Fintech startup Chaka raises US$1.5m pre-seed funding to expand its footprint

NIGERIA – Chaka, a fintech startup, has raised a US$1.5 million pre-seed funding round as it aims to expand its footprint to Ghana and other West African markets. The funding round was led by Breyer Capital and also featuring 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures. The funding will enable Chaka to continue on its mission to enable borderless investments across Africa and deliver digital investments solutions for African businesses. It will also be used towards the expansion of the startup’s footprint in West Africa to…

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Tech startup Ekeneze Technologies launches Inyinya Delivery App

NIGERIA – Ekeneze Technologies Limited, a technology start-up, has announced the launch of its first instant delivery services aggregation technology, Inyinya Delivery App, in Lagos State, reports This Day Live. Ekeneze Technologies is a technology start-up founded by Nigerian diaspora technology professionals in the UK, and also registered in Nigeria. According to the compay’s Managing Director/Chief Executive, the app is a mobile phone platform which will enable users of instant delivery services to be able to hail bicycle, motorcycle, car and van delivery riders and drivers at comfort and affordably…

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Ride hailing startup Plentywaka patners Autochek Africa for efficient services to its customers

NIGERIA – Plentywaka, an on-demand ride hailing startup, has announced a partnership with Autochek Africa to facilitate vehicle inspection, financing and maintenance for its teeming number of vehicle partners.  This partnership comes in the wake of plans to expand the Plentywaka Dailywaka ride-sharing service to over 7 new routes in a few days. “Just like Plentywaka, Autocheck Africa was born out of a need to disrupt an underutilized and unstructured industry,” Speaking on the partnership Onyeka Akumah, Co-Founder and CEO of Plentywaka said. “Now, a partner or heroes on Plentywaka…

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Healthtech startup CribMD acquires Charisland Pharmaceuticals

NIGERIA – CribMD, a healthtech startup, has announced its acquisition of Charisland Pharmaceuticals Group to ensure fast and efficient one-hour drug deliveries to its patients across Nigeria. The acquisition comes on the heels of CribMD’s US$2.6 million seed round in May 2021, which the startup says was oversubscribed. According to CribMD’s CEO, Ifeanyi Ossai, users would not need to wait two days for the delivery of their medications. Now, it can be sent to their homes, offices, or hotels in as little as one hour. Charisland Pharmaceuticals Group was founded…

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GTBank Limited appoints Miriam Olusanya as the new managing director

NIGERIA – The Board of Directors of Guaranty Trust Holding Company Plc (GTCO) has appointed Miriam Olusanya as the new managing director of GTBank Limited, its subsidiary. Miriam Olusanya has over 23 years’ banking experience that cuts across Transaction Services, Asset and Liability Management, Financial Markets, Investment Banking and Investor Relations. She holds a Bachelor of Pharmacy (B. Pharm) degree from the University of Ibadan, Nigeria and a Master of Business Administration (Finance and Accounting) from the University of Liverpool, United Kingdom. The has also attended several executive management and…

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Online travelling company Wakanow appoints Adenike Macaulay as its CCO

NIGERIA – Wakanow, an online travel company, has announced the appointment of Mrs. Adenike Macaulay as the company’s Chief Commercial Officer (CCO). According to a statement issued by the company on Monday, the Chief Executive Officer, Wakanow, Mr Bayo Adedeji, expressed confidence in the capacity of the new CCO. They said Macaulay would bring on board an invaluable and dynamic contribution to the company by expanding the already thriving commercial opportunities in the business, thereby enhancing the objectives and continuous growth of the company. Speaking on her appointment, Macaulay said…

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Flutterwave appoints Oluwabankole Falade as its new CRGRO

NIGERIA – Flutterwave, a payment technology company in Africa has announced the appointment of Mr. Oluwabankole Falade, as its new Chief Regulatory and Government Relations Officer (CRGRO). Flutterwave said Falade new role would include ensuring that the operations of the company are aligned with the policies of the agencies of government that regulate its activities. He is also expected to provide strategic oversight and government relation strategies to support Flutterwave’s vision. “We’re grateful for the conducive regulatory environments that have helped us carry out our business, safely and in the…

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GreenHouse Lab launches pan-African fintech accelerator for startups

NIGERIA – GreenHouse Lab, the flagship accelerator programme by Nigerian VC firm GreenHouse Capital, has opened applications for a pan-African fintech accelerator, which will offer startups access to mentorship and funding opportunities. Powered by Google for Startups, GreenHouse Lab is the acceleration arm of GreenHouse Capital, and has accelerated 15 leading African startups since its inception. The six-week programme will bring together the most innovative African startups, accomplished tech founders, global investors, and world-class corporate partners. The accelerator represents GreenHouse Capital’s vision of “founders backing founders” and the importance of…

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IFC appoints Kalim M. Shah as its Senior Country Manager for Nigeria

NIGERIA – The International Finance Corporation (IFC), an international financial institution, has appointed Kalim M. Shah as its Senior Country Manager for Nigeria in its support for the long-term, inclusive growth of Nigeria’s private sector. In his new role, Shah will lead IFC’s efforts to help strengthen Nigeria’s economy, create jobs and opportunities, and support the country’s private sector as it recovers from the effects of COVID-19. A national of Trinidad and Tobago, Shah joined IFC in 1998 after building a career in commercial banking in his home country and…

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Fintech startup GetEquity closes six-figure pre-seed funding round

NIGERIA – GetEquity, the Lagos-based fintech startup, has closed a six-figure pre-seed funding round led by GreenHouse Capital as it launches its first product, a venture-funding platform that connects entrepreneurs and investors. The pre-seed funding was from GreenHouse Capital, an African fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs. Founded by Jude Dike and William Okafor, GetEquity is a fundraising and venture portfolio management company that aims to reduce friction between founders and the funding they need by giving them access to a…

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