Flutterwave has reached exponential heights within the span of six years. AfroTech previously reported that the Nigeria-based fintech startup raised a $170 million Series C round in March 2021. “We will continue to connect you to a world of opportunities and growth, to make it possible for you to reach your customers wherever they are and create endless possibilities for your business,” Flutterwave wrote via an Instagram post following the Series C round. https://www.instagram.com/tv/CMOphnrHe2s/?utm_source=ig_web_copy_link Now, slightly less than a year later, the company has closed on a recent funding round to power its mission of helping provide payment infrastructure across the African continent. Quartz Africa reports that Flutterwave has raised $250 million in a Series D round at a $3 billion valuation, reportedly making it the highest valued African startup. For the list of investors, click here. The latest funding will go toward “expansion and customer acquisition, by looking...

How did a Nigerian Harvard grad turn a million-dollar business loss into a prosperous venture for his home country? Through hard work, determination, and the art of pivoting. Sam Ojei — a Business Analytics alumnus of Harvard Business School — is the founder of Workcity, which is considered a major co-working space in Lagos, Nigeria. Ojei’s entrepreneurial journey dates back to high school where he adopted photography as his introduction to the business world. From there, he founded Bioscope — a social enterprise that manages the recruitment of students to Canada to pursue different courses. After seeing his business take off, Ojei felt he was Africa’s next big business mogul and went off to start his next big venture — an e-commerce company called Niiyo Nigeria. Face2Face Africa shares that things were panning out well for Ojei until 2015 hit. The Nigerian entrepreneur lost close to $1 million in revenue made from his business and all his progress went down the drain. “I lost...

Nigeria-based startup Autochek is looking to bring its car sales and services platform from Africa to the online community. Autochek’s platform — which is managed by a developer team in Lagos and Nairobi — in short, is a network for consumers and businesses to buy, sell, and service cars as well as finance car sales.   View this post on Instagram   A post shared by Autochek Nigeria (@autochekng) According to TechCrunch, the newly-launched company recently closed a $3.4 million pre-seed round co-led by VC firms TLcom Capital and 4DX ventures to help accomplish its main goal as an innovative venture. Other firms such as Golden Palm Investments, Lateral Capital, MSA Capital, and Kepple Africa Ventures also joined the investment round. The funding round comes off the heels of its September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana, TechCrunch reports. It also comes after the recent departure of CEO Etop Ikpe from Cars45, a startup he co-founded in 2016....