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Startups Tag

Agritech Startups In Africa Invited To Apply To FarmCrew Innovation’s $50k Fund

Agritech startups in Africa are invited to apply to FarmCrew’s innovation fund which plans to award 10 African founded agritech startups to the tune of $50,000. FarmCrew Innovation Fund (FCIF) was created to support agritech startups by funding ideas and innovative solutions that improve agriculture in Nigeria and Africa. Here Is What You Need To Know FCIF aims to connect entrepreneurs to related agritech networks and create opportunities for investment.FarmCrew is in search of agritech startups with cutting-edge innovative(this word was used several times, try to source synonyms for innovative) ideas and solutions to positively impact the agriculture industry in Africa. After evaluating the concept, technology, scale-up, strength, and potential...

Catalyst Fund Launches A New $4.3m Accelerator Program For Ecommerce Startups In Ghana

Good news for ecommerce startups in Ghana. A new partnership between Catalyst Fund, Mastercard Foundation and MEST has birthed a new accelerator programme, known as Inclusive Digital Accelerator programme. This is Catalsyst Fund’s first expansion of its flagship inclusive fintech programme outside fintech.  “We’re thrilled to announce the first Catalyst Fund expansion programme, which builds on lessons learned supporting inclusive fintech companies in emerging markets over the last five years. Through the Inclusive Digital Commerce Accelerator, we aim to impact informal MSEs in Ghana who, particularly in light of the COVID-19 crisis, lack access to a financial safety net and find their livelihoods impacted when physical commerce suffers,”...

5 Nigerian Startups Selected To Join 7 Others At The Africa Tech Summit Connects (ATS)

Five Nigerian firms have been shortlisted among the 12 African startups to pitch live at this month’s digital Africa Tech Summit Connects in Kigali, Rwanda. This is to showcase their solutions to the global audience of 500 investors, corporates, and other stakeholders. Read also: Nigerian Ed-Tech Startup Edves To Raise Funding To For Further Expansion In Africa Disrupt Africa and Africa Tech Summit (ATS) disclosed it had reviewed its partnership to integrate startup-focused sessions plenary and pitching chances in its virtual Africa Tech Summit Connects event scheduled to hold virtually on the 20th – 22nd of October 2020. What you need to know ATS is a fully-virtual event and not...

Nigerian Agritech/Fintech Startups Have A Big Customer Education Problem

On the evening of June 12, 2020, three longtime friends — all in their mid-twenties — finally had a long-overdue reunion by taking advantage of the public holiday that accompanies the commemoration of Democracy Day in Nigeria. As it so often happens when the youthful trio gets together, it was only a matter of time before the conversation moved from “important nothings” to money matters. As they were all keeping busy working full-time jobs with subpar pay, they were always on the lookout for ways to beef up funds. When one of the trio, Val (not real name), spoke of a legit agro-investment startup that offers up...

Nigerian Digital Lending Platform Evolve Credit Raises $25k From Microtraction

Nigerian early stage investor, Microtraction, has announced its investment in Evolve Credit, a loan marketplace where people can compare loan offers from different lending institutions. Here Is What You Need To Know The total amount involved in this investment is $25,000 investment. Microtraction will correspondingly acquire 7% stake in Evolve Credit. This is Microtraction’s second investment this year after recently changing its terms of engagement in March 2020. In April this year, Microtraction invested in Gradely, a Nigerian ed-tech startup that applies artificial intelligence (AI) to improve learning outcomes in schools. Read also: Easy Solar Raises US$5m To Enhance Access To Clean Energy In West Africa A Look At What Evolve Credit Does On the Evolve Credit platform, Nigerians...

How To Perfect Your Fintech Story And Close Your Next Funding Round

It’s 2020, we’re in the midst of a global pandemic and in and out of lockdown, Kanye West (with Elon Musk’s blessings) tried to run for president, and the word ‘cryptocurrency’ is no longer a niche reserved only for people within the tech sphere. As we debate the future of money, the usability of Decentralized Finance Applications and how bizarre it is that influencers can now create their own cryptocurrencies to gift or sell to their followers, fintech startups continue to emerge all over the place.  While many of these startups have come up with big ideas that they feel will position them as top dogs in...

The Africa Blockchain Developers Call Is Set To Hold A Weekend Conference On Blockchain Technology And The Health Sector

Pan-African Bootcamp on blockchain technology, the Africa Blockchain Developers Call (ABDC), has announced its intentions to hold a weekend conference on the integration of blockchain technology into the health sector in Africa.  The Bootcamp, which was officially launched on the 5th of September, has taken in a host of African developers, in a bid to conduct intensive blockchain training sessions, and facilitate the deployment of specially-tailored solutions for various sectors in the African continent.  Read also: Unlocking Africa’s digital future By Philippe Le Houérou The Bootcamp also features virtual weekend conferences on several blockchain use-cases. These conferences, which feature platform presentations by companies and panel sessions on several...

Sharif El-Badawi And Hasan Haider Leave 500 Startups To Launch Independent Fund For Startups In MENA

Sharif El-Badawi and Hasan Haider, the managing partners of 500 Startups’ Middle East & North Africa fund (500 Falcons) are leaving the firm to start their own fund, 500 revealed in a statement today that announced the appointments of Bedy Yang as the new managing partner for Falcons I and Rina Onur as an advisor. 500 Startups has been investing in the Middle East & North Africa since 2012 but it launched its dedicated fund for the region in 2017 with Sharif and Hasan leading it. The fund was closed with $33 million in 2019 and has invested in over 175 startups across different stages (including pre-seed). It...

Cairo-based La Reina raises six-figure investment, launches a fashion subscription service ‘The Box’ for women

Cairo-based online fashion rental platform La Reina has raised a six-figure (USD) ‘seed investment’ from 500 Startups, Algebra Ventures, and some other angel investors, it announced in a statement to MENAbytes today. The exact size of the round was not disclosed. La Reina had previously raised $1 million in a funding round led by Algebra Ventures in 2018. The startup has also announced the launch of its fashion subscription service ‘The Box’ for women. The service that apparently has been available for a few months at least, enables customers to receive a box every week with 2-3 new or used (but dry cleaned and sanitized) day-to-day clothing items for a fixed monthly...

New E-Commerce Platform Launches To Support SMEs

A new e-Commerce platform, ShopESpot, has launched and aims to provide SMEs, business owners, and entrepreneurs an easy-to-use the platform to move their business into the online market. The impact of Covid-19 has caused many small businesses to reinvent themselves with a shift towards creating an online presence to manage sales and increase their customer reach.   Lisa Sukdev, Chief Sales and Marketing Director of ShopESpot explains the importance of businesses creating an online presence to bolster their business revenue.  Read also; Foodics Expands To Egypt And Hopes To Become Micro-Loan Lender “The Covid-19 pandemic has brought about disruptive innovation whereby trends, such as shifting business to an online platform, have...

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