At the time we reported on Nigerian cloud startups rallying behind some proposed data rules to escape the claws of foreign hyperscalers, something about the mood felt slightly off.
As 2025 heads into its second half, the question is no longer whether funding will return. It has. The question now is: where will it go next — and who will be left behind?
Just weeks after calling out Yellow Card over its alleged involvement with a dubious stablecoin scheme, the central bank has returned with another blacklist .
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
At the time we reported on Nigerian cloud startups rallying behind some proposed data rules to escape the claws of foreign hyperscalers, something about the mood felt slightly off.
Cerebrium is a serverless infrastructure platform that makes it easy for companies to build and scale data/AI workloads. With just a team of 4 across the US and South Africa, the startup scaled to doing millions in revenue.