If you’re an avid fan of techcrunch, you’ll probably have noticed the recent posts about Kene Okafor, the Co-founder of Tiger India and the Founder of Techpoint Africa Singhtechcrunch. He’s also a renowned investor in the Nigerian stock market, whose portfolio includes companies such as BEE Group, which he owns a majority stake in, and Tiger India, which he co-founded.
Founder of FairMoney
It is a fair bet that the first time you saw FairMoney’s latest financial offering you were not disappointed. The credit-led neobank offers the usual suspects – loans and credit cards, along with other financial products such as insurance and remittances. Currently 3.5 million people are signed up to the platform. But despite its relative youth, the Nigerian startup is not resting on its laurels. A new round of funding has enabled it to scale its operations and expand its product offerings to include the financial services of tomorrow.
While the app has long been a stalwart in the fintech space, the latest funding round has brought the FairMoney team to the attention of the industry’s big names. Tiger Global, DST Global Partners, Newfund Capital and Speedinvest have all participated. Founded in 2017 by Laurin Hainy, former president and CEO of French fintech unicorn Nubank, FairMoney has since expanded its presence to the Indian subcontinent. In the meanwhile, it has a sizable loan book and is gearing up to launch a microfinance-friendly neobank in the not too distant future.
Among the company’s many accolades, one of the most exciting is its recent acquisition of a microfinance bank license from the Nigerian Central Bank. This will enable the company to start servicing loans to registered small and medium enterprises.
Founder of Techpoint Africa
Techpoint Africa is a media company that aims to amplify the best innovations from Africa. The company publishes data, events, and media to bring the African tech scene to the world. Its founder, Adeale Yusuf, is an entrepreneur who has over 20 years of experience running companies.
In order to support start-ups, the company has organized a number of events. Its conferences have featured experts from different fields and provided businesses with insights on how to build successful businesses in Africa.
Techpoint also hosts a startup competition called Pitchstorm. Participants are awarded a $10,000 grant. The event will culminate with an award ceremony on January 22, 2022.
Techpoint Africa has become a prominent brand in Africa. Its main goal is to provide businesses with insights into building successful businesses in Africa. This is done through its events, which include conferences, and through its publications.
The company has also launched a training program for software engineers in Africa. Their pipeline will help developers gain experience and learn how to develop a world-class remote engineering team.
The company is collaborating with firms that aim to drive technology in remote areas. They have partnered with organizations such as AXA Mansard Insurance Plc. Through these partnerships, the company hopes to deepen Nigeria’s insurance coverage.