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Tag: Startup

Over 20,000 sign petition seeking justice for Bumpa co-founder
News

Over 20,000 sign petition seeking justice for Bumpa co-founder

A petition demanding justice for Adetunji ‘TeeJay’ Opayele, Co-founder and Chief Technical Officer of Nigerian retail automation startup Bumpa, has garnered over 20,000 signatures on Change.org. The petition, addressed to the Lagos State Government, seeks a manslaughter charge against the driver allegedly responsible for his death. According to Techpoint Africa, Opayele died on March 5, […]

Norwegian startup begins home trials for humanoid robot
News

Norwegian startup begins home trials for humanoid robot

Norwegian robotics startup 1X is set to launch early trials of its humanoid robot, Neo Gamma, in several hundred to a few thousand homes by the end of 2025, CEO Bernt Børnich confirmed. “Neo Gamma is going into homes this year,” Børnich stated in an interview at Nvidia GTC 2025. “We want early adopters to […]

News

Bumpa Co-Founder Adetunji Opayele passes away

Nigerian e-commerce startup Bumpa has announced the passing of its co-founder and Chief Technology Officer, Adetunji Opayele. Fondly known as “TeeJay,” Opayele reportedly lost his life in a car accident. Opayele co-founded Bumpa alongside Kelvin Umechukwu in 2021 with the goal of helping small and medium-sized businesses across Africa streamline their operations. The platform enables […]

Founders Factory Africa rebrands as 54 Collective vc firm
News

Founders Factory Africa rebrands as 54 Collective vc firm

After four years of accelerating startups across the continent, Founders Factory Africa has rebranded as 54 Collective, a sector-agnostic venture capital firm with a $40 million fund dedicated to investing in early-stage African ventures. “Today, we are a VC firm with a $40 million fund. In addition, we have $107 million backing our venture success […]

uLesson employees accuse CEO of toxicity, verbal abuse, others
News

uLesson employees accuse CEO of toxicity, verbal abuse, others

Current and ex-employees of edtech uLesson have accused the founder of the company, Sim Shagaya of fostering a toxic work environment marked by bullying, verbal abuse, micromanaging, discrimination, subjugation, and blindsiding. In a investigation released by Techpoint Africa examined the affected by the layoffs, who did not directly interact with the CEO or management. It […]

Tizeti CEO urges African startups to launch in multiple countries
News

Tizeti CEO urges African startups to launch in multiple countries

Chief Executive Officer of Tizeti, Kendall Ananyi, has emphasized the importance of African startups expanding into multiple countries to mitigate currency risks. Ananyi shared his insights through a blog post, drawing from his experience of investing in over 40 startups over the past eight years. Ananyi highlighted the challenge of skyrocketing exchange rates for African […]

Women-only ride-hailing platform HerRyde 'hibernates' after one year
News

Women-only ride-hailing platform HerRyde ‘hibernates’ after one year

After a year of operating in Nigeria’s capital city, Abuja, HerRyde, a ride-hailing platform exclusively for women, has decided to temporarily pause its services, known as “hibernation,” to refine its strategies and secure funding in preparation for an upcoming relaunch, Benjamindada reported. Motivated by a shared desire to create safer transportation options, Oluwafuyi, along with […]

API startup Thepeer shuts down, returns capital to investors
Startups

API startup Thepeer shuts down, returns capital to investors

The Nigeria-based API startup, Thepeer, which raised a $2.1 million seed round in June 2022, has announced the closure of its business and the return of its remaining capital to investors after struggling to achieve scalability, according to a statement released on Monday. The three-year-old startup acknowledged that despite its innovative technology, it faced challenges […]

Car financing start-up Moove raises $100m in Series B funding
Tech

Car financing start-up Moove raises $100m in Series B funding

A startup revolutionizing car financing for ride-hailing, Moove, has secured $100 million in its Series B funding round, reportedly spearheaded by Uber, TechCrunch reported. This investment comes on the heels of reports in February suggesting Uber’s interest in an equity stake in Moove. With this latest round, Moove’s total funding climbs to approximately $460 million, […]

Nigerian startups receive $220k grant from NSIA
News

Nigeria leads as African startups raise $217m Feb – Report

In February 2024, startups across Africa achieved a significant milestone by raising a total of $217 million, marking a remarkable 182% increase compared to the previous month, as reported by ‘Africa: The Big Deal,’ a platform monitoring startup deals on the continent. The firm had reported that African startups secured $77 million in January. The […]

Nigerian edtech startup AltSchool expands into Europe
Tech

Nigerian edtech startup AltSchool launches in Kenya

Nigerian edtech startup, AltSchool Africa has opened up in Kenya, its second biggest market by revenue, the company’s co-founder, Adewale Yusuf disclosed. East African nation, Kenya generates the second-highest income for the startup. As a result, AltSchool will now concentrate on offering its Kenyan clients direct assistance in addition to working to expedite local payment […]