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Chowdeck, a Lagos-based food delivery startup that has stayed profitable in a notoriously tough and low-margin market, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana. The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, … Read more
The Nigerian Securities and Exchange Commission has issued a renewed warning against Crypto Bridge Exchange. The exchange, also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, has reportedly resumed operations across the country despite lacking regulatory approval. According to the Nigerian SEC, CBEX has been soliciting payments from users seeking to withdraw … Read more
Africa crypto news: Court in Kenya orders Worldcoin to delete biometric data, CBEX reboots amid scam fears, Nigerian fintech joins Zone blockchain for faster payments. The Worldcoin project faces legal challenges in Kenya after a court ordered the deletion of collected user biometric data. Meanwhile, the controversial crypto exchange CBEX is attempting a reboot, drawing … Read more
Key Takeaways Kelsier Ventures is planning a Nigerian expansion despite the LIBRA memecoin scandal. The scandal led to a loss of $4 billion due to the withdrawal of support from Argentina’s President. Share this article Kelsier Ventures, the firm at the center of Argentina’s LIBRA meme coin scandal, has been in discussions with Nigerian officials … Read more
Wired’s article revealed text messages sent by Binance exec Tigran Gambaryan from Nigerian Prison during his 8-month detainment. Through text messages sent from a prison facility in Kuje, Nigeria, Gambaryan described his condition to journalist Andy Greenberg. He said that he was “essentially crippled” after his health took a turn for the worse. The Binance … Read more
As Africa’s tech ecosystem booms, more local talent is landing remote jobs with Big Tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers. They struggle to open accounts that accept US dollars, with foreign employers using incompatible payment platforms, and face slow invoicing and payment … Read more
This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255). A Nigerian man has been extradited to the U.S. after being indicted for allegedly operating a sextortion scheme that led to a South Carolina teenager’s death. The U.S. … Read more
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