SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival
Joan Aimuengheuwa SMEDAN has created over 100,000 jobs in the last two years
StartUPs
YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI
Led by Race Capital, the round backs a new category of infrastructure that makes AI safe, observable, and…
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins
Founded by payment industry veterans Tom Greenwood and Eric Queathem, Velocity enables enterprises to move and manage capital…
Swedfund Commits $10m to Boost African Climate Tech, Innovation
Through this indirect investment, Swedfund aims to catalyse funding for early-stage local businesses developing solutions in renewable energy,…
Kwik Parent Company Declared Bankrupt
Despite this ruling, Kwik CEO Romain Peroit-Lellig insists that the company’s Nigerian operations are unaffected and financially stable
Vendease CFO Resigns After Leading Aggressive Restructuring
His exit comes at a time when the company is desperately working to cut losses, attract fresh investment,…
Glance Launches AI-Native Shopping App Backed by Google
It also marks the emergence of the ‘AI consumer’, one who doesn't wait to browse, but expects the…
Lagos Tops Global List of Fastest-Growing Tech Ecosystems in 2025
Lagos has grown its startup ecosystem valuation by 11.6 times since 2017 and produced five unicorns within the…
Is GenAI Actually Paying Off? Pay-i Just Raised $4.9M to Find Out
The seed round backs a new class of ROI-intelligence platform designed to track and forecast GenAI returns in…
Zoca Raises $6M from Accel to Transform Local Businesses Using Agentic AI
Discover how Zoca's AI agents automate growth for hyperlocal services
Gates Foundation Awards $5m grant to Axmed as a Boost to Maternity Products in Africa
As part of the global health movement to expand affordable access to high-quality medicines, the Gates Foundation has…
QuantumLight Closes $250M Fund, Publishes Hiring Playbook for Startups
At the same time, the firm is publicly launching its second operating playbook, Hiring Top Talent, designed to…
Sylndr Raises $15.7 Million to Reinvent Egypt’s Used Car Market
With this capital, the company seeks to double down on digitising one of the country’s most disorderly and…
Immersive Media Startup VUZ Raises $12m to Expand in Africa, Asia, and U.S.
Founder and CEO Khaled Zaatarah explained that IFC’s involvement came from its interest in underserved markets and VUZ’s…
Trade Lenda Celebrates 4 Years of Driving Financial Inclusion for Nigerian SMEs
Trade Lenda has supported thousands of MSMEs’ operations in over 100 markets nationwide, and over $10 million committed…