| Date | Title | Description |
| 26.08.2025 | Tracking company laptops, other devices, with Rayda | When 54gene shut down in 2023, the collapse of one of Africa’s most visible biotech startups was widely read as a cautionary tale about scaling too fast in a volatile market. Yet for Ogochukwu Francis Osifo, who had co-founded 54gene and se... |
| 01.08.2025 | Nigerian court blocks sale of 54gene’s assets, as founder claims investor wrongdoing | A Federal High Court in Lagos has granted an injunction blocking the sale of 54gene’s assets, preventing the dissolution of what was once one of Africa’s most promising startups, according to court documents seen by TechCabal. Assets slated... |
| 20.12.2024 | The Rise of Innovative Biotech and Data Analytics in Healthcare | In the ever-evolving landscape of healthcare, two companies stand out: Indapta Therapeutics and PBR Life Sciences. Both are pushing boundaries, but in different arenas. Indapta is diving deep into the world of cancer and autoimmune treatmen... |
| 20.12.2024 | Techstars-backed PBR Life Sciences raises $1 million pre-seed funding | PBR Life Sciences, a Techstars-backed healthcare data analytics company, has raised $1 million in pre-seed funding. The company will use part of the funds to invest in AI infrastructure and expand into Ghana and Kenya.
The funding was raise... |
| 16.12.2024 | Nigeria’s Juicyway raises $3 million to help businesses solve FX shortage problem | Juicyway, a Nigerian cross-border payments startup that helps businesses get FX for international transactions, has raised $3 million in pre-seed funding. The company will use the funding to expand its marketing and business development tea... |
| 04.12.2024 | Treepz Founder Onyeka Akumah Showcases 10 African Startups to Global Investors at the First WithOnyeka Community Demo Day | WithOnyeka Community, a mentorship initiative has officially unveiled its first cohort of startups at its inaugural Demo Day, held recently. Founded by serial tech entrepreneur and founder of Treepz Onyeka Akumah, the initiative is designed... |
| 07.10.2024 | Vesti launches software engineering office in Lagos to simplify global migration | Leading migration fintech company, Vesti has expanded its physical locations to include a new Lagos office. The office is a significant milestone for the company as it strengthens its global presence as a migration powerhouse. It also provi... |
| 20.10.2022 | Bumpa raises $4 million in seed funding to help underserved SMEs grow and manage their business | Emerging e-commerce startup: Bumpa has announced a $4 million raise in its just-completed seed funding round. This round was led by Base10 Partners with participation from Plug & Play Ventures commerce fund, SHL Capital, Jedar Capital, ... |
| 05.09.2022 | Nestcoin’s Metaverse Magna raises $3.2 million to build Africa’s largest gaming community | Metaverse Magna (MVM), a blockchain gaming platform, has raised a $3.2 million seed sale token round to expand its efforts to build Africa’s largest gaming DAO and provide gamers with access to world-class opportunities. The second venture ... |
| 22.08.2022 | Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund | For most of 2022, founders globally have had one question: where are investors, and why aren’t they deploying funds into our brilliant startups? Some investors have blamed the funding winter on the economic recession, others have blamed exc... |
| 19.08.2022 | Microtraction hits $15M first close on its second fund for pre-seed investment in African startups | Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community Limited. The fund doesn’t have a set ta... |
| 18.01.2022 | After building for 18 months, cloud-based restaurant management platform, Orda, raises $1.1m pre-seed | Share this article:
Cloud computing in Africa hasn’t caught on as much as in the West. However, there are clear signs that the market is growing. The cloud computing industry in Africa and the Middle East is expected to be worth $31 billion... |
| 08.12.2021 | Techpoint Awards 2021: And the nominees are… | Share this article:
[Updated on December 15, 2021]: Payourse requested to be removed as a finalist in The Most Outstanding Crypto Exchange category.
[Updated on December 14, 2021]: The Most Outstanding Logistics Startup 2021 was renamed Mos... |
| 09.11.2021 | Nestcoin wants to create wealth with crypto beyond trading | With the adoption of blockchain and the tech it creates, crypto has given rise to exciting innovations like non-fungible tokens (NFT), decentralised finance (DeFi) and decentralised autonomous organisations (DAOs).
Emerging economies have e... |
| 03.11.2021 | Lemonade Finance raises $725,000 to ease remittances for Africans in the diaspora | Despite multiple international remittance products available for Africans to move money in and out of the continent, processing international payments is still far from painless.
That’s why Lemonade Finance, a Nigerian startup that wants to... |
| 03.11.2021 | Local Venture Capitalists Impacting Africa Venture Capital Market | The African Venture Capital Market over the past few years has seen major developments and an increase in volume. In a report by Max Cuvellier, African startups since the beginning of the year have raised more than $2.9 billion through over... |
| 02.09.2021 | Bumpa raises $200k pre-seed to build e-commerce solutions for African merchants | Bumpa, an e-commerce solution startup helping African retailers manage and grow their businesses from their mobile phones, has closed a $200k pre-seed funding round.
Ventures that participated in the round are Greencap Equity, Whogohost Ven... |
| 02.09.2021 | Angel investing and cutting cheques, Bumpa’s $200k raise, YC’s summer batch 2021 | Share this article:
Hi there,
Today, I’m discussing:
Angel investing with Biola Alabi
Bumpa’s $200k raise
African startups in YC’s summer batch 2021 Angel investing with Biola Alabi
Biola Alabi. Source: Supplied
Investing in startups is mor... |
| 15.07.2021 | An insight into how early-stage venture firm, Microtraction, invests | Share this article:
There are various paths for those looking to get into venture capital, and for regions like Africa where the concept is only just catching on, you are sure to find people with various backgrounds in the field.
For Dayo K... |
| 07.07.2021 | Ticketing platform, Tix Africa closes six-figure pre-seed round to scale its products | Share this article:
Self-service ticketing platform, Tix Africa has closed a six-figure pre-seed round to scale its event apps. The company also plans to expand operations to Ghana, Kenya, Uganda, and Egypt in H2 of 2021.
This raise will be... |
| 04.05.2021 | Microtraction’s novel approach to early-stage investments in Africa is paying off | From a fresh and relatable perspective, the Ask an Investor series focuses on conversations with investors in Africa – investment banks, sovereign wealth funds, private equities, venture capitalists and every other class of investors, expla... |
| 22.01.2021 | How fintech and serial founders drove African pre-seed investing to new heights in 2020 | When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria.
At the time, seven-figure seed investments in African startups were a rarity. But over the y... |
| 06.11.2020 | Data marketplace tech startup secures early-stage funding | CARMA, a data marketplace tech startup that aims to fill the gap in the credit reference and lending space where credit history and other traditional data sources are limited, has secured an undisclosed amount of early-stage venture capital... |
| 06.11.2020 | Data marketplace tech startup secures early-stage funding | CARMA, a data marketplace tech startup that aims to fill the gap in the credit reference and lending space where credit history and other traditional data sources are limited, has secured an undisclosed amount of early-stage venture capital... |
| 26.10.2020 | Nigerian fintech startup receives $25 000 in funding | Nigeria-based Venture Capitalist firm, Microtraction has invested $25 000 in Evolve Credit, a loan and financial marketplace aimed at assisting Nigerians to select the best-suited loan product.
Evolve Credit has received $25 000 in funding ... |
| 26.10.2020 | Nigerian fintech startup receives $25 000 in funding | Nigeria-based Venture Capitalist firm, Microtraction has invested $25 000 in Evolve Credit, a loan and financial marketplace aimed at assisting Nigerians to select the best-suited loan product.
Evolve Credit has received $25 000 in funding... |
| 30.04.2020 | Catalyst Fund welcomes four African investors into its exclusive fintech fold | Catalyst Fund, the global inclusive fintech accelerator managed by BFA Global, today welcomed six leading fintech investment firms into its fold which already makes up over 55 leading fintech investors in emerging markets.
Four of the six a... |
| 30.04.2020 | Catalyst Fund welcomes four African investors into its exclusive fintech fold | Catalyst Fund, the global inclusive fintech accelerator managed by BFA Global, today welcomed six leading fintech investment firms into its fold which already makes up over 55 leading fintech investors in emerging markets.
Four of the six ... |
| 06.04.2020 | Microtraction invests in Nigerian edtech startup Gradely | Lagos-based early-stage investor Microtraction has invested in Nigerian edtech startup Gradely.
Microtraction made the announcement in a blog post on Medium last week.
The startup was founded in August last year by Seyi Adelaju, Boye Oshi... |
| 06.04.2020 | Microtraction invests in Nigerian edtech startup Gradely | Lagos-based early-stage investor Microtraction has invested in Nigerian edtech startup Gradely.
Microtraction made the announcement in a blog post on Medium last week.
The startup was founded in August last year by Seyi Adelaju, Boye Oshina... |
| 04.03.2020 | Nigerian VC Microtraction ups ticket size offering to $25k [Updated] | Correction (5 March): An earlier version of this article had it that the investor would offer an additional $50 000 convertible note at a $1-million valuation cap in those investee companies that show significant progress.
Microtraction pa... |
| 04.03.2020 | Nigerian VC Microtraction ups ticket size offering to $25k [Updated] | Correction (5 March): An earlier version of this article had it that the investor would offer an additional $50 000 convertible note at a $1-million valuation cap in those investee companies that show significant progress.
Microtraction par... |
| 23.12.2019 | Insight: Microtraction’s strategy for investing in ‘remarkable’ startups | Venture capital firms desire merry returns on investment. Placing good bets in a business environment like Nigeria’s requires a flexible yet consistent philosophy.
For Microtraction, the early-stage venture capital firm, two principles are ... |
| 12.12.2019 | Microtraction invests in Ghanaian fintech startup Bit Sika | Lagos-based early-stage investor Microtraction announced yesterday that it has invested in Ghanaian fintech startup Bit Sika.
The Accra-based startup provides a money transfer service which uses digital or crypto currencies to enable users ... |
| 12.12.2019 | Microtraction invests in Ghanaian fintech startup Bit Sika | Lagos-based early-stage investor Microtraction announced yesterday that it has invested in Ghanaian fintech startup Bit Sika.
The Accra-based startup provides a money transfer service which uses digital or crypto currencies to enable users... |
| 14.11.2019 | Microtraction invests in Nigerian online marketing platform Termii | Lagos-based early-stage investor Microtraction has revealed that it has invested in Nigerian online marketing platform Termii.
Microtraction, which announced the deal yesterday in a post on Medium, did not state how much it invested in the ... |
| 14.11.2019 | Microtraction invests in Nigerian online marketing platform Termii | Lagos-based early-stage investor Microtraction has revealed that it has invested in Nigerian online marketing platform Termii.
Microtraction, which announced the deal yesterday in a post on Medium, did not state how much it invested in the... |
| 12.11.2019 | Chaka opens up global investing to Africa’s most populous nation | Fintech startup Chaka aims to open up online investing to Africa’s most populous nation, Nigeria.
The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in more than 40 countries.
Chaka ... |
| 19.07.2019 | Everything you need to know about West African startup landscape [2019 Update] | Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to t... |
| 19.07.2019 | Everything you need to know about West African startup landscape [2019 Update] | Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to t... |
| 09.07.2019 | Nigeria’s Microtraction launches Scout Initiative to search for more deals | Lagos-based early-stage investment platform Microtraction has launched a bid to source more deals and identify “high-trajectory” founders.
It follows the announcement yesterday by Microtraction of the launch of its Microtraction Scout Initi... |
| 09.07.2019 | Nigeria’s Microtraction launches Scout Initiative to search for more deals | Lagos-based early-stage investment platform Microtraction has launched a bid to source more deals and identify “high-trajectory” founders.
It follows the announcement yesterday by Microtraction of the launch of its Microtraction Scout Init... |
| 24.04.2019 | To Drive Inclusion, Fintech Solutions Should Focus on Last Mile Users | The British High Commission to Nigeria and EFInA (Enhancing Financial Innovation & Access), last week, convened an interactive session tagged Powering Financial Inclusion Through Fintech, to discuss furthering financial inclusion in Nig... |
| 09.04.2019 | Resplash to train up to 40 African women on how to code, start a business | Resplash, a training initiative, has called on African women keen on learning how to code, design and join or found a tech startup, to apply for its Resplash Leadership Programme — a three-month long online course with a coding and startup ... |
| 09.04.2019 | Resplash to train up to 40 African women on how to code, start a business | Resplash, a training initiative, has called on African women keen on learning how to code, design and join or found a tech startup, to apply for its Resplash Leadership Programme — a three-month long online course with a coding and startup ... |
| 26.03.2019 | Microtraction backs Nigeria’s Sendbox in investor’s first deal of the year [Updated] | In its first deal of the year, early-stage investment platform Microtraction has announced that it has invested in Nigerian tech startup Sendbox.
Sendbox provides shipping, escrow payments and discovery services to merchants and customers w... |
| 26.03.2019 | Microtraction backs Nigeria’s Sendbox in investor’s first deal of the year [Updated] | In its first deal of the year, early-stage investment platform Microtraction has announced that it has invested in Nigerian tech startup Sendbox.
Sendbox provides shipping, escrow payments and discovery services to merchants and customers ... |
| 22.02.2019 | Microtraction looking to invest outside Nigeria says partner Dayo Koleowo | Lagos-based early-stage investment platform Microtraction is looking to do “some non-Nigerian” deals this year, its former principal investment officer and newly appointed partner Dayo Koleowo has revealed.
Last year Microtraction — which w... |
| 22.02.2019 | Microtraction looking to invest outside Nigeria says partner Dayo Koleowo | Lagos-based early-stage investment platform Microtraction is looking to do “some non-Nigerian” deals this year, its former principal investment officer and newly appointed partner Dayo Koleowo has revealed.
Last year Microtraction — which ... |
| 15.02.2019 | ‘Real projects will get African regulators to shift stance on crypto, blockchain’ | Entrepreneurs who help develop real projects on the blockchain is what is likely to drive African regulators to begin regulating cryptocurrency and blockchain. So, believes Nigerian Yele Bademosi, the director of Binance Labs, the venture a... |
| 15.02.2019 | ‘Real projects will get African regulators to shift stance on crypto, blockchain’ | Entrepreneurs who help develop real projects on the blockchain is what is likely to drive African regulators to begin regulating cryptocurrency and blockchain. So, believes Nigerian Yele Bademosi, the director of Binance Labs, the venture a... |
| 16.01.2019 | “Microtraction will continue to thrive” — Yele Bademosi | Share this article:
Co-founder and Managing Partner at Microtraction, Yele Bademosi recently moved to cryptocurrency exchange, Binance as director of Binance Labs.
Suggested Read: Yele Bademosi of Microtraction goes to Binance
Following the... |
| 14.01.2019 | MEST opens applications for 2019 MEST Africa Challenge | MEST, the Pan-African training programme, seed fund, incubator and hub for tech entrepreneurs in Africa, has opened applications for the 2019 MEST Africa Challenge.
Finalists of the pitch competition, which is now in its second year, stand... |
| 14.01.2019 | MEST opens applications for 2019 MEST Africa Challenge | MEST, the Pan-African training programme, seed fund, incubator and hub for tech entrepreneurs in Africa, has opened applications for the 2019 MEST Africa Challenge.
Finalists of the pitch competition, which is now in its second year, stand ... |
| 06.11.2018 | Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies | Jake Bright Contributor
Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.
More posts by this contributor
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
Nigeria’s Autochek raises ... |
| 30.10.2018 | Nigeria’s Microtraction announces investment into Lagos-based fintech Riby | Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby.
Microtraction’s principal investment officer Dayo Koleowo made the announcement on the investment platfor... |
| 30.10.2018 | Nigeria’s Microtraction announces investment into Lagos-based fintech Riby | Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby.
Microtraction’s principal investment officer Dayo Koleowo made the announcement on the investment platfo... |
| 18.10.2018 | Nigerian rewards platform Thank U Cash secures funding from Ventures Platform | Lagos-based venture capital (VC) firm Ventures Platform has invested an undisclosed amount in Nigerian rewards platform Thank U Cash.
Ventures Platform founding partner Kola Aina announced the investment in a statement on blogging site Medi... |
| 18.10.2018 | Nigerian rewards platform Thank U Cash secures funding from Ventures Platform | Lagos-based venture capital (VC) firm Ventures Platform has invested an undisclosed amount in Nigerian rewards platform Thank U Cash.
Ventures Platform founding partner Kola Aina announced the investment in a statement on blogging site Med... |
| 09.10.2018 | Nigeria’s Microtraction announces its sixth deal, with cloud accounting startup | Lagos-based investment platform Microtraction has announced that it has invested in cloud accounting startup Accounteer — bringing the investor’s portfolio to six startups.
While Microtraction did not reveal the terms of the deal, the plat... |
| 09.10.2018 | Nigeria’s Microtraction announces its sixth deal, with cloud accounting startup | Lagos-based investment platform Microtraction has announced that it has invested in cloud accounting startup Accounteer — bringing the investor’s portfolio to six startups.
While Microtraction did not reveal the terms of the deal, the platf... |
| 27.06.2018 | Bitkoin Africa Has Secured An Undisclosed Amount Of Funding From Microtraction | Founders Timi Ajiboye, CEO/CTO. He is a self-taught multidisciplinary software developer. He has extensive experience with different aspects of software creation; Front & Backend web, Android, iOS, IoT, Machine Learning and Virtual Real... |
| 13.06.2018 | Announcing Microtraction’s investment in CowryWise | Share this article:
As an investor, deals come from everywhere. We first found out about CowryWise from Twitter; an account I follow had retweeted one of CowryWise CEO, Razaq Ahmed’s tweets about the startup.
I was immediately intrigued bec... |
| 21.08.2017 | Top startup events in South Africa, Africa you should know about this week [21/08/2017] | Looking to get into the South African startup scene or catch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of t... |
| 21.08.2017 | Top startup events in South Africa, Africa you should know about this week [21/08/2017] | Looking to get into the South African startup scene or catch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of t... |
| 19.07.2017 | Microtraction launches to invest in early-stage Nigerian startups with technical founders | Share this article:
For nearly a year, former country manager of Starta, Yele Bademosi has worked tirelessly behind the curtain on a new product. Microtraction, as he fondly calls this new venture, is on the verge of solving one major probl... |
