Lagos-founded payments startup Moniepoint raised $90M at a $1B+ valuation, after raising $110M in October 2024, and says it processes $250B+ yearly transactions
Bloomberg :
Lagos-based OmniRetail, which digitizes order management for manufacturers, distributors, and others, raised a $20M Series A, taking its total funding to $38M
Tage Kene-Okafor / TechCrunch :
Lagos-based Moove, which offers car financing to ride-hailing drivers, raised a $100M Series B led by Uber at a $750M valuation, up from $550M in August 2023
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million …
How Spotify's on-the-ground work in Nigeria, like hiring local staff, contributed to the success of Afrobeats, which grew 550% on Spotify between 2017 and 2022
Damilare Dosunmu / Rest of World : X: @anupkaphle See also Mediagazer X: Anup Kaphle / @anupkaphle : How Spotify helped turn Afrobeats into a global phenomenon Read @tarykuh's reporting from Lagos. H...
Lagos-based Moove, which offers car financing to ride-hailing drivers in Africa, the UK, India, and the UAE, raises $76M in equity and debt at a $550M valuation
Will Louch / Financial Times :
Lagos-based Helium Health, which provides SaaS tools, financing, and insights for health care providers and public health organizations, raised a $30M Series B
Tage Kene-Okafor / TechCrunch :
Sources: Lagos-based Sabi, which provides a marketplace, inventory management tools, and more to Africa's SMEs, raised a $38M Series B at a $300M valuation
Tage Kene-Okafor / TechCrunch :
Lagos-based payment service provider Nomba raised a $30M pre-Series B led by Base 10 Partners at a $150M+ valuation, per YC, after a $5M Series A in April 2019
Tage Kene-Okafor / TechCrunch :
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop 85%+ since its April 2019 IPO amid falling customer growth and mounting losses
David Adeleke / Rest of World : Tweets: @hkanji , @ulonnaya , @naijaflyingdr , @restofworld , and @eajene Tweets: Hussein Kanji / @hkanji : Another Rocket Internet success story stumbles https://rest...
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses
Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA Tweets: @ulonnaya , @restofworld , @eajene , and @naijaflyingdr Tweets: Tage / @ulonnaya : “You...