Welcome to the new week and today’s edition of the Big 5 Daily!
Excited? Well, let’s not keep you waiting.
Big news! Nigeria-based digital payment infrastructure provider, Flutterwave made the list of Y Combinator’s top companies by valuation as of October 2019. The company was the only African company on the list and ranked 97 out of 120 companies. Can you beat that!
Drum roll techies! The UK South Africa Tech Hub has called on health-tech startups across Kenya, South Africa and Nigeria to submit for the ‘TeXchange 2020: Healthcare Innovation’. The program aims to build an International Tech Hub Network to support forward-thinking entrepreneurship across the globe. Apply here on or before the 11th of October, 2019.
Have you heard? NCC’s (Nigerian Communications Commission) report for August 2019 revealed that Nigerian telecom operators lost over 100,000 internet subscribers. The report revealed that telecom subscribers dropped to 122,585,515 from 122,681,418 in July. What could have happened?
Also, Bwala Africa a Nairobi-based logistics startup has raised undisclosed funds from investors. The fund will be used to upgrade its platform and facilitate the launch of BwalaPay, an escrow payment service to help customers process payments and earn money online.
Finally, Credolab, a fintech startup based in Singapore has expanded to South Africa. They will leverage the expansion to scale financial inclusion in emerging economies globally.
….and there you have it for today’s episode of the Big 5 Daily!
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