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Startup

Black tech entrepreneur Bill Spruill reportedly turned his employees into millionaires when he sold his startup Global Data Consortium for an undisclosed amount. Global Data, which he launched make in 2012, makes software that verifies the identity of people behind online transactions, an important step in eliminating potential fraud. Though financial details have not yet been revealed, Spruill described the deal to Axios as a “Bronto-level transaction,” which was acquired by NetSuite for $200 million in 2015. When Spruill started the Global Data Consortium he only raised $5 million from investors – this is rather

OnePort 365, a platform that claims to solve problems by providing end-to-end digitization of freight management for stakeholders, is building an operating system for cross-border trade in Africa. It says its platform covers air freight, ocean freight, inland haulage (trucking, barge, and rail), pay-as-you-go warehousing, marine insurance, and customs brokerage.  Traders can connect with shipping and inland transportation vendors and manage the entire process (from booking to payments), including real-time visibility of their shipments. When it comes to payments, OnePort 365 claims to aggregate different methods enabled by the Pan-African

Emmanuel Okeleji is the co-founder and CEO at SeamlessHR, a cloud-based HR and payroll technology company that recently announced its $10 million series A. His work and entrepreneurial experiences span multiple industries, including healthcare, agriculture, and education. By the end of medical school, Okeleji had gone through a Goldman Sachs investment banking internship and kicked off an incorporated software development company alongside his current co-founder, Deji Lana. One of the tools they built back in the mid to late 2000s, a software tool for cooperatives, is still in use today.

Insurtech Etap is now on a mission to expand its services across the West African country following a $1.5 million pre-seed funding round led by Mobility 54; the venture capital arm of Toyota Tsusho and CFAO Group. Founder and CEO Ibraheem Babalola started building Etap last year when he found himself frustrated by the complexities and delays involved in purchasing insurance. “The idea itself is from being a frustrated customer; my insurance would expire and I wouldn’t get a notification to renew it…I always had to make a call to a guy

While the tech world still remains a heavily male-dominated sphere, there are a growing number of female trailblazers paving the way. Here’s a bite-sized introduction to their achievements and stories below. Anna is a technical co-founder of Lioness, the women-led sexual health startup that built the world’s first and only smart vibrator that improves understanding of sexual pleasure and body through biofeedback data. Before Lioness, Anna worked at Amazon Lab126’s concept engineer team, and helped launch the Kindle Voyage. She also teaches at Scientific Adventures for Girls, a non-profit that

Timeless London-based watch and accessories company, Vitae, reached two major milestones last year securing $1million in sales and distributed 5,000 solar lamps to Sub-Saharan school children. The solar-powered lamps were distributed in partnership with Pen to Paper Ghana, a Ghanaian non-profit that works to deliver lamps to students so that they can complete their school work with efficient lighting. But now its founder William Adoasi has just announced that the brand is launching each limited edition watch with an NFT. Talk about innovative! In a video, Adoasi said: “It’s William

Floyd Mayweather has announced the drop of a new NFT Project called Mayweverse. The project will consist of 5,000 NFTs and is set to launch on Wednesday. Fans on Twitter, however, are not pleased with the announcement and accused him of scams, taking people’s money, and abandoning projects. There will be five different NFT cards with a quantity of 1,000 available for each. In a tweet on the official Mayweverse account, it tweeted: “The mint price will be 0.3ETH bringing you maximum profit and value.” Floyd had previously launched a

Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation (IFC), it was reported on Wednesday. Wale Ayeni wrote: “After 5+ thrilling years at the IFC, last week was my last. I cannot but be grateful for the years filled with purpose, joy, learning and growth working alongside extremely passionate and mission-driven colleagues focused on changing the narrative in emerging and frontier markets, with action, and through technology. “The wealth, breadth & depth of the experience was only possible by

Launched in 2016 as a Nigerian and U.S.-based payments company with offices in Lagos and San Francisco, Flutterwave helps businesses build customizable payments applications through its APIs. It’s known as an African giant in the tech space with multiple successful rounds. It recently announced that it had closed $170 million, valuing the company at over $1 billion. But the flourishing startup has been hit with serious bullying allegations. Clara Wanjiku Odero, a former employee of African payments giant and unicorn Flutterwave, accused the company’s chief executive officer Olugbenga ‘GB’ Agboola of bullying and

Churpy, a Kenyan fintech startup, has secured a $1 million seed round led by Unicorn Growth Capital. Also participating were Antler East Africa, Nairobi’s business angel network, and a group of Rally Cap LPs. The round will be used to support expansion to Egypt, Nigeria, and South Africa. The startup said it wants to transform how businesses manage the debt owed to them by their customers through its Software as a service (SaaS) product – which automates the labor-intensive processes of reconciling incoming payments and invoices that are still predominantly manual for most local

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