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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

Gradely gets $25,000 seed funding from Microtraction

Gradely gets $25,000 seed funding from Microtraction

O. Christopher - April 5, 2020 0

PitchDrive II: Your African Tech Start-up can win an all-expense paid trip to Asian...

O. Christopher - May 10, 2019 0

Google kicks off Launchpad Accelerator program in Lagos with 12 start-ups from Africa

Google kicks off Launchpad Accelerator program in Lagos with 12 start-ups from Africa

O. Christopher - March 20, 2018 0

Google Launchpad Accelerator Africa

Google brings Launchpad Accelerator to Africa

passyjango - November 9, 2017 0

Karmod Prefabricated Building

World’s Largest Prefabricated Building Manufacturer, to solve Housing Deficit Challenge in Nigeria

passyjango - September 15, 2017 0

AIG gets $328m backing from MTN, AXA & Goldman Sachs

Emmanuel - March 3, 2016 0

Kenyan e-commerce platform BlackPay goes live

Emmanuel - January 25, 2016 0

Silver Internet Holdings budgets $10m for African tech startups

Emmanuel - January 12, 2016 0

Opt for Udacity Nanodegree program and get half your money back on completion

Nitish Singh - July 8, 2015 0

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