Tag: African Business

Opera’s OPay still plans Africa expansion on Nigerian super app

Opera’s Africa fintech startup OPay remains committed to building a multi-service super app in Nigeria as the foundation to expand on the continent. OPay also continues to operate ORide for limited passenger service — though the company is shifting the motorcycle ride-hail operation toward logistics businesses. These were some of…

Read More

Nigeria’s Helium Health raises $10M Series A for Africa expansion

Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke Olubusi told TechCrunch. The startup offers a product…

Read More

African fintech firm Flutterwave launches SME e-commerce portal

San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay — with no inventory or warehouse requirements. Flutterwave insists the move doesn’t represent any shift away from its core payments business.…

Read More

Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps

A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment startups and established financial institutions. Okra has raised $1 million in pre-seed funding from TLcom Capital —…

Read More

In Nigeria PalmPay waives fees and creates ₦100M COVID-19 payout fund

Africa focused payment startup PalmPay will waive transfer fees in Nigeria and offer direct payouts to customers who have contracted COVID-19 in the West African country. The venture — that launched in 2019 backed by China’s Transsion —  has created the PalmPay Support Fund. The initiative will start with 100…

Read More

WHO Africa hosts hackathons, offers seed funds to fight COVID-19

The World Health Organization in Africa is holding virtual hackathons and offering up to $20,000 in seed-funds to finalists with digital solutions to stem COVID-19. The regional office of the UN agency completed its first challenge earlier this month and will host a second, for French speaking Africa, in coming…

Read More