Technext Technext
  • Home
  • Stories
    • App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear
      App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear
      10 hours ago 0
      35
    • Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended
      Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended
      1 day ago 0
      72
    • Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      2 days ago 0
      104
    • Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform
      Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform
      2 days ago 0
      156
    • Alphabet Shuts down Balloon-powered Internet in Kenya Months after its Launching
      Alphabet Shuts down Balloon-powered Internet in Kenya Months after its Launching
      2 days ago 0
      93
    • Google Search And Facebook News Could Leave Australia if Forced to Pay News Publishers
      Google Search And Facebook News Could Leave Australia if Forced to Pay News Publishers
      3 days ago 0
      86
    • Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      3 days ago 0
      120
    • Here Are 5 Major Tech Events that Happened With Joe Biden’s Inauguration
      Here Are 5 Major Tech Events that Happened With Joe Biden’s Inauguration
      3 days ago 0
      111
    • Covid-19 Update: FG Against Jan 18 School Resumption, Nigeria Readies Freezers for Vaccines
      Covid-19 Update: FG Against Jan 18 School Resumption, Nigeria Readies Freezers for Vaccines
      4 days ago 0
      137
  • Features
    • Sell it or Repurpose it, Here are 5 Things You Could do With your Old Gadgets and Devices
      Sell it or Repurpose it, Here are 5 Things You Could do With your Old Gadgets and Devices
      4 days ago 0
      117
    • 5 Tips to Make Your Business More Popular on Social Media
      5 Tips to Make Your Business More Popular on Social Media
      2 weeks ago 0
      228
    • Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      2 weeks ago 0
      390
    • Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      2 weeks ago 0
      450
    • Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      3 weeks ago 0
      415
    • ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      4 weeks ago 0
      463
    • After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      4 weeks ago 0
      411
  • Reviews
    • Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      2 days ago 0
      104
    • Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      3 days ago 0
      120
    • You Can’t Get Your NIN Slip Through the NIMC App but Here are 3 Things You Can Do With it
      You Can’t Get Your NIN Slip Through the NIMC App but Here are 3 Things You Can Do With it
      4 days ago 0
      189
    • Netflix Surpasses 200 Million Subscribers, Says It no Longer Needs External Financing
      Netflix Surpasses 200 Million Subscribers, Says It no Longer Needs External Financing
      5 days ago 0
      126
    • With Growing Interest in Forex Trading, Here are 5 Best Forex Brokers in Nairaland, Nigeria
      With Growing Interest in Forex Trading, Here are 5 Best Forex Brokers in Nairaland, Nigeria
      5 days ago 0
      137
    • Kenya Overtakes Nigeria as Africa’s Favorite Investment Destination
      Kenya Overtakes Nigeria as Africa’s Favorite Investment Destination
      5 days ago 0
      272
    • App Review: Omomi Gives Mothers and Guardians Access to Excellent Child Healthcare
      App Review: Omomi Gives Mothers and Guardians Access to Excellent Child Healthcare
      5 days ago 0
      120
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Nigeria’s Flutterwave Listed Among Most Valued Y Combinator Companies

    Gbemileke Babatunde
    2 weeks ago
    Nigeria’s Flutterwave Listed Among Most Valued Y Combinator Companies

    Nigerian fintech, Flutterwave has made the list of top Y Combinator companies by valuation and top exits as of January 2021. Flutterwave is ranked 115 out of 134 global tech companies featured on the shortlist.

    American startup accelerator, Y Combinator estimates the 134 companies at a combined valuation of over $300 billion, with each company valued at more than $150 million. Over 60,000 jobs have been created in total by the companies, according to Y Combinator.

    According to Crunchbase, Flutterwave’s valuation lies between $100 million to $500 million as of January 21, 2020.

    Screenshot from YCombinator Top Companies

    In 2020, Flutterwave raised $35 million in a Series B round led by US venture capital firms, Greycroft and eVentures. The $35 million round was one of the top funding deals closed in the Nigerian tech space last year.

    From Bolt to Flutterwave, Here are the Top 5 Nigerian Tech Fund Raisers of 2020

    Headquartered in Lagos and San-Francisco, Flutterwave is the only Nigerian tech company to appear on the list, although Stripe-acquired Paystack is featured in the top 3.

    Valued at up to $100 billion, U.S. rental online marketplace AirBnB is the highest ranked company on the list, followed by food delivery service, DoorDash and e-payments giant, Stripe.

    Stripe ranks 3rd on the Y Combinator list

    Stripe is worth over $36 billion. Last year, the company acquired Nigerian e-payments service provider, Paystack for over $200 million, the largest ever startup exit in the Nigerian tech ecosystem.

    Stripe Acquires Paystack for $200M+, the Biggest Ever Startup Acquisition in Nigeria

    In 2016, Paystack became the first Nigerian startup to enter into the Y Combinator accelerator program. Since then, many other Nigerian startups have passed through the 3-month prestigious entrepreneurial program for founders.

    Suggested read: Nigeria Has Produced More YCombinator Cohorts Than Any other African Country

    As of 2019, Digest Africa reported that 13 of the 28 African startups to have participated in the Y Combinator program over the last 10 years were Nigerian companies.

    Apart from Flutterwave and Paystack, other Y Combinator-trained Nigerian startups include Cowrywise, Helium Health, Bamboo, 54gene, Kudi, Releaf, Kobo360 and CredPal, among others.

    Known for investing in early-stage startups for a 7% equity, YCombinator has funded up to 2,412 startups since 2014.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email

    Gbemileke Babatunde

    Mechanical Engineer; Telling Africa-focused tech stories on startups, policy and governance.

    Samsung Unveils Galaxy A12, A02 and A02s, Announces Joeboy as Brand Ambassador
    Next article
    Samsung Unveils Galaxy A12, A02 and A02s, Announces Joeboy as Brand Ambassador
    YouTube Suspends Donald Trump
    Previous article
    YouTube Suspends Donald Trump’s Account For 1 Week, Restricts Comments On His Channel Indefinitely

    Related Posts

    • Stories 10 hours ago

      App Review: Sety Let's You Know if there's Danger Around and When the Coast is Clear

      App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear
      Stories 1 day ago

      Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended

      Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended
      Reviews, Stories 2 days ago

      Global Tech Roundup: President Biden Reverses Nigeria's Travel Ban

      Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
    • Stories 2 days ago

      Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform

      Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform
      Stories 2 days ago

      Alphabet Shuts down Balloon-powered Internet in Kenya Months after its Launching

      Alphabet Shuts down Balloon-powered Internet in Kenya Months after its Launching
      Stories 3 days ago

      Google Search And Facebook News Could Leave Australia if Forced to Pay News Publishers

      Google Search And Facebook News Could Leave Australia if Forced to Pay News Publishers

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Uber Launches Digital Top-up Feature ‘Uber Cash’ in Partnership with Nigeria’s Flutterwave
      Uber Launches Digital Top-up Feature 'Uber Cash' in Partnership with Nigeria's Flutterwave
      8 months ago 0
    • Nigeria’s Sensitive National Data is Reportedly in Wrong Hands and the Government Seems Indifferent About it
      Nigeria's Sensitive National Data is Reportedly in Wrong Hands and the Government Seems Indifferent About it
      10 months ago 0
    • Volume of POS Transactions in Nigeria Increases by 8 million in September, Over 25,000 Devices Deployed
      Volume of POS Transactions in Nigeria Increases by 8 million in September, Over 25,000 Devices Deployed
      3 months ago 0
    • Nigerians Roast Banky W on Twitter, Oby Ezekwesili’s Withdrawal and other Stories that Rocked Social Media Last Week
      Nigerians Roast Banky W on Twitter, Oby Ezekwesili's Withdrawal and other Stories that Rocked Social Media Last Week
      January 27, 2019 0
    • Introducing Carrot.ng, a FinTech Company Set to Simplify Access to Inheritance and Estate Planning Online
      Introducing Carrot.ng, a FinTech Company Set to Simplify Access to Inheritance and Estate Planning Online
      June 11, 2018 0

    Follow Us

    Latest Tweets

    • technextdotng If you’re wondering what to do with them, then you may want to consider one of these five things you can do with an… https://t.co/QFKXTuG6oU
      about 4 hours ago
    • technextdotng Using this metric, there are probably about 27 million NINs yet to be sent to telcos for verification by the Nation… https://t.co/bCcSA5xwXO
      about 7 hours ago
    • technextdotng New post: App Review: Sety Let's You Know if there's Danger Around and When the Coast is Clear https://t.co/DQe7o6l3fJ
      about 9 hours ago
    • technextdotng At almost half a billion, it is a huge investment by the SID group considering that train transport is not yet full… https://t.co/qURtd7qz5V
      about 10 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    72.8% of our voters opt to give out their old devi 72.8% of our voters opt to give out their old devices or go with the flow of things.

What do you do?
#Smartphone #gadget #Polls
    Top App Downloads in Africa (2020) 1. Egypt - 2.3 Top App Downloads in Africa (2020)
1. Egypt - 2.3 billion
2. S/Africa - 680 million
3. Nigeria - 640 million

Read more at technext.ng
#Payments #Africa #Fintech #Finance #Innovation #Technology #Nigeria #SouthAfrica #Egypt #Consumer #Kenya #Report #Gaming #Gamers
    Highest In-app Spending in Africa (2020) 1. S/Afri Highest In-app Spending in Africa (2020)
1. S/Africa - $210 million
2. Egypt - $120 million
3. Nigeria - $60 million

Read more at technext.ng
#Payments #Africa #Fintech #Finance #Innovation #Technology #Nigeria #SouthAfrica #Egypt #Consumer #Kenya #MobileApp #App
    According to our latest poll results, the ride hai According to our latest poll results, the ride hailing battle in Nigeria is still between Uber and Bolt, with both clinching 77.8% of the votes.

#RideHailing #Nigeria #Polls
    Happy birthday to the in-house "techie", @Tommy_bl Happy birthday to the in-house "techie", @Tommy_blanc.
Best wishes from all of us at Technext. @te

#WeAreTechnext #HappyBirthday
    RIP David Ntekim. Our thoughts are with your famil RIP David Ntekim.
Our thoughts are with your family.

#Tribute #RIP
    Load More... Follow on Instagram

    Random News

    • Is TikTok Really a Parasitic Platform as Reddit CEO Steve Huffman Claims?
      Is TikTok Really a Parasitic Platform as Reddit CEO Steve Huffman Claims?
      11 months ago 0

      During a conference yesterday, CEO of Reddit, Steve Huffman accused TikTok, a Popular and fast-growing social media platform of being ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy