The African Lady’s Tech Journey, Payday’s $1m Pre-seed, Nigeria’s Bread Shortage • •

Good day,

At this time I’m discussing:

  • The Worldwide Day of the Woman Baby
  • Payday’s $1m pre-seed
  • My love for bread 
  • Squid Sport and startup founders

Completely satisfied Worldwide Day of the Woman Baby

Globally, tech ecosystems are male-dominated; this makes it unsurprising that almost all startup founders are males.

In accordance to ’s West African Startup Decade Report 2020, solely 10% of startups with a feminine co-founder have raised $1 million.

Regardless of these statistics, some African girls have defied the percentages and are step by step turning the tables within the tech scene.

To have fun this yr’s Worldwide Day for the Woman Baby, our reporter, Bolu Abiodun, showcases 4 unimaginable African girls leaving a mark on Africa’s tech historical past.

Listening in on the interviews and watching him put together his story has been an thrilling journey, and I can’t wait to learn it.

Please don’t take my phrase for it although, be careful for his story later immediately.

Payday raises $1 million pre-seed

Favour Ori, CEO, Payday. Supply: benjamindada

What’s occurring? Cross-border funds platform, Payday has introduced the shut of its $1 million pre-seed.

With over 20 traders collaborating within the spherical, some embrace MAGIC Fund; Emergence Capital; Volition Capital; LoftyInc Capital; Edmund Olotu, Founding father of Bloc; Prosper Otemuyiwa, Co-founder of Eden; and Abdul Hassan, Co-founder of Mono.

Launched in June 2021 by TalentMatch, a expertise recruiting firm, the platform facilitates cross-border funds from Africa, allows funds between international employers and purchasers, points digital playing cards, and eases cost of tuition and different charges within the US, Canada, and the UK.

Launched initially as a product beneath the TalentMatch umbrella, Payday has since developed right into a fintech firm presently registered within the US, Canada, and Rwanda.

After its launch in June, Payday says it had over 5,000 customers and processed over $1.4 million transactions throughout the first three weeks, with most of its customers coming by way of referrals and “phrase of mouth”.

Based on Bosun Tijani, a member of Payday’s advisory board, “Payday’s resolution is extraordinarily well timed, and it backs up Africa’s agenda of a single market. Making it seamless and simple to pay folks of their native forex and thru a number of checkout choices is a robust enhance for AfCFTA.”

Nigeria’s bread shortage

<span>Photograph by <a href=””>Sonder Quest</a> on <a href=””>Unsplash</a></span>

First enjoyable truth: I like bread

Second enjoyable truth: I lately discovered that me and Emmanuel — Techpoint’s Senior Reporter — share an unusual love for bread. If you happen to like bread — or another flour-based merchandise — like the 2 of us, you then would possibly need to learn this.

In April 2021, The Central Financial institution of Nigeria (CBN) introduced plans to put wheat and sugar on the record of meals banned from accessing international alternate to preserve nationwide greenback reserves and encourage native manufacturing.

And in June, Bloomberg reported that Nigerian wheat consumers needed to flip to the parallel market to get {dollars}.

Final week, on Monday, October 4, 2021, rumours surfaced that the CBN was nearer to implementing these plans, because the apex financial institution is seeking to reduce Nigeria’s annual spend of $2 billion on wheat imports.

So, what does that imply in a rustic the place as of August 2021, meals inflation charges stood at 20.03%? 

Knowledge from the Nationwide Bureau of Statistics reveal that the typical bread costs in Nigeria elevated by 20.71% for unsliced bread and 17.25% for sliced bread yr on yr. As Nigerians — learn I and Emmanuel — mourn this rise in price, Intelligence by Techpoint thought-about the typical bread costs over the previous 24 months.

You’ll be able to see this here.

Squid Sport classes for startup founders

In the previous couple of weeks, it appears the Web broke after Netflix’s authentic film, Squid Sport premiered on September 17, 2021. Written and directed by Hwang Dong-hyuk, the movie has acquired quite a lot of consideration because it was launched.

So, full disclaimer: I haven’t seen it but. However I discovered a thread on Twitter by Joshua Wong, co-founder, Tokyo Coding Membership, about classes for startup founders and thought I ought to share. Additionally, there is likely to be spoilers.

First mover benefit? From Episode 1: Purple Mild, Inexperienced Mild, Wong attracts his first lesson. First mover benefit signifies that you get to the end line sooner with out a lot competitors, however this additionally signifies that rivals will be taught out of your errors and play higher.

It’s all within the technique: One of many six video games contestants performed was the honeycomb cookie recreation, the place gamers needed to fastidiously draw out a form from the cookie with out breaking it. 

And identical to individuals’ technique decided in the event that they had been profitable or not, Wong says this is applicable to startups as nicely. He, nevertheless, cautions that it may not all the time work whereas advising persistence in execution.

You’ll be able to try the opposite 4 classes here

Whereas attempting to make sense of the film, I discovered some fascinating titbits. Wish to make your honeycomb — dalgona (or ppopgi in Korean) — cookie? Right here’s a hyperlink to the recipe

Additionally, there’s a Digital Actuality recreation, which you’ll be able to obtain by way of the Oculus Retailer or on App Lab.

Some tales you might need missed

What I’m studying/watching

  • Microsoft Has Dedicated to Proper to Restore. Learn
  • Amaud Jamaul Johnson on Pleasure Priest’s Horsepower. Learn
  • An Interview with a Sociopath (Delinquent Persona Dysfunction and Bipolar). Watch


  • TalentQL is organising a 1-week non-public bootcamp for African Startups’ CTOs, Engineering Managers & Tech Leads facilitated by Engineering Managers from FAAMG. Comply with these hyperlinks to see the requirements and apply.
  • Aderinsola Oluwafemi, Product Supervisor at Eden Life, is in search of a Mid-Stage Vue Frontend dev for a completely distant, full-time position. And the pay is between ₦300,000 and ₦400,000. Apply here 
  • Former CTO at Bundle Africa, Taiwo Orilogbon, is constructing a brand new startup and is in search of full-stack and backend engineers. Comply with these hyperlinks to find out more and apply.
  • Construct your cloud expertise without spending a dime with Google Cloud. Apply right here

Have a splendid week forward!

Author, Humanoid, Perpetually she/her, Lover of phrases.


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