The Daily brief: Nigerian startups raised $117M in the first 3Qs, and more

According to the reports released by media company, Techpoint, Nigerian startups have raised at least $117 million in funding in the past three quarters. However, note that they include Cellulant's $47.5 million which we think should be put under Kenya. That and more in today's brief.

Chainalysis Partners with Binance to Tackle Global Cryptocurrency Money Laundering

Chainalysis, a provider of cryptocurrency compliance and investigation solutions, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions. Full details on Bitcoin Africa.

There Have Been 154 Cases Of Card Cloning In Zimbabwe So Far In 2018

According to the Zimbabwe Information and Communication Technologies (ZICT) has said in 2018 there have been 154 cases of bank card cloning reported. Full details on TechZim.

Ron Kawamara has been appointed CEO for Jumia Uganda

Jumia has announced Ron Kawamara, who has been with the company for over 5 years, as the CEO for Uganda. Since joining Jumia, Ron has served in different roles; First as Country Manager for Jumia Food Uganda as well as head of Jumia Food East Africa. Full details on Digest Africa.

Musanga, a logistics startup, has secured a partnership with MTN Zambia

Musanga, a Zambia-based on-demand delivery startup, has secured a partnership with MTN Zambia. Under the terms, Musanga’s users – including drivers and merchants – will access various financial offerings from MTN. Njavwa the founder and CEO of Musanga says that through MTN, their "drivers can get loans of up to $400 dollars for things like fuel." Full details on Digest Africa.

Nigerian startups raised at least $117M in the first 3 quarters of 2018

Techpoint has published its Nigerian startup funding report for Q3 2018. The report indicates that Nigerian startups raised around $35.5 million in funding in Q3, which is less than 50% of the amount raised in Q2. But, the figure brings the total amount of funding in the first three quarters of 2018 to at least $117 million according to the previous reports by Techpoint. Full details on Digest Africa.

Subscribe to our newsletter to get the daily brief in your inbox.

Digest Africa


Digest Africa Technologies Ltd
Ntinda Complex,
Block B, Level 3 Ntinda,
Kampala, Uganda

© Digest Africa Technologies Ltd 2023.
All Rights Reserved.