PayStand, Youverify, Beacon, Procurified, Cera, Epione. These are some of the names that made the headlines in the tech ecosystem this week, IgbereTV reports
A Lagos-based identity verification startup, Youverify, has secured a $1 million seed funding to expand footprints across Africa.
Also, a Nigerian energy-tech company, Beacon Power Services (BPS), on Friday closed a $2.7 million seed round funding led by Seedstars Africa Ventures.
Let’s get into details.
A Blockchain-enabled B2B payments company, PayStand, during the week, announced the full acquisition of Mexican FinTech, Yaydoo, to open opportunities for the automation of supply chain finance.
The PayStand Chief Executive Officer, Jeremy Almon, confirmed the development in a statement sent to IgbereTV on Friday.
What you should know: Paystand is on a mission to create an open and equitable commercial finance system, starting with a zero-fee network for B2B payments.
A Nigerian energy-tech company, Beacon Power Services (BPS), on Friday closed a $2.7 million seed round funding led by Seedstars Africa Ventures.
The founder and CEO, Bimbola Adisa, said in a statement that Persistent Energy, Kepple Africa Ventures, Factor[e,] and Oridun Capital Management participated in the seed round.
What you should know: With a goal to improve the quality and duration of electricity supplied to Africa’s cities, BPS creates smart grids across the continent and uses data to reduce the considerable inefficiencies in the electricity distribution systems.
A United Arab Emirates-based construction bid management platform, Procurified, during the week, secured a $ 1.1 million Seed Round led by Aditum Investment.
The Dubai-based construction bid management platform confirmed the funding in a statement announcing the company’s intent.
What you should know: The United States-based Signal Peak Ventures, Al Hathboor Group, Empede Capital and Strategic Angels participated in the exercise.
African healthcare startup, Epione Health Villages, on Thursday struck a partnership deal for the promotion of mental health therapy
