Top 2024 resources on nigeria
Best nigeria resource in 2024.
Learn more about nigeria to improve your e-commerce strategy.
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Africa: An Emerging Ecommerce Market with Many Challenges
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Africa has been a laggard in ecommerce for many reasons, including lack of internet access, poverty, a high rate of illiteracy, and logistical inefficiencies. Most of these problems persist but ...
Topics: countries, nigeria, delivery, ecommerce, online, internet, challenges, africa, mobile, market, million, payment, emerging. -
African e-commerce startup Jumia files for IPO on NYSE
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Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price and timeline for public stock sales will be determined over the coming weeks for the Nigeria-headquartered company. With a smooth filing process, Jumia will become […]
Topics: african, files, online, company, million, nigeria, startup, jumia, nyse, ecommerce, sales, ipo. -
Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online
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The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the moment. Today’s news is from Alerzo, a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. The company is announcing a $10.5 million Series A […]
Topics: alerzo, cities, informal, retail, business, bring, retailers, ibadan, million, nigerias, sector, nigeria, company, series, techcrunch, online, raises. -
Jumia, DHL, and Alibaba will face off in African ecommerce 2.0
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The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and […]
Topics: vc, african, jumia, techcrunch, online, dhl, africa, market, konga, services, ecommerce, startup, nigeria, alibaba, face. -
Konga Founder Sim Shagaya's uLesson edtech startup raises $3.1M
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Nigerian founder Sim Shagaya is back with a new startup — uLesson — that has raised a $3.1 million seed round led by TLcom Capital.
Topics: nigeria, shagayas, venture, startup, raises, konga, sim, founder, edtech, shagaya, ulesson, african, 31m. -
Microsoft opens Africa developer centers in Kenya and Nigeria
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Last year, when Microsoft executives were doing their due diligence ahead of paying $7.5 billion for GitHub, the software engineer marketplace, they might have been surprised by one unexpected data point.
Topics: github, kenya, africa, microsoft, yearthat, nigeria, insight, centers, opens, center, software, developer. -
Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa
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The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report. BNPL’s growth is further highlighted as GMV is predicted to increase from $204 million to over $1 billion […]
Topics: africa, credpal, store, scale, later, company, product, techcrunch, credit, bnpl, nigerias, equity, pay, consumers, secures, nigeria, debt, merchants. -
Regulators give mobile money in Nigeria a boost
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Nigerian telecommunications companies are in line to benefit from a change in banking regulations that will allow them to collect deposits, carry out payments and remittances, issue debit and pre-paid cards, provide financial advisory services and invest in government and central bank securities.
Topics: regulators, nigeria, financial, money, bank, central, telecommunications, apply, licence, mobile, boost, companies. -
Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria
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Nigeria’s informal trade sector, worth over $244 billion, has more than 40 million micro, small and medium businesses. Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services. One-year-old Sabi — a spinoff from Rensource, an African energy […]
Topics: outside, expands, closes, platform, round, retail, techcrunch, offline, b2b, sector, rensourcespinoff, company, adesina, sabi, african, nigeria, informal, ecommerce. -
Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent
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When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming good on that plan in the form of some M&A. Stripe is acquiring Paystack, a startup […]
Topics: 200m, paystack, nigeria, million, techcrunch, acquires, payments, nigerias, african, companies, stripe, expand, continent, company, stripes, way. -
TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa
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Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and helps with distribution, has raised $110 million in new equity and debt funding […]
Topics: merchants, retailers, raises, extend, novastar, debt, bnpl, retail, tradedepot, africa, techcrunch, ifc, company, work, nigeria, service, equity. -
Video: What does the future look like for Airbnb in Africa?
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As leisure and business travel across Africa increased steadily the last few years, companies like Airbnb looked to countries like Nigeria and South Africa for growth.
Topics: future, airbnb, video, does, think, look, travel, business, nigeria, booming, south, tourism, africa, guests. -
Visa partners with Paga on payments and fintech for Africa and abroad
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Visa has entered a partnership with Nigeria based startup Paga on payments and technology.
Topics: visa, startup, abroad, paga, fintech, work, payments, africa, partners, nigeria, network. -
Why this Nigerian fintech startup is volunteering audited financials
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Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG.
Topics: startup, nigeria, financials, techcrunch, tech, financial, nigerian, fintech, audited, jumia, company, volunteering. -
YC-backed Remedial Health raises $1 million pre-seed to digitize pharmacies in Nigeria
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Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. The round was led by Global Ventures and Ventures Platform, with participation from Ingressive Capital, Voltron Capital, Opeyemi Awoyemi’s (Jobberman co-founder) Angel Syndicate […]
Topics: digitize, supply, pharmaceutical, pay, preseed, system, million, ycbacked, products, nigeria, pharmacies, techcrunch, remedial, using, health, raises, pharmacy.