Antler – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Fri, 24 Oct 2025 14:01:08 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Antler – Tech | Business | Economy https://techeconomy.ng 32 32 Nigerian LegalTech Startup Lexlytic Joins Antler, Set to Redefine Compliance Sector https://techeconomy.ng/nigerian-legaltech-startup-lexlytic-joins-antler/ https://techeconomy.ng/nigerian-legaltech-startup-lexlytic-joins-antler/#respond Thu, 23 Oct 2025 16:04:56 +0000 https://techeconomy.ng/?p=169844 In a continent where regulations evolve faster than many businesses can track, two innovators are on a mission to change the narrative.

Chioma Wilson-Dike and Wilson Dike, co-founders of Lexlytic, are building what could become Africa’s most intelligent compliance companion, an AI-powered platform designed to simplify, structure, and automate the continent’s complex regulatory landscape.

It all started with a simple but daunting observation: across Africa, compliance remains largely manual, fragmented, and costly.

From banks trying to meet new central bank directives to startups navigating data protection laws, the burden of staying compliant often slows innovation. Chioma and Wilson saw this gap not just as a challenge, but as an opportunity.

“Compliance in Africa remains overwhelmingly manual, fragmented, and expensive,” Chioma explains. “At Lexlytic, we’re building the infrastructure that will make regulatory information transparent, connected, and intelligent.”

Now, that vision is getting a powerful boost. Lexlytic has joined Antler Lagos, the African hub of Antler, a global early-stage venture capital firm that builds and invests in groundbreaking startups from day one.

With a presence in over 25 cities worldwide, Antler identifies exceptional founders and helps them transform bold ideas into scalable ventures.

Its Lagos cohort focuses on supporting entrepreneurs solving Africa’s toughest and most high-impact problems, from fintech and healthtech to the fast-emerging LegalTech space.

LegalTech, the convergence of law and technology, is gaining traction across Africa as governments and businesses alike embrace digital transformation.

Yet, the compliance segment remains underdeveloped. Lexlytic aims to bridge that gap through artificial intelligence that can read, interpret, and convert regulatory documents into clear, actionable insights, effectively turning legalese into everyday language for compliance and ESG teams.

With Antler’s strategic support and investment opportunity, the Lexlytic team is set to deepen collaborations with regulators and enterprises, enhance its AI technology stack, and position itself for global scalability, starting from Africa’s evolving digital governance ecosystem.

For Chioma and Wilson, joining Antler is more than an endorsement; it’s a partnership rooted in shared vision.

“Joining Antler allows us to accelerate that vision,” Chioma says with conviction. “We’re not just solving a problem for Africa, we’re laying the foundation for a new era of transparent and intelligent compliance worldwide.”

What Antler Lagos Brings to the Table

Antler’s operation in Lagos has built a strong reputation for backing founders from idea stage and giving them the tools they need to become scalable ventures.

As reported, the programme combines early capital, a curated founder residency, global networks of 8,000+ entrepreneurs across 30+ cities, and intensive mentorship.

In practical terms, for Lexlytic this means:

  • Access to funding and support right at the inception stage.
  • A structured eight-week residency where founders validate their problem and test their solution with support from operators and mentors.
  • Connection to a global founder network and operator community.
  • A platform to scale from Nigeria, leveraging a continental base and positioning for global growth.

Joining Antler is big plus for Lexlytic in its quest to accelerate the roadmap: deepen partnerships with regulators and enterprises in the compliance ecosystem, strengthen its technology stack, and scale from Africa’s evolving LegalTech market.

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Enterprise Software Innovator Fastn Raises $2.6M to Accelerate Growth https://techeconomy.ng/enterprise-software-innovator-fastn-raises-2-6m-to-accelerate-growth/ https://techeconomy.ng/enterprise-software-innovator-fastn-raises-2-6m-to-accelerate-growth/#respond Fri, 06 Sep 2024 09:59:13 +0000 https://techeconomy.ng/?p=142478 Fastn, a company changing the way enterprises approach software application development through its innovative composable architecture platform, has announced a $2.6M Seed funding round. 

The round was led by LiveOak Ventures and Antler, enabling Fastn to pivot in the composable architecture space. 

Other investors, including Netlify Co-Founder and MACH Alliance executive board member Chris Bach and Loop Co-Founder Kyle Hency, also participated in the round.

With the growth of the digital industry, Fastn is keying in with its offerings of a transformative solution set to seamlessly compose and connect modular components, bringing a new standard for flexibility and efficiency in composable application development.

Each era of application architecture has required a new platform to integrate between components,” said Creighton Hicks, partner at LiveOak Ventures. “Composable – or headless – architecture is rapidly gaining mindshare, yet enterprises struggle to adopt it and rely on custom code to connect components. Fastn is uniquely positioned to be this new platform, enabling enterprises to easily adopt composable architecture.” 

The evolution of enterprise IT began with monolithic systems (pre-2000s), where TIBCO led in data integration. While these systems were powerful, they struggled with scalability and adaptability as business demands grew. 

The 2000s introduced Service-Oriented Architecture (SOA), with MuleSoft’s Platform emerging as a leader in API integration. SOA improved modularity but faced challenges with complex orchestration and limited flexibility. 

The 2010s saw the rise of microservices, which enhanced application development through API-centric and event-driven designs. However, this approach introduced significant complexity and difficulties in achieving seamless integration and observability.

Today, composable architecture (late 2010s to early 2020s) is being transformed by Fastn. Leveraging AI, Fastn simplifies the process of composing and connecting modular components, focusing on reusability, adaptability, and observability. 

Instead of custom-building applications from scratch, businesses can now rapidly compose and connect existing solutions, break down silos, and streamline their technology stacks.

Founded in March 2023, the company launched its proof-of-concept just a few months later and began to speedily acquire early adopter beta users. “Fastn is redefining application development for the modern enterprise,” said Khalid Muaydh, founder and CEO at Fastn. 

Our platform transforms the way businesses create and integrate composable applications, offering a flexible and efficient approach. We’re leading the charge in composable architecture, driving the future of enterprise software.”

Chris Bach, board member at MACH Alliance which offers a check-mark for enterprise-software, commented: “Composability is the future of development, though it comes with its own set of challenges. While it offers tremendous potential, the complexities of orchestration and operation involved can hinder progress if not done right. 

“Fastn’s mission is promising, as it aims to address something that is core for these challenges head-on, simplifying composing applications and enabling developers to focus on what truly matters—crafting exceptional user experiences.”

Fastn’s no-code/low-code platform makes complex integrations straightforward, enabling organizations to innovate and adapt with unprecedented speed.

The ability to orchestrate different data sources together allows Fastn to address real-time data accuracy, which recent research has shown is, alongside data security, one of the top two most important factors for computer users.

HP, a leading Fortune 100 company, has adopted Fastn’s composable platform to enhance its composable application development process. “Fastn has enabled us to connect our APIs with our customers’ applications and infrastructure, drastically reducing our time-to-market. With Fastn, what used to take weeks and months now takes hours and days” said Gaurav Roy, VP of Engineering at HP. 

Leveraging Fastn, we’ve eliminated development bottlenecks and significantly expanded the customer environments we address, connected disparate systems more efficiently, and significantly the scale our application can handle. 

“By white-labeling aspects of Fastn within our UI, we’ve empowered our customers with guided, self-serve capabilities, allowing us to meet their evolving needs. Backed by robust security and SOC-2, Fastn provides enterprise-grade assurance that HP requires to scale securely.”

Prerna Sharma, general partner at Antler, commented, “Fastn is now positioned to build the defining solution that will change the way engineers compose workflows and orchestrate real-time data, surpassing existing traditional iPaaS solutions.”

With recent enterprise contracts and growing user base, Fastn is now open for public access and is inviting developers to start building with Fastn today. 

In the coming months, Fastn will expand its platform with enhanced AI agent capabilities, empowering users to orchestrate multiple APIs with AI-driven automation. The company is using this momentum to grow the team—interested candidates can apply here.

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