Omidyar Network News

Tayo Oviosu, Founder & CEO, Paga

He's Banking the Unbanked in Nigeria and Beyond

“I knew that whatever I wanted to do had to pass the big idea test.” For Tayo Oviosu, 39, that big idea was Paga, now the largest distribution network for financial services in Nigeria, reaching more than 6 million people.

Fintech could do away with the need for ATMs. Credit: Reuters/Thomas Mukoya

African fintech startups like Flutterwave and Paystack are raising record funds to drive financial inclusion (Infographic)

If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there’s a never ending debate about who gets funding or not in Africa.

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Iyinoluwa Aboyeji, the 26-year old Founder of Flutterwave and Andela

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.

Opeyemi Awoyemi, Ayodeji Adewunmi and Olalekan Olude, Founders of jobs site Jobberman. Credit: Jobberman/theguardian.com

Here are Africa's top 10 tech pioneers

Africa’s digital transformation would be nothing without the tens of thousands of people who have invested, and continue to invest, energy into propelling it forward.

Mark Essien, Founder & CEO, Hotels.ng

Meet Mark Essien, Founder & CEO of Nigeria's Hotels.ng (Video)

Hotels.ng‘s CEO Mark Essien founded the Nigeria-based online hotel booking company in 2013, after completing Master’s and Bachelor’s degrees in Computer Science and Engineering in Germany.

Mark Essien (Left), Founder of Hotels.ng

Nigerian travel startup Hotels.ng wants to conquer Africa (Video)

PricewaterhouseCoopers (PwC) projects Nigeria‘s hospitality market will grow signficantly in the next five years. Online hotel booking portals are benefiting. Among such portals is hotels.ng.

Mobile phone use has rocketed in Nigeria in the last decade but mobile money has not. (AP Photo/Sunday Alamba)

Nigerian mobile money leader Paga is doubling down on building a payments giant

Despite its success in other parts of Africa, mobile money has not fully taken off in Nigeria, Africa’s largest economy.

Nigeria money transfer company Paga raises $13M in series B financing

Nigeria money transfer company Paga raises $13M in series B financing

Paga, Nigeria’s leading mobile payment company, announced this week the completion of a $13 million Series B financing led by Adlevo Capital.

The Co-Creation Hub Nigeria (CcHUBNigeria) in Yaba, Lagos, Nigeria. Credit: techpoint.ng

Yabacon Valley: Nigeria tech startup enclave springs up in Lagos suburb

At first glance, Yaba is like many other parts of Nigeria’s sprawling commercial capital: a cacophony of car horns and shouting street vendors mingling with exhaust fumes.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

African Entrepreneurs - A new generation leads the way: Financial Times (Report)

Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Nigeria's Lagos Carnival (AP Photo/Sunday Alamba)

Nigeria's tourism opportunity can be unlocked by local online booking platforms

In economic terms Nigeria is best known as Africa’s largest economy and its number one oil producer, but unlike many other African countries, travel and tourism comes far down the list of GDP contributors.

Mark Essien, Founder, Hotels.ng

Nigeria's Hotels.ng Raises $1.2 Million

Nigeria’s leading hotel booking website, Hotels.ng, has raised $1.2 million from the Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar, and EchoVC Pan-Africa Fund, a seed-stage technology fund.