Startups – Africa Tech Digest

Nigerian fintech HerVest wants to bring financial inclusion to more African women

22Sep

By Africa Tech DigestNo Comments

Fintech, Nigeria

Nigerian fintech HerVest wants to bring financial inclusion to more African women

After years of working in marketing for a number of financial services companies, Solape Akinpelu came to a conclusion: There was an “alarmingly low adoption” by women for financial services in her home country of Nigeria and all of Africa as a whole. “I could see women living the reality around me,” Akinpelu recalls. “These women could not make sound financial decisions. Some of these women that do not even know that they could do better with their money.” She found that the problem is particularly acute for women living in rural areas, especially those working on farms. Continue reading Image: Hervest co-founder and CEO Solape Akinpelu / Hervest

54gene’s Series B, Vilsquare’s founder’s journey, Techpoint Africa’s Privacy Roundtable

On Thursday, September 16, 2021, African genomics research startup 54gene, announced a $25 million Series B round. The funding will be used to expand the startup’s sequencing, target identification and validation, and precision medicine clinical trial capabilities, enabling drug discovery in Africa for Africans and the world.Advertisement Cathay AfricInvest Innovation Fund led the round. Existing investors like Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, and Ingressive Capital participated in the round. Launched in 2019 by Dr Abasi Ene-Obong (CEO), 54gene is a healthtech company centred around unlocking scientific discoveries and enhancing diagnosis and treatment outcomes across Africa and the rest of the world. Continue reading Image: techpoint.africa

5 Nigerian startups you should pay attention to in 2018

This past year wrapped up with several notable events surrounding the Nigerian tech scene. While some events provoked watery eyes, such as the passing on of young talents, there was also a lot to rejoice over. More local startups caught the attention of foreign investors, and the tech scene is decentralising from Lagos and emerging in other states. Furthermore, Nigerian startups have shown doggedness in their quest to solve problems in the country as more keep springing almost on a daily basis. There’s a chance that these only signal the beginning of brighter and more achievements in the new year. While we await more, here are 5 Nigerian startups you shouldn’t take your eyes off as 2018 creeps in. Monapay Monapay, a fintech startup, launched in 2017 intends to go...