For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
The company has leveraged its digital platform, My Fawry, which boasts over 10 million app downloads, to seamlessly integrate BNPL services for its users.
The charges against Oyebola follow a recent final judgment against Dozy Mmobuosi, the Nigerian entrepreneur who once led Tingo, a fintech company that claimed to revolutionize the agritech sector in Africa.
Smart Capital, authorized by the Conseil du Marché Financier (CMF) and mandated by the government of Tunisia, has undoubtedly built a framework through Flywheel.
While the exact size of the investment remains undisclosed, the strategic partnership is poised to drive VelyVelo’s expansion into MENA, where the demand for sustainable transportation is on the rise.
Nigeria’s Economic and Financial Crimes Commission (EFCC), which oversees Gambaryan’s case, has dismissed these claims as exaggerated, blocking a recent attempt to secure bail for the executive.
This year, Daba Finance stood out with its technology-driven investment platform, which facilitates capital raising for businesses of all sizes and sectors.
In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.
Tespire, based in Northern Nigeria, is addressing the critical gap in infrastructure in local schools, where administrative inefficiencies often hinder overall educational performance.
South Africa’s Startup Act Movement has garnered international attention and support, recently receiving a third round of undisclosed funding from the British High Commission’s UK-SA Tech Hub.
For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.
