Online learning platform Edukoya raises US$3.5m pre-seed funding for its transition plan

NIGERIA – Edukoya, an online learning platform, has raised US$3.5 million in a pre-seed funding round led by Target Global, which it will use to transition from beta to live launch and build its team and customer base. The round was led by Target Global and saw strategic participation from angel investors including European and African founders such as Paystack’s…

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Fintech Flex Finance raises pre-seed funding round to support its growth

NIGERIA – Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business spending and finances, has raised a six-figure pre-seed fundraising round to support its growth in Nigeria. Gumroad CEO Sahil Lavingia, LoftyInc Capital Management, Berrywood Capital, Paradox Capital, Kairos Angels, Brett Kopf, Julian Shapiro, Maneesh Arora, and others recently invested in…

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Aboki Africa startup raises pre-seed funding to scale up its product

NIGERIA – Aboki Africa, a money transfer startup, has raised an undisclosed round of pre-seed funding to help it expand its team and scale its product. The startup’s pre-seed funding round was led by Mr Abdul Hassan, CEO of fellow Nigerian fintech Mono, and also includes Niche Capital, Ingressive Capital, Decimal Point Ventures and other strategic investors. The capital will…

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Logistics startup Errand360 raises pre-seed funding round for its expansion plans

NIGERIA – Errand360, a logistics startup which was built to serve users with demand for quick and short errands within their communities and on-demand delivery services, has raised an undisclosed amount of pre-seed funding to expand across Africa. The funding, which was led by Prof Ndubuisi Ekekwe of Tekedia Capital, will be used to acquire infrastructure, expand, and grow its…

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Fintech company Payday raises US$1m pre-seed funding to build new offering

NIGERIA – Payday, a Pan-African financial technology company, has raised US$1 million in pre-seed funding to build out what they believe will be the “PayPal” for Africa. The round had participation from several investors including LofyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network, Emergence Capital and Olugbenga Agboola (GB). Others include…

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E-commerce startup OurPass closes US$1m pre-seed round to scale across the country

NIGERIA – OurPass, an e-commerce startup, has closed a US$1 million pre-seed round led by Tekedia Capital and angel investors from Fortune 500 companies to scale across the country. OurPass is an Abuja-based solutions provider offering the fastest one-click checkout technology for digital commerce in Africa and describes itself as the “Fast for Africa”. OurPass provides innovative solutions that facilitate…

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Fintech startup CreditFins secures Pre-Seed funding round

EGYPT – CreditFins, Credit Card management platform and fintech startup, has successfully acquired an undisclosed amount in a Pre-Seed funding round led by Flat6Labs, AUC Angels, TA Telecom Holding, and other strategic angel investors with backgrounds in technology and investment. This latest funding round adds to the 10PP growth in early-stage investments (of ticket sizes lower than US$500,000) Egypt observed…

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