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Nigerian digital bookkeeping platform, Pastel, raises $5.5 million in seed round

The new funding would be deployed to expand Pastel’s product offerings and develop more productivity and finance management. ....

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Pastel, a Nigerian bookkeeping and digital platform for merchants, raises $5.5M led by TLcom – TechCrunch

There’s no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Traditional retail in the country comprises small kiosks and open-air markets selling […] ....

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IROKO co-founder Bastian Gotter raises $3.2M seed for new venture, Bamba – TechCrunch

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in […] ....

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