to flatten the curve. Consequently, schools transited to online learning. International human rights organization, Amnesty International, reported that students were cut off from schools when the COVID-19 pandemic hit South Africa, leaving hundreds and
In 2020, despite a global pandemic, a total of 89 companies gained unicorn status globally. According to CB Insights and as of January 2021, there are 537 unicorns worldwide with a total value of $1.6 billion. 2020 was a record year for investment into the African startup ecosystem. The African Tech Startups Funding Report 2020 highlights that 397 African startups have raised a fund equivalent to $701.5 million USD. Kenya, Nigeria, and South Africa stand out as the main destinations of capital, with 89.2% of the total amount of funds
More new Black-owned companies were formed in 2020 than at any time in the last 25 years. However, we do know the significant challenges Black and Brown founders face trying to gain much-needed venture capital and investment for their businesses. Despite a bleak outlook, some minority entrepreneurs have found ways to attract investment during a chaotic pandemic year. In fact, Black founders are raising record amounts of venture capital funds in 2021. How are founders finding investment? Lockdowns theoretically made investors easier to reach. Many founders are now more accessible virtually through Zoom and
This 27 year old Zimbabwean Teacher Scaled a Tutoring Business Just Using WhatsApp – Techish Podcast
Techish is back with a brand new episode! Abadesi and Michael discuss the story of Maxwell Chimedza who used his cellphone and WhatsApp to start a tutoring academy for his sudents in Zimbabwe during the pandemic. (16:50) They also break down: Black TikTokers on strike (0:50) White privilege, raising capital, and starting companies in Africa (8:50) Facebook hits a trillion and tech monopolies (21:50) Charles D. King talks privilege in film and challenging conventional narratives (29:08) Sponsors Get your ticket for Inbound 2021! Speakers include Oprah Winfrey, Tristan Walker and more! Register for
Their stories are inspiring. Meet 9 young and talented entrepreneurs who are committed to solving problems within their communities. They have launched and built businesses from the ground up before 30; these founders are leaving incredible contributions to the tech world. We wanted to highlight stories of a few young African entrepreneurs making a big impact in their communities and across their continent. Jean Bosco Nzeyimana, Rwanda Founder: Habona Jean Bosco Nzeyimana was named one of Forbes 30 Most Promising Young Entrepreneurs in Africa in 2017. At the age of
Techish is back with a brand new episode! Abadesi and Michael discuss thoughts on the Nigerian government banning Twitter, what that means for its citizens, and the trend of authoritarian governments banning social media platforms. (11:22) They also break down: Diddy to launch another digital marketplace for Black-owned businesses (0:39) Bezos going to space on first human spaceflight (2:47) How to get the rich to pay their taxes (4:50) Naomi Osaka takes a stand on her mental health (7:42) Extras: Techish on PatreonAdvertise with TechishPlease rate and review the Techish podcast Subscribe To The Techish Podcast On Apple
