Lori Systems raises at $5 million valuation, tweaks business model
The logistics startup, once valued at about $120 million, saw its valuation slashed to $5 million in the latest bridge
All posts by Faith Omoniyi
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Faith Omoniyi
04:23
Nigeria’s inflation accelerates to 24.4% in March
Nigeria’s inflation accelerated in March, reversing the temporary relief seen in February, as festive spending during Eid al-Fitr, and renewed
Faith Omoniyi
03:23
Fintava Pay is banking the unbanked in Northern Nigeria
Banking the unbanked became the go to tagline for Nigerian fintechs during the country’s fintech boom between 2020-2023. Many fintechs
Faith Omoniyi
20:20
Online marketplace, GiriToday, courts Africa’s Diaspora who want a taste of home
For Africans in the diaspora, buying authentic African products—fabrics, clothing, spices, and art—can be challenging. Their options are often limited
Faith Omoniyi
02:23
Nigeria’s inflation slows in January after CPI rebasing
This adjustment softened the effect of rising food prices, even as underlying pressures remained...
Faith Omoniyi
01:23
Raenest raises $11 million in Series A to expand cross-border payment solutions to new markets
Raenest, a Nigeria-based cross-border remittance company that offers multicurrency accounts for freelancers and businesses, has raised $11 million in a
Faith Omoniyi
05:23
Flutterwave CEO’s venture studio Resilience17 to invest $200,000 each in selected AI startups
Resilience17 (formerly Berrywood), the rebranded venture fund and studio founded by Flutterwave CEO Olugbenga “GB” Agboola, has launched a new
Faith Omoniyi
11:22
Bento CEO’s resignation leaves investors in the dark amid EFCC, LIRS probe
His departure comes amid allegations that Bento failed to remit taxes and pensions for its clients, raising concerns about financial
Faith Omoniyi
12:21
Bento Africa under investigation by LIRS and EFCC; CEO Okubanjo denies allegations
Bento Africa, a Nigerian technology HR startup founded in 2019, is facing allegations of failing to remit tax and pension
Faith Omoniyi
12:25
25 startups to watch in 2025, according to Africa-focused VCs
TechCabal spoke to eight Africa-focused VCs—who have between them over 100 portfolio companies—to identify startups to watch in 2025...
