Category: Nigeria
Facebook to target Nigerian learners with educational app Sabee, created by its R&D team
Last fall, Facebook announced it was opening an office in Lagos, Nigeria, which would provide the company with a hub in the region and the first office on the continent staffed with a team of engineers. We’ve now spotted one of the first products to emerge from this office: an…
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Nexford University lands $10.8M pre-Series A to scale its flexible remote learning platform
Two profound problems face the higher education sector globally — affordability and relevance. Whether you live in Africa, Europe, or the U.S., a major reason why people don’t go to university or college or even drop out because they cannot afford tuition fees. On the other hand, relevance shows the…
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In search of a new crypto deity
Hello friends, and welcome back to Week in Review! Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and…
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Nigeria suspends Twitter operations, says platform ‘undermines its corporate existence’
The Nigerian government via its Ministry of Information and Culture today announced its decision to suspend the activities of social media platform Twitter in the country. The statement which was made by Minister of Information and Culture, Lai Mohammed, and signed off by his media aide Segun Adeyemi could see…
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SVB-led $100M investment makes Chipper Cash Africa’s ‘most valuable startup’
Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so. Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with…
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Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures
The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. But most of these companies and developers find it difficult to access real-time banking data. This, in turn, creates a bottleneck when onboarding and verifying customers. Since 2019,…
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