Shezlong, Octiv, C. Moore Media, RiseBack, Eyowo, Duplo, Grey, Pezesha, Sony, Anchor. These are some of the names that made the headlines in the tech ecosystem this week.
A Nigerian payment solution startup, Eyowo, during the week, launched its payment offering, Better Card, after fulfilling certification requirements by Mastercard.
Also, a Nigerian B2B payment platform, Duplo, secured $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
Let’s get into details.
Leading our reel this week is the story of Egyptian psychotherapy startup, Shezlong, which launched its business in South Africa as ‘Upright’.
Mohamed Alaa, CEO of Shezlong, made the disclosure in a statement on Friday.
What you should know: Shezlong is a Cairo-based online mental health platform that allows patients to be connected with licensed therapists via video visit on mobile or web.
Up next is the story of Octiv’s funding raiser. Tech correspondent Kayode Hamsat reported that South African fitness management startup, Octiv, secured an undisclosed received Series A investment from Knife Capital.
Keet van Zyl, the founder of Knife Capital, confirmed investing in Octiv in a media release seen by Ripples Nigeria on Friday.
What you should know: Octiv also known as BoxChamp is a popular platform for gym management software based in South Africa.
Talking about acquisition, during the week, Allison+Partners, a San Francisco-based communication firm, announced the acquisition of African-focused tech PR agency C. Moore Media International Public Relations (CMM) in an undisclosed deal.
CMM made the deal known on its official Twitter handle seen by Ripples Nigeria on Friday.
What you should know: C. Moore Media International bills itself as a boutique independent PR agency specializing in the African, European, and American markets.
What about Edtech? During the week, we also tracked the news of an Indian varsity-backed edtech platform, RiseBack, that announced expanding its footprint into Africa.
The founder, an Indian American Social Entrepreneur, Dr. Tausif Malik, confirmed the development in a press statement forwarded to Ripples Nigeria.
What you should know: The African launch comes on the heels of an initial launch in the USA, and is expected to open Africans to an alternative to the existing mortal and brick university.
Meanwhile, a Nigerian payment solution startup, Eyowo, has launched its payment offering, Better Card, after fulfilling certification requirements by Mastercard.
The VP of Products for Eyowo, Ope Adeyemi, confirmed the new launch in a media statement on Wednesday.
What you should know: 500 users subscribed to Better Card in the first phase of the release, and is now open to the public.
Nigeria played it big on fund raiser as another Nigerian B2B payment platform, Duplo, secured $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
Yele Oyekola, CEO and co-founder of Duplo, confirmed the latest funding in a media release on Wednesday.
What you should know: The latest funding saw participation from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator while Oui Capital also re-invested after participating in the previous round.
Still on latest developments in Nigeria, another Nigerian fintech startup, Grey, secured a $2M seed funding to expand its geographical footprint.
The startup’s CEO, Idorenyin Obon confirmed the latest raiser in a media statement seen by Ripples Nigeria on Tuesday.
What you should know: Venture capital firms including Y Combinator, Soma Capital, Heirloom Fund, and True Culture Fund are among the investors in the round.
Finally, popular Japanese multinational conglomerate corporation, Sony, during the week, announced launching ‘PlayStation Studios Mobile’ with its acquisition of Savage Game Studio.
Hermen Hulst, head of PlayStation Studios, confirmed the acquisition in a media statement on Tuesday.
What you should know: The company will operate as part of a new PlayStation Studios Mobile Division.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...
INVESTIGATION: How N70m road construction created more hardship for Sokoto residents
“To address recurrent accidents on Gagi to Gidan Dilo road and Fakon Idi roads, in Sokoto State, the Federal Government,...
INVESTIGATION: Inside Kwara school where students are used as labour on teachers’ private farms
In this report, SHEREEFDEEN AHMAD uncovered how young students in Kwara State, Nigeria, are being used for labour work on...
INVESTIGATION: How Kano SUBEB awarded contracts to inactive contractors, non-existent schools
In an effort to address issues hindering quality education, the Kano State Government in 2020 awarded N88,406,667.10 for the construction...