-
3 days ago | 
techpoint.africa | Chimgozirim Nwokoma
BAS Group, a Nigerian diversified financial services group, has acquired a majority stake in Zuvy, a local fintech startup focused on invoice financing. The company now owns over 50% of Zuvy following the acquisition, though both parties declined to disclose the exact financial terms.
-
3 days ago | 
techpoint.africa | Chimgozirim Nwokoma
When Irene Nwaukwa decided to launch Infinity Health Africa, her goal was “to improve access to innovative healthcare products and services across Africa.” A few months before, she had told anyone who cared to listen that she had no interest in entrepreneurship, preferring the stability a 9-to-5 offered. “I never planned to be an entrepreneur. One month before I became an entrepreneur, I kept telling people I wasn’t going to do any business,” she says.
-
5 days ago | 
techpoint.africa | Chimgozirim Nwokoma
In 2024, PaidHR launched a cross-border payroll feature as part of efforts to stave off the effects of a currency devaluation in its primary market, Nigeria. Today, Co-founder and CEO Seye Bandele says it makes up 15% of the startup’s revenue and is one of the products it intends to double down on following a $1.8 million seed round. Accion Venture Lab led the round, which brings PaidHR’s total funding raised to $2.3 million.
-
5 days ago | 
techpoint.africa | Chimgozirim Nwokoma
Chowdeck has acquired Mira, a one-year-old restaurant point-of-sale and management system, in a move that underscores the startup’s push beyond last-mile logistics into the operational core of food businesses. While the acquisition price was not disclosed, Chowdeck CEO Femi Aluko said the deal would help the company solve its challenges with inventory management.
-
1 week ago | 
techpoint.africa | Chimgozirim Nwokoma
LemFi, a Nigerian-founded fintech offering remittance services to African migrants, has acquired Pillar, a UK-based credit card issuer. The deal strengthens LemFi’s product suite, allowing it to go beyond cross-border transfers to offer debit cards, multi-currency wallets, and in-app credit to users lacking UK credit histories. It also reflects a growing trend among African fintechs to secure global licensing infrastructure as a pathway to scale and trust.
-
1 week ago | 
techpoint.africa | Chimgozirim Nwokoma
In March 2025, TechCrunch reported that Vendease, a Nigerian startup digitising the supply chain for food businesses, was restructuring its pay structure. According to the report, employee salaries would be cut, with all employees earning ₦140,000 regardless of what they previously earned. That was to be the first stage in a five-step plan that would see them return to previous earnings by December 2025, contingent on the company’s performance.
-
2 weeks ago | 
techpoint.africa | Chimgozirim Nwokoma
A team building a digitised mapping solution for South African townships has emerged winners of the inaugural hackathon hosted by angel syndicate Innovate Africa Fund. The team of five, made up of Lucy Kgware, Thina Mathebula, Phumla Makhoba, Sicelo Shange, and Lerato Masango, beat out 10 teams from across Africa to claim the top prize at the hackathon.
-
2 weeks ago | 
techpoint.africa | Chimgozirim Nwokoma
Flutterwave has the unique distinction of being one of only nine unicorns in Africa. Since its 2015 launch, the fintech has raised nearly half a billion dollars from investors. It now serves more than a million businesses, including household names such as Uber, MTN, Microsoft, and Air Peace. But when it’s not teasing IPO plans or planning an expansion, it’s seeding a new generation of tech founders.
-
2 weeks ago | 
techpoint.africa | Chimgozirim Nwokoma
OmniRetail founder Deepankar Rustagi has co-invested in the South African basketball team, Cape Town Tigers, alongside Silverback Holdings. Silverback Holdings, an investor in Rustagi’s eCommerce startup, has also partially exited its investment in the company, which was recently named Africa’s fastest-growing company by the Financial Times.
-
2 weeks ago | 
techpoint.africa | Chimgozirim Nwokoma
Over the last 15 years, Andrew Mori has built technology products and led engineering teams for businesses across Africa. After leaving Konga, where he was the eCommerce company’s Director of Technology, he started Deimos, a cloud solutions provider that has previously been named one of Africa’s fastest-growing companies. Across these roles, he observed that developers frequently relied on multiple software applications, many of which offered features they rarely used.
