- Funding opportunity for early start-ups Uncoventional Capital
Early start-ups in SubSaharan Africa with scalable businesses can apply for funding from Uncoventional Capital (a fintech company that builds digital solutions for funding to be accessible to innovative entrepreneurs in Africa). The requirements are: personal information, nature of business, a pitch of business operations and records/financials of the company. To apply, visit unconventional capital. Application closes on the 31st of October, 2020
2. Funding Opportunity for female entrepreneurs.
Female businesses in Africa seeking expansion should connect ImpactHER, an impact driven non-profit organization which empower female entrepreneurs. There are three programmes for women empowerment: AdvanceHER, which helps in scaling and gaining more market experience; UpliftHER, which prepare female businesses to attract investments and ConnectHER, which trains them on networking and choosing the right investors. To register for any of the three programmes, visit https://www.impacther.org/none
3. Next.Legal Summit 2020
Start-ups in Africa are faced with problem of financing. In view of this, Bytelex Advocates,an innovative practice offering legal services to a broad cross-section of clients in different industries is organizing a summit where founders and entrepreneurs will get insights on how financing is evolving and what investors really look out for. To register, visit https://t.co/rjbm0u3OC3
Also Read: Funding Opportunities For Businesses
4. Global WomenConnect Challenge
The USAID is calling for solutions from social enterprises to bridge the gender digital divide by granting women more access to technology. The USAID will be providing four grants (at $500,000 each) for social enterprises who can provide: tested and proven solutions, a private sector partner commitment letter, proof of scalability of strategies ( at least 1 million, 18 + years) and sustainability plan.
To apply, visit https://app.reviewr.com/s1/site/WomenConnectChallenge20. Application ends on the 6th of November, 2020
5. Fundall announces pre-seed funding if $150,000
Fundall, a Nigerian-based Fintech has announced pre-seed funding of $150,000, led by Black Knight Capital (a pre-seed and seed-stage angel investment outfit).
Fundall will use part of the investment to acquire a microfinance bank, a step which will help in expanding its operations . It also plans to use to promote it’s personal banking product it launched earlier this month and complete the development of its Corporate/SME banking services. The fintech is expecting to raise another round of funds for expansion
6. Hatixa Partners With UK Firm to Launch BrandMobile Africa
Nigerian start-up, Hatixa has entered into a joint venture with UK ad-tech firm, BrandMobile to launch BrandMobile Africa which will help Nigerian companies with customer onboarding and conversion, customer retention and loyalty, and data collection and optimization.
Hatixa is an IT and media solutions company founded by Toby Nwanede and Habeeb Aremu in 2017. The company developed a product called PEEP that would programmatically deliver content to consumer lockscreens each time they tried to unlock or power up their devices.
“Ultimately, it was a beautiful concept with lots of in-app engagement, but driving acquisition while trying to convince brands to provide content proved to be a chicken and egg palaver.We met BrandMobile around 2018 through a friend and in late 2019, after some gruelling and quite testing months, we struck up a partnership conversation. Our goal is to reach millions of audiences, connecting them closer with their brands, whilst enabling brands to facilitate conversion across all marketing metrics,” said Nwanede.
Also Read: Funding for Businesses In Africa
7. TeamApt Now Operates Nigeria’s Largest Non-bank Mobile Money Platform
In 2019, TeamApt, Nigerian-based financial technology company specialized in the development of digital banking, digital-based solutions and payments infrastructure developed a mobile money platform called Moniepoint. The product is now the largest non-bank money operator in Nigeria. It now processes 13 million transactions monthly with a value of NGN197 billion (US$516 million), while averaging 23 per cent month-on-month user growth.
“Our plan has always been to expand beyond Nigeria and take the solutions that have worked so well in Nigeria to other developing and emerging markets. We’ve pinpointed some markets,” Tosin Eniolorunda, the founder of TeamApt said. For more information, visit https://disrupt-africa.com/2020/10/fintech-startup-teamapt-now-operates-nigerias-largest-non-bank-mobile-money-platform/