Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

TechAdvance Secures $1 Million Funding, plans to Expand

Tech Gist Africa by Tech Gist Africa
08/14/2019
in Africa, Africa News, News
0 0
3
TechAdvance Secures $1 Million Funding, plans to Expand

Photocredit: ventureburn.com

0
SHARES
Share on FacebookShare on Twitter

TechAdvance, a Nigeria-based payment application development firm, has raised $1 million in funding. The fintech company secured the funds from the Bahrain-based energy investment firm, Lamar Holding. This recent funding values the company at $20 Million.

The company will leverage the funds to facilitate its cross-border expansion globally. The move for expansion by TechAdvance will grow Lamar’s portfolio in the tech ecosystem, whilst placing them strategically in Africa. 

TechAdvance’s numerous subsidiaries major on different sectors of the emerging markets like utility bill payments, digital financial services, and transportation software. The company was recognised as one of the top companies to Inspire Africa in the London Stock Exchange Group’s Report, earlier in 2019.


See also: MTN Nigeria Secures License to Provide Financial Services From CBN


According to the Founder and CEO of TechAdvance, Edmund Olotu, the secured funds will grant them the opportunity to adjust their focus on ready opportunities in all emerging global markets. 

In his words; “the payments space in emerging markets is buzzing with opportunities but faces several major barriers. This fund will allow us to shift our focus to these opportunities – especially the launch of our digital bank, without compromising our existing business lines.”

Hani Abdulhadi, Vice President at Lamar Holding said they are excited to invest in TechAdvance. He sighted that this will be an opportunity for Lamar and TechAdvance to partner and disrupt emerging markets in Africa and the Middle East with its digital solutions.

 

More on TechGist Africa:

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
Trella joins Ycombinator

Egypt-based Trella Joins YCombinator Summer 2019 Batch

Solarise Kenya

Energy Startup, Solarise Secures Undisclosed Series A Funding

Kenya-based Ilara Health secures $735 Thousand Seed Funding

Kenya-based Ilara Health secures $735 Thousand Seed Funding

Comments 3

  1. Pingback: TechAdvance Secures $1 Million Funding, plans to Expand | NAIJA NEWS AGENCY
  2. Pingback: Kobo360 Secures $30 Million to Expand across 10 African Countries | NAIJA NEWS AGENCY
  3. Pingback: Energy Startup, Solarise Secures Undisclosed Series A Funding | NAIJA NEWS AGENCY
No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.