Early-stage venture capital firm Microtraction, which invests in African tech startups at the pre-seed stage, has announced a US$15 million first close of its
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 target at the moment, the founding partners told TechCrunch, but it achieved the first close at $15 million. […]
Nigerian startups are having a moment. Tech startups based in the African nation raised more than $1 billion of capital in 2021 from more than 300 individual and institutional investors, representing a more than 60% increase over the amount raised between 2018 and 2020. Here are four of the Nigerian startup scene’s recent breakout stars.
UCMAS Education Nigeria Limited, in conjunction with Cowrywise and Indomie has rewarded school children who participated in its National TV show, with cash and investment worth over N10m.
Africa's growing fintech industry is poised to play a greater role in financial services. Hence, cooperation between innovators and regulators is crucial.