By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    2 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 months ago
  • Africa
    Africa
    Show More
    Top News
    Africa Leaders Summit: US To Strengthening Partnerships To Meet Shared Priorities
    3 years ago
    President Ruto Rallies Kenyans To Move Nation Forward
    3 years ago
    Tanzania: United Nations Steps Up Efforts To Build Climate Resilience
    2 years ago
    Latest News
    Canada–Africa Chamber Of Business: Delegates From Nigeria, Kenya, SA, DR Congo Visit Hamilton To Strengthen Trade And Investment Links
    1 day ago
    Four African Cities Awarded CRA’s African Urban Heat Resilience Grants 
    6 days ago
    Gov Sanwo-Olu Hails Lagos Nomination As Intra-African Trade Fair Host
    6 days ago
    New AfDB President Set Youth Target In 100 Days, To Prioritise Reforms, Partnerships
    2 weeks ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Peter Obi’s Big Win In Lagos Set Social Media On ‘Fire’
    3 years ago
    Tayo Ayinde, A Leading Choice For Nigerian President-Elect’s Chief Of Staff
    2 years ago
    15th BRICS Summit
    Timi Frank Blasts Shettima For Gloating Over Predetermined Tribunal Judgement
    2 years ago
    Latest News
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    4 weeks ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    1 month ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    2 months ago
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    SP Abimbola Olabisi Appointed As New Lagos PPRO
    10 hours ago
    At Polish-Nigerian Economic Forum, Lagos Makes Case For Partnership, Trade Investments
    1 day ago
    798 Pensioners Paid N1.52B In Lagos State
    1 week ago
    Unlock Your Potential: NEXIM MD Inspires Nigerian Youth To Pursue Their Passions, Highlighting Opportunities In Non-oil Value Chains
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Nigeria’s Glo(W)Ing Entertainment Industry: 19 Years Of Strategic Partnership
    3 years ago
    2023 Polls: Stay Tuned To These Channels On GOtv For Breaking News And Analysis 
    3 years ago
    Family, Friends Celebrate As Princess Zara Raji Turns Two
    2 years ago
    Latest News
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    1 day ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    1 week ago
    France Télévisions Hits Record Digital Engagement With Its Roland-Garros 24×7 Channel Powered By Wildmoka
    1 week ago
    Hello Mr Right Naija Season 3: Love, Drama And Surprises Await This September!
    2 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    NCC, NICO To Leverage Telecom Channels To Promote Nigerian Cultural Heritage
    1 year ago
    2023 Hajji: Lagos Pilgrim To Pay N3.2m
    2 years ago
    UAMC Annual Conference: Ogunlewe Assures Of Successful Hosting
    8 months ago
    Latest News
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    1 week ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    3 weeks ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    3 weeks ago
    Lagos Tourism Ministry Visits Heritage Sites For Inventory, Documentation
    4 weeks ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    1 week ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    1 week ago
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    2 weeks ago
    Nexim Bank Boss To Engage Young Nigerians With Non-oil Export Opportunities For Wealth Creation At Breakfast Session
    3 weeks ago
    ₦46B in pre-launch transactions.
    After ₦46B Pre-launch Transactions, Fidelity Bank Unveils PAPSS In Nigeria
    1 month ago
  • Health
    Health
    Show More
    Top News
    WHO
    WHO Raises Alarm Over Rise In Cholera Cases In Nigeria, Malawi, Cameroon, 7 Other Africa Nations
    3 years ago
    Tackling Preventable Diseases, Africa Needs To Vaccinate 33m Children To Put Progress Back On Track
    2 years ago
    USAID
    United States Partners Woman-Owned Nigerian Company To Fight Malnutrition
    2 years ago
    Latest News
    CAPPA Commends FG Health Tax Policy, Renews Call for Higher Sugary Drinks Excise Duty
    1 week ago
    Jubilation In Ebonyi As FG, State Govt Activate MAMII To Safe Pregnant Women And Babies
    1 week ago
    Abakaliki Agog As MAMII Train Enters Ebonyi State
    2 weeks ago
    LASU Professor Wins Distinguished Meritorious Obstetrics and Gynecological ICON Award
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: African Startups Land Deals At European Tech Events
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Uncategorized > African Startups Land Deals At European Tech Events
Uncategorized

African Startups Land Deals At European Tech Events

Last updated: 2023/01/18 at 4:07 PM
3 years ago
Share
SHARE

Seven African tech companies wooed investors, networked and showcased their products at two of the world’s biggest tech gatherings in Europe.

For African tech startups, finding investors means getting into the spaces where venture capitalists gather.

Seven companies received exactly that, by attending two of the world’s biggest tech events: Web Summit in Lisbon, and Slush in Helsinki.

With 70,000 attendees from 1 to 4 November, Web Summit gathers CEOs, founders, investors, media, politicians and cultural figureheads. It’s a unique opportunity to meet people looking to use technology to reshape the world.

- Advertisement -
Ad imageAd image

Muchu Kaingu, CTO of Lupiya, went to Web Summit with startup funding already in place. With his wife Evelyn Kaingu, CEO of Lupiya, their micro-finance company Lupiya had already raised $1 million in 2020. They were looking for a new round of funding to grow the business and expand into markets beyond their home country, Zambia.

“As Africa rapidly digitizes, we’re seeing wider adoption of ecommerce. There’s more demand for online payment options,” he said. “We have learned that our customers require holistic banking services, providing low barrier to entry investment opportunities, and allowing customers to easily transact using online channels.”

Through ITC’s #FastTrackTech Africa project, powered by the Switch ON initiative, Lupiya and Zambian food delivery platform AfriOnline each had a booth for a day. Kaingu also received a coveted slot to pitch on stage for about 80 people.

“We’re now talking to three technology partners,” Kaingu said. “These are partners we can leverage to continue building our platform. We’re also talking with an internationalization partner to register a holding company in the US, which would give us better access to capital.”

And his meetings with investors have already taken concrete steps forward. Lupiya has signed non-disclosure agreements with two investors, a first step in exploring possible fundraising to grow their market internationally.

Visions for how to scale

In Helsinki, NTF V and #FastTrackTech sent five companies to network among the 12,000 attendees that gathered during Slush, which has established its reputation on its high investor/startup founder ratio and its focus on being an event “by founders for founders”. Souleymane Gning represented Senegalese online insurance company Assuraf. Abdoulaye Maiga went to pitch his ride-hailing app Teliman, which lets users find motorcycle taxis and Tigabu Abriham showcased Eshi Express, an online delivery service in Ethiopia.

From Uganda, Eric Nana Agyei represented MobiPay, which provides small farmers with digital payment solutions. Also in agritech, Jean-Delmas Ehui brought ICT4Dev from Côte d’Ivoire, to showcase how his company uses data to help small farmers improve their harvests.

They all held meetings with other company founders, as well as potential partners and investors. For many of the African businesses, Slush opened a window on how to scale businesses that they had often bootstrapped with their own money to bring services that hadn’t previously existed in their countries.

When Maiga started Teliman in 2018 in Bamako, the city didn’t have any motorcycle drivers – much less an app to link customers to that service.

“Now we have about 500 drivers on the platform, and on average they’re doing 10-12 rides a day,” he said. The benefit of attending the event in Helsinki was to see how tech companies around the world are tackling problems that he also faces in Mali.

Among the immediate takeaways that Maiga noted were meetings with third-party providers who could help manage costs for critical web services like Google Cloud or Amazon Web Services.

“For us, it was interesting just to see the different meetings and the different presentations, because it was very inspiring in terms of seeing what’s being done in the world,” he said. “It gave a vision of how to scale from being smaller to being bigger.”

You Might Also Like

Organisers Unveil Route Details As Asaba International 10km Road Race Draws Closer

Nigeria: AfDB, Red Cross Partner To Support Inclusive, Resilient Water Services In Maiduguri

It Is Not Yet Time For Celebration, NFSC Boss, Ikpea Tells Super Eagles After Rwanda Win

Over 500 Global Experts To Attend Inaugural Lagos Water Summit

Why Domestic Violence, Sexual Abuse Thrive In Nigerian Society – Lagos Official

TAGGED: African tech startups, Web Summit
INadminNG January 18, 2023 January 18, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Accountant Arraigned For Alleged Fraud, Documents Falsification, Perjury 
Next Article Uganda To Manufacture Anti-tick Vaccines
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?