While the week continued to be shaped by the narratives of the previous week where the Nigerian apex bank had announced banning cryptocurrency in Nigeria, business continued for other tech entrepreneurs vis-à-vis reactions from crypto investors.
The week saw the introduction of a new school management software to the public. Also, a new opportunity thrust was launched with $10m in stock for African startups. In addition, leading recruitment company, Jobberman announced appointing a new female CEO.
Below is a digest for the week, highlighting the major tech build up.
With a vision to digitize school operations, Nigerian ed-tech startup Edustripe announced having built a school management software during the week. This, according to press, saw the startup growing its user base, and gaining increasing attention as its tool.
Now, being used in dozens of schools and by hundreds of parents, the two-year-old startup was reportedly founded by Tolu Odueke and Babajide Esho.
The startup helps schools and parents manage educational fees, access loans, monitor grades, and create custom teaching plans.
Xend Finance’s new raiser
During the week, Nigeria’s decentralised finance (DeFi) platform, Xend Finance, increased the size of its funding round to US$2 million.
The raiser comes on the heels of the startup’s new partnership deal. According to industry experts, the partnership is a key partnership as the startup continues on its interest to serve credit unions and cooperatives.
As a venture and decentralised system, the startup has developed a platform that gives users access to the global money market so members can save and invest in stable currencies.
Being one of Africa’s country, Nigeria is set to benefit from a chance to participate in funding sponsored by Knife Capital VC.
The VC, during the week, announced raising $10m commitment fund to invest in Africa.
The VC and growth equity investment manager focuses on innovation-driven ventures with proven traction, and can serve as another opportunity window for Nigerian tech founders.
Jobberman’s new appointment
Sub-Sahara Africa’s largest job placement platform, Jobberman Nigeria, appointed Rolake Rosiji as its new CEO during the week.
The appointment will see Rosiji take over realms of affairs of the company from the former CEO Hilda Kragha, who moved on to serve as Managing Director of ROAM Africa Jobs.
The new CEO is expected to continue the work of establishing Jobberman as the primary platform for job searching, talent acquisition, and transforming workplace productivity across Nigeria.
These stories, and many others, made headlines during the week. Join us next week for another edition of TechNigeria.
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