Payourse’s $600k pre-seed, Herconomy’s 24hr funding and Octamile’s $500k pre-seed

Hello there,  

Right now, I’m discussing:

  • Payourse’s $600k pre-seed
  • $600k pre-seed by Herconomy 
  • World AIDS Day
  • Octamile’s $500k pre-seed
  • OfferZen’s $5.1m Collection A

Payourse’s $600k pre-seed 

L-R Payourse Co-founders, Bashir Aminuy and John Anisere. Supply: Provided

When Bashir Aminu, Payourse’s CEO and Co-founder, purchased his first crypto, his first thought was, “How is that this purported to be actual cash?”

Two failed startups and nearly three years later, and there he was founding an organization that was constructing a Disha for crypto-wallets.

5 years later, Payourse — the brainchild of Aminu, Hakeem Oyewole, and John Anisere — has introduced the elevate of a $600k pre-seed to construct the following crypto powerhouse.

The spherical noticed participation from Michael Ugwu, Flori Ventures, Voltron Capital, amongst others and might be used to rent extra expertise, construct extra use circumstances, and develop present merchandise.

Payourse at the moment has two main merchandise, Coinprofile, a remittance platform that permits you to ship crypto to somebody in fiat and Simpa, a no-code platform that allows companies to create their very own crypto exchanges.

spoke with Aminu to debate the elevate, at the same time as we touched on the hassles of fundraising, the journey into entrepreneurship, and Payourse’s imaginative and prescient for the longer term.

You may learn it right here: Nigeria-based blockchain startup, Payourse raises $600k pre-seed to construct a Web3 powerhouse

Herconomy luggage $600k pre-seed

Herconomy Crew

Herconomy is a startup that empowers ladies by providing them capability constructing, jobs, networking, and monetary companies. 

On Wednesday, December 1, 2021, the startup introduced a $600,000 pre-seed elevate, led by members of the Herconomy group. Oui Capital and different angel traders additionally participated within the spherical. 

All in a day’s work: Apparently, Herconomy closed the funding spherical in simply 24 hours. A feat that was achieved because of the Herconomy group. 

However how? It began in 2018 When  Ife Durosinmi-Etti, Herconomy Founder, revealed her guide,  Accessing Grants for Startups. The guide contained data on learn how to get alternatives akin to scholarships, grants, and fellowships.

Based on Durosinmi-Etti, folks liked the guide, however they needed extra. She instinctively started to publish extra tips about her private Instagram web page. Nonetheless, She realised she wanted a devoted platform and created AGS Tribe, which then morphed right into a group the place ladies may entry life-changing alternatives. 

When Durosinmi-Etti’s group was in a position to save $100,000 throughout a financial savings problem, the thought for a fintech startup was fashioned. 

Be careful for the small print on how this group raised $600,000 in 24 hours by  Emmanuel Paul later at this time. 

World AIDS Day

Yesterday was World AIDS Day; a day put aside not solely to create consciousness concerning the illness however to function a reminder that the illness hasn’t gone extinct. 

In accordance to Intelligence by Techpoint, in 2020, an estimated 37.6 million folks had been contaminated with HIV globally and 27.4 million folks residing with HIV receiving therapy.

Nonetheless, the variety of AIDS-related deaths globally has declined by 65.5% since 2004.

Apparently, this 12 months’s theme for World AIDS Day is Finish Inequalities. Finish AIDS. Finish Pandemics.

An consciousness marketing campaign that the stigma hooked up to folks residing with AIDS might be simply as lethal because the illness. 

In a press assertion by the United Nations Programme on HIV/AIDS (UNAIDS), the world “may face 7.7 million AIDS-related deaths over the following ten years” if inequalities should not addressed. 

Right now’s perception on AIDS is dropped at you courtesy of our Intelligence by Techpoint group; for extra insights like this, you may comply with them here and right here.

Octamile raises $500k pre-seed

Octamile Founder, Gbenro Dara

Octamile, an African insurtech startup, has closed a $500,000 pre-seed spherical to simplify entry to insurance coverage for Africans. 

The funding spherical was led by EchoVC. Different traders, together with Fiat Ventures, Commerce X, and Verraki Companions, participated within the spherical. 

What does Octamile do? Based by Gbenro Dara, a former Jumia worker, the startup desires to develop the insurance coverage ecosystem in Africa by offering conventional insurance coverage corporations and non-insurance companies with entry to knowledge. 

It desires to cut back the friction within the insurance coverage expertise with three options — digital claims, improved threat evaluation, and embedded insurance coverage APIs.

These options assist insurance coverage suppliers scale back the executive price of claims, enhance the profitability of their portfolio and assist non-insurance companies add insurance coverage as a characteristic to their merchandise. 

Why insurance coverage? Based on Dara, “insurance coverage is one sector that has the facility to raise the financial system, however solely about 5 out of 100 Africans have any type of insurance coverage safety.”

Information by Statista corroborates this assertion, revealing that Africa accounts for lower than 1% of insured losses globally. 

OfferZen’s $5.1m Collection A

OfferZone group. Supply: TechEconomy

OfferZen, a South African market for tech abilities, has introduced a €4.5 million ($5.1 million on the time of scripting this) Collection A elevate by Base Capital. 

Based on TechCrunch, that is the startup’s first elevate because it was based by Philip Joubert, Malan Joubert, and Brett Jones in 2015.

After working in South Africa for nearly 5 years, the corporate expanded into the Netherlands with the acquisition of Amsterdam-based recruitment tech startup, TryCatch.

OfferZen onboards software program builders and engineers and makes them out there to corporations that require their companies. Joubert instructed TechCrunch that over 1,000 corporations and 100,000 builders from South Africa, the Netherlands and a few components of Europe use {the marketplace}. 

Nonetheless, its growth to the Netherlands has been an enormous a part of its progress in 2021, recording a 29% enhance in placements.

That is maybe why the funding might be used to deepen its growth into Europe. 

What I’m studying 

  • Militants Kill 305 at Sufi Mosque in Egypt’s Deadliest Terrorist Assault. Learn
  • Rosa Parks, the “Mom of the Civil Rights Motion.” Learn
  • Head Above Water. Learn

Alternatives

  • Software program engineering internship at Microsoft. Apply right here
  • Apply for Design, Product & Developer College programme right here
  • Apply for Decagon content material writing and modifying competitors right here
  • Technical product supervisor at TeamApt. Apply right here


He is a geek, a sucker for Blockchain and an all-round tech lover.


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