What’s happened this Week:

• Ghanaian fintech Zeepay raises $10 million

• Bluechip Technologies launches in Europe

• Nigerian fintech TeamApt backed by QED with $50 million

• and more!

Amazon had already announced that they were expanding to Nigeria in 2023 but they’re already gotten started with the announcement of their Prime Video service which launched last week.

Nigerian users will now be able to pay in their local currency to watch Prime Video content and shows including “The Boys” and “Incredible”.

The service is currently working on a couple of original Nigerian shows including “Gangs of Lagos” which is slated to launch this year.

Netflix has already planted its flag in Nigeria by producing original shows but now they’re going to compete with Prime which should make things interesting in Nigeria. According to data, Amazon Prime Video is currently estimated to have about 600,000 subscribers in the whole of Africa compared to Netflix’s 3 million users.

Africa is starting to look attractive to streaming platforms and it doesn’t look like that’s going to stop anytime soon.

Disney Plus…… your move…

In The News This Week

Zeepay Raises $10 Million As Part Of Its A.5 Series Round To For Expansion Efforts

Zeepay, a leading cross-border payments company operating as a challenger mobile money company announced that it had raised $10 million.

The medium-term debt raise, which forms part of its A.5 series, comes to support Zeepay in a bid to augment its fast-growing remittance to wallet business. The raise was led by Symbiotics BV with USD 9 million and supported by a Mauritius-based fund with USD 1M totaling USD 10 Million.

Bluechip Launches in Europe Following Successful Pan-African Expansion

Bluechip Technologies, Nigeria’s leading provider of business application and data management solutions, announces its European launch following growing demand for its products and services.

Nigerian Fintech TeamApt Backed By QED With $50 Million+ Investment

QED Investors, a U.S. fintech-focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech that provides business payments and banking platforms. The investment was over $50 million, according to sources familiar with the matter.

Farmerline Launches ‘Support a Farmer’ Campaign To Raise 1 Million GHS to Support Ghanaian Farmers With Affordable Fertilizer

Farmerline, has started the ‘Support a farmer’ initiative which is aimed at raising money to provide 250,000 bags of discounted fertilizer for 25,000 farmers in Ghana.

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Africa Ecosystem Funding Activity

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