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Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company

Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company

O. Christopher - September 21, 2021

PlentyWaka raises US$1.2 million as it purchases another Ghanaian mobility start-up PlentyWaka, a Nigeran bus hailing and mobility service, has plenty going on for it these days. After just securing some funding to expand its services beyond Lagos into other commercial hubs in the country, they have secured yet another US$1.2 million that enables them grow and expand even further. The evidence of that growth is already showing in the company’s latest acquisition of Stabus, a Ghanaian start-up in the same industry. With this acquisition, PlentyWaka begins to make its move outside of the Nigerian market as it seeks to become a bus hailing service to be reckoned with in the whole of West Africa and even Africa at large. Since launch, the PlentyWaka service has been based on helping passengers book bus fares online and in real time like they would buy air fares. Over the past year alone, the company has enjoyed considerable growth in the area of funding and also, getting people to use and commit to its services. Thus, it makes sense that they capitalise on that current visibility to even reach more people while curating better solutions to help the existing market base. The latest funding round is led by Xchange, a Toronto-based fund, which is geared towards helping the Nigerian start-up scale, and do so fast.

PlentyWaka raises US$1.2 million as it purchases another Ghanaian mobility start-up

Showlove, Nigerian gifting social platform, launches with $300,000 funding

Showlove, Nigerian gifting social platform, launches with $300,000 funding

Move secures $23 million Series A funding to boost mobility in Africa

Move secures $23 million Series A funding to boost mobility in Africa

Kuda raises $55 million in new series a funding round, crosses half unicorn mark

Kuda raises $55 million in new series a funding round, crosses half unicorn mark

GoodsMart raises $3.6 million in new funding round to extend services to East Cairo

GoodsMart raises $3.6 million in new funding round to extend services to East Cairo

O. Christopher - July 28, 2021 0

Jeel secures US$1.2 million funding to expand its team, services and products

Jeel secures US$1.2 million funding to expand its team, services and products

O. Christopher - July 23, 2021 0

CribMD acquires pharma company to boost its service delivery across the country

CribMD acquires pharma company to boost its service delivery across the country

O. Christopher - July 16, 2021 0

PayHippo secures $1 million funding to expand services in pre seed round

PayHippo secures $1 million funding to expand services in pre seed round

O. Christopher - July 7, 2021 0

Bhala launches as a virtual keyboard to boost African language texting

Bhala launches as a virtual keyboard to boost African language texting

O. Christopher - June 19, 2021 0

WhereIsMyTransport – a South African mobility startup – secures $14.5 Series A extension round

WhereIsMyTransport – a South African mobility startup – secures $14.5 Series A extension round

O. Christopher - June 8, 2021 0

German programme invests up to $120k in Kenyan startups

German programme invests up to $120k in Kenyan startups

O. Christopher - June 2, 2021 0

Mono – Nigerian fintech startup – raises $2m during seed funding round

Mono – Nigerian fintech startup – raises $2m during seed funding round

O. Christopher - May 26, 2021 0

Kenyan startup launches mobile safety application

Kenyan startup launches mobile safety application

O. Christopher - May 21, 2021 0

South African startup introduces online marketplace for space rental

South African startup introduces online marketplace for space rental

O. Christopher - May 20, 2021 0

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