Connect with us

Fin-Tech

Google to invest $1 billion in Africa over the next 5 years.

Published

on

At the principal virtual Google for Africa occasion today, Sundar Pichai, CEO of Google and Alphabet, declared an arrangement to contribute $1billion more than 5 years to help computerized change in Africa. 

The speculation centers around empowering quick, reasonable web access for additional Africans; building accommodating items; supporting business and private venture; and assisting philanthropies with further developing lives across Africa. 

As a component of Google’s obligation to supporting Black-drove new businesses in Africa, the organization declared the dispatch of an Africa Investment Fund. Through this asset, it will put $50M in new companies and give them admittance to Google’s workers, organization, and advancements to assist them with building significant items for their networks. This is notwithstanding Google’s current help through the Google for Startups Accelerator Africa, which has assisted in excess of 80 African new companies with value free money, working space and admittance to master consultants throughout the most recent three years. 

We anticipate developing our organization with, and support for, Africa’s trend-setters and business visionaries.”

Stay tuned to nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fin-Tech

Lagos Angel Network appoints new board.

Published

on

The Lagos Angel Network (LAN) has named another Board of Governors (BoG) to direct its issues, viable from today October 1, 2021. 

As indicated by a LAN explanation, the new board, led by Kola Aina, General Partner at Ventures Platform, has the command to reposition the association with an emphasis on enrolling and teaching nearby private backers and advocating support for beginning phase putting resources into Nigeria. 

Different individuals from the BoG are Biola Alabi, author, Biola Alabi Media, who will sit as Deputy Chair of the BoG; Yemi Keri, prime supporter, Rising Tide Africa; Olumide Soyombo, fellow benefactor, Voltron Capital; Iyin Aboyeji, organizer, Future Africa; and Gerrad Olisa-Ashar, fellow benefactor, Diaspora Angel Network.

Stay tuned to nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps

Continue Reading

Fin-Tech

PaySika secures funds to provide neobank services in francophone Africa

Published

on

PaySika, a monetary innovation startup creating versatile and online financial answers for French-speaking African nations, today declared that it has gotten a €300,000 ($348,000) pre-seed venture from private supporters in the French, London, and Nigerian tech startup space. 

Established in 2020 by Roger Nengwe and Stezen Bisselou, PaySika professes to be the principal business-to-client (B2C) neobank in the area that works with a chatbot on well known informing applications, including Facebook Messenger, WhatsApp, and Telegram. As per an organization articulation, this permits clients to do their exchanges as basic as sending a SMS. 

Regardless of the expansion of monetary administrations in Africa over the previous decade, there’s been a tirelessly underserved hole in the francophone part of the mainland. Over 80% of the populace in the area, or more than 120 million individuals, don’t approach bank administrations. 

With business banks for the most part centered around the best 10-20% richest clients, versatile cash arrangements from the district’s telcos and fintech new companies have been critical to stretching out admittance to monetary administrations. At present, over 60% of the populace utilize versatile wallets.

Stay tuned to nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps

Continue Reading

Fin-Tech

Eden Life raises $1.4m to digitise house chores.

Published

on

Eden Life, a Nigeria-based startup digitizing home help for homes across Africa, has raised a seed round of $1.4 million to increase more portion of the overall industry, carrying its absolute venture to $2 million. 

The venture round was driven by LocalGlobe with cooperation from Africa-centered VCs, Future Africa, Samurai Incubate, Village Global, Rising Tide Africa and Enza Capital. 

Eden Life was established in 2019 by three ex-Andela staff members, Nadayar Enegesi, Prosper Otemuyiwa and Silm Momoh, on a $600,000 pre-seed round from loved ones, to target twenty to thirty year olds and Gen Zs who are too occupied to even consider shuffling house tasks with their positions, particularly those in the tech space.

Stay tuned to nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps

Continue Reading

Trending