ScholarX was launched in 2016 with the sole aim of allowing users access a wide range of scholarships that matches their needs at intent at the time.

The start-up has grown rapidly since then, being accepted into a host of laudable accelerator programmes and accessing a series of funding in the process. To even better their services, the company has now secured the rights to work with Airtel, enabling it to further expand its services to more Nigerians.

The partnership with Airtel introduces a new mobile learning platform dubbed ‘LearnAM.’ This platform has been designed such that it offers content in the local languages (Yoruba, Hausa and Igbo) while also incorporating Pidgin English. Thus, it makes sense that they can reach a wider audience base and provide quality eLearning to them all.

At the same time, it should be noted that partnering with Airtel this way means that they can tap into the wide customer base which Airtel has built over time to deliver this platform to even more people.

Securing a GSMA Fund for Mobile Internet Adoption and Digital Inclusion to make this happen, ScholarX is committed to taking affordable education and learning opportunities to all and sundry.

In what can be said to be the country’s latest policy attack on fintech startups, the SEC has now asked trading and investment platforms to stop offering foreign stocks to Nigerians.

It should be noted that Robinhood-style aps like Chaka, Risevest and such other investment platforms have been offering Nigerians access to both local and international stocks which they can invest their money in. The latest circular from the SEC has deemed such activities illegal and any fintech that does not stay off offering such services might soon face the long arm of the law.

This is not the first time that SEC Nigeria is making such a move. Back in December of last year, the body accused Chaka, an investment platform of this sort, of advertising and selling stocks illegally in the country. The fintech came out to deny the allegations via its CEO and ever since, we have not heard anything else of the matter. Till today, anyway.

The users of these apps have been in a state of panic as they do not know what would happen to their funds which are already on those platforms. However, official emails have started going out to users to assure them that their funds are stull safe and secure as they work with the SEC to regulate the situation.

Since the tragic death of the Gokada CEO in 2020, the company has been without top leadership. However, it has been run collectively by the likes of Nikhil Goel working with others and the company has been able to 10X its revenue under his management.

It is, thus, little wonder that the same person be promoted to the role of CEO of Gokada Nigeria.

Speaking with TechCabal, Goel confirmed that the company does not have any plans of leaving Lagos anytime soon. He also confirmed that they had been able to spin off their business into one that focused on deliverers as they could not just sell off all of the bikes that the start-up had already acquired.

His foresight and direction have already helped the company to reach profitability in the last twelve months and there is a high chance that they only keep going up.

It is also remarkable to note the G-Hub plan that the company launched which allowed them to do a revenue split between themselves and the owners of certain locations when pickups and delivery happen on their property.

All of these point to the fact that Gokada is ready to break into even more niches and adapt better to allow them become better at what they do.

PlentyWaka burst onto the scene in 2019 as a Nigeria bus hailing start-up and they have grown in leaps and bounds since then. Latest on the list of good news that the brand enjoys is an acceptance into the TechStars Toronto accelerator programme which means that they have also earned a cool $120,000 in extra seed funding to better their product.

The mode of operation of the start-up is to allow customers to book bus rides in real time across the states where they are present in.

Starting from Lagos, the start-up secured an extra $300,000 funding to expand to the federal capital territory and a handful of other states too. Now, they will be able to strengthen their position in the states where they are present and expand to other areas where they were not already in.

It should be noted that Onyeka Akumah, the current CEO and co-founder of PlentyWaka, is also the founder of Farmcrowdy from which CrowdyVest spun off. Thus, this makes it the second time a start-up that he is invested in will go through a TechStars accelerator programme.

Besides the seed funding that they have received, the accelerator program will also make it easy for them to get mentorship from top players in the industry while also getting visible to more investors.