Fintech: Breaking Down Funding Terms
Types of funding Equity funding: Equity funding involves selling a portion of a startup’s equity in return for capital. For example, the owner of Company A might need to raise capital to expand the business. The owner then decides to give up 10% of ownership in the company and sell it to an investor in […]
Tech Startup Watch: Eden Life Makes House Chores Easier For Lagosians
Lagos, the commercial city of Nigeria is home to about 14 million people. It is also the largest city in sub-Saharan Africa. Due to traffic congestion, hectic works schedules, and long working hours, the working class finds it overwhelming to cope with mundane tasks such as laundry, cooking, and home cleaning. Although laundromats, restaurants and domestic cleaning […]
Tips On How To Transition To A Tech Career
The rush into the technology space has been quite remarkable. Every day, there’s news of startups raising funds from pre-seed, seed funding, and Series A to others. For most Nigerians, the idea of technology starts and ends with coding so many people think that because of their career background, they have no future in technology. […]
Tayo Oviosu, The Software Engineer/Techpreneur
There has been a tremendous shift to a cashless and digital economy because certain situations can prevent branches of commercial banks to shut down temporarily when circumstances demand it. This week’s profile is on Tayo Oviosu, software engineer, founder, and CEO of a prominent payment solutions provider, Pagatech, the startup that paved the way for […]
Prospa Offers Small Businesses In Nigeria Banking And Software Services
Managing the daily operations of small businesses and keeping track of their finances can be strenuous, erroneous, and time-consuming during its growth phase. This is because there is no platform unifying different business processes such as business banking, inventory management, customer management, expenses, vendors management, etc. Read more about Tech Before Prospa was launched, most […]
Implications Of Data Breach To Fintech Companies
Cybersecurity is paramount when developing a fintech app. The trust between the company and customers is key to building stable and long-lasting partnerships. A fintech, who bridges the gap between customers and conventional banking, must protect its customer’s data to avoid data breaches. If a customer’s data is jeopardized, the security consequences can be drastic. Read […]
Payday Africa Application
Nigeria is home to some of the most talented and ambitious entrepreneurs in Africa and the world at large. They are providing solutions to problems for one of the biggest markets on earth. Sending money remains a complicated, time-consuming, and expensive process butPayday Africa has the vision and the product offerings to liberate Africans and […]
ThriveAgric, Improving Farmers’ Access To Input-Finance For Their Farms
ThriveAgric is an agric tech that provides easy access to finance, premium markets, and data-driven advisory for smallholder farmers. Fondly referred to as Farmily, their very essence rests on a technology-driven and agribusiness startup connecting farmers with access to finance premium markets, and passionate about ensuring global food security. Read more about Tech Founded in […]
Vendease, The Online Market Place For African Food Businesses
Food procurement by hotels and small and mid-sized restaurants in Nigeria is not only a complex process to manage but also challenging. The process is structured in a way that a business can easily run out of money or have ample savings. Most restaurants don’t have access to deal directly with farmers to get better deals […]
Ziroopay Raises $11.4 Million To Scale Its POS Solutions To Nigerian Retailers
In Nigeria, Point of sale (POS) terminals are used to process card payments at retail locations (shops, supermarkets, restaurants, etc) as well as for agency banking purposes, a branchless banking system where agents act like human ATMs. POS terminals have different functions and are provided by either banks or fintech. The most common type of […]
How Technology Boosts Nigerian Economy
Technological growth is crucial to economic growth and development, and the more advanced the technology available, the more quickly the local and global economy can improve. Advances in technologies have the potential to improve the standard of living, increase leisure time, reduce the poverty level as well as increase the capacity for developing a greater variety […]
Markhack 1.0: The First Nigerian Media And Marketing Hackathon
On Friday 8th of April 2022, Eko Innovation Centre, a prominent Nigerian tech hub, and GDM Group, leading Nigerian marketing, and innovation company will be hosting the maiden edition of Nigeria’s first Marketing and Media Hackathon tagged MarkHack 1.0. Read more about Tech The event will witness the gathering of innovators, entrepreneurs, tech enthusiasts, […]
Klasha Is Building Cross Border Commerce Solutions For African Consumers
Klasha is a fintech company that specializes in building unique software to power African commerce. Klasha is based in Lagos, Nigeria, and San Francisco, USA. The company is backed by Techstars. It is a solution for global merchants looking to serve the increasing African digital native consumers. Read more about Fintech Jessica Anuna, the Founder […]
Simple Android Tech Hacks
Android is the most popular and versatile operating system for smartphones in the world. This is evident through the fact that it accounts for almost 86% shares of sales in the smartphone market. It is constantly in competition with iOS and there have major scenarios where both have been compared. The main reason behind its […]
Basic Things To Consider Before Buying A Laptop
Having used laptops before is not an assurance that you’ll not encounter any problem while buying a new one. Due to the ever-changing technology, Laptop manufacturers now include new features, which makes it even tougher to select the right kind of laptop you need. Read more about Tech There are times when we end up […]
How Technology Can Impact Nigerian Startups And SMEs
The SME sector is the backbone of major developed economies, as well as contributesto employment and economic growth. In South Africa, SMEs account for 91% of businesses, 60% of employment, and contribute 52% of total GDP. In Nigeria, SMEs contribute 48% of national GDP, account for 96% of businesses and 84% of employment. Read more […]