Nigeria’s electronic payment ecosystem witnessed a historic leap in Q1 2025, with transactions hitting N284.9 trillion — a 22% rise year-on-year, signaling the nation’s steady shift toward a cashless future.
Blueroomcare, a Nigerian digital mental health startup, has received a fresh $50,000 follow-on investment from EHA Impact Ventures, strengthening its mission to make therapy more accessible and culturally relevant across Nigeria.
Early-stage African startups can now apply for the TractionBoost Accelerator – a two-month programme designed to support pre-seed readiness through funding, mentorship, and investor access.
Rwazi has secured $12 million in Series A funding to scale its AI-powered consumer data platform, enabling brands to access real-time insights across 190 countries.
Nestuge, a bootstrapped Nigerian startup, has paid over ₦500 million to digital creators in just two years. Built to empower creators with monetisation tools, the platform is proving that big impact doesn’t always require big funding.
Bfree has secured a $3 million investment loan from Verdant Capital to scale ethical, data-driven debt recovery across Africa by acquiring distressed loan portfolios from inclusive financial institutions.
Kenyan logistics software startup Leta has launched in Ghana following a $5M seed funding round, marking its seventh African market expansion and partnership with Simbisa Brands.
The RevUp Women Initiative has launched its Nigeria Edition to support 150 women entrepreneurs across Lagos, Abuja, and Abia, with a focus on agribusiness and e-commerce. The program offers capacity-building, mentorship, networking, and access to $24,000 in grant funding.
Wave, the West African fintech disrupting mobile money services, has secured €117 million in fresh funding. The company plans to expand across the region and strengthen its commitment to affordable, inclusive financial services.
Solar energy company d.light has secured $842 million in financing to scale access to affordable solar home systems in Africa. Through its PayGo model, the company aims to reach 10 million people in Kenya, Uganda, Tanzania, and Nigeria—providing energy and empowering underserved communities.