Technology
Nigerian startup funding falls to $11.3 million after deal-heavy August
Nine companies disclosed funding in September, down from $364.1 million across 20 startups in the previous month.
Chinedu Nwosu4 min read
5 results for “startups”
Nine companies disclosed funding in September, down from $364.1 million across 20 startups in the previous month.
The mobility-finance company ended local operations after six years and said eligible drivers would make no further vehicle payments from 1 October.
The oversubscribed fifth fund lifts the co-investment platform's assets above $850 million and expands its exposure to emerging-market technology companies.
Founders are prioritising gross margin and retention over headline growth.
The proposed framework would let companies test emerging products under supervision while regulators coordinate requirements across sectors.