In partnership with Basqet ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

May 31, 2022

Forwarded? Subscribe here.

View webversion

Good day , 

Victoria here,

Last weekend, the African National Congress (ANC) — South Africa's ruling political party — said it was pushing for changes to South African television regulations, including the free broadcast of key sports.

Why? The party believes that matches involving national teams like the Springboks — South Africa's Rugby squad — should be made free or at a reduced cost to the South African Broadcasting Corporation (SABC).

Most importantly, it plans to prohibit the sale of exclusive broadcasting rights. And this has a direct impact on MultiChoice and its pay TV service, DStv, which is regarded as the country's premium sports broadcaster.

Why? DStv has exclusive sports broadcasting rights. For gist and insight, listen to today’s episode of the Techpoint Africa Podcast here.

Well, I've got two funding news to discuss today:

  • Betastore’s $2.5 million pre-Series A
  • Ayoken’s $1.4 million pre-seed

Unrelated, but help Techpoint Africa determine how much African tech workers earn by filling out this form or sharing it with your developer friends.

basqet-2nd

With Basqet, you can accept crypto payments from your customers anywhere in the world and get your payments in crypto, USD or your local currency without fear of volatility. Plus zero chargebacks ever!

Sign up on Basqet to start accepting crypto payments.

betastore

Betastore’s $2.5 million pre-Series A

Betasore, a Nigerian B2B retail marketplace for informal retailers, announced $2.5 million in pre-Series A funding yesterday, May 30, 2022.

The round saw participation from 500 Global, VestedWorld, and Loyal VC.

Launched by Steve Dakayi-Kamga and Leo-Armel Tchoudjang in 2020, the startup allows informal traders to source fast-moving consumer goods (FMCGs) directly from manufacturers or distributors.

Besides, the company claims it keeps product prices competitive by removing interactions with sales agents. It also collaborates with logistics partners to ensure that goods are delivered within 24 hours.

Informal retailers can order products through AI-powered channels like SMS, WhatsApp chat, and other apps and have their goods delivered to their stores.

Retailers use the company’s Betastore wallet to repay loans, deposit funds for operations, and send, receive, and save money.

The wallet allows them to separate their business money from their personal money. It also enables retailers to receive and send money to any bank and load cash with any agency banking platform.

The startup says it aims to reach over 10 million informal retail outlets that account for more than 90 percent of the total essential goods trade. Also, it plans to launch its Buy Now, Pay Later financing strategy in July 2022.

The company wants to enter new markets before the end of the year and expand to 100 cities across Nigeria, Ivory Coast, and Senegal. It’s also planning to reinforce its technology and leadership teams, bring in new products and improve existing ones.

newsletter-600x300-adjusted

In 2021, transportation contributed $4.8 billion to Nigeria’s GDP but it could have done three times as much. Accidents and insecurities in transport are contributing to rising cost of goods and services, but all that could change with the right policies and innovative technologies. 


Experience the revolution at the Africa Mobility Conference with the theme: Pathway to the future of mobility in Africa, taking place on Thursday, June 2, 2022. Register immediately!

joshua-king-ayoken

Ayoken’s $1.4 million pre-seed

Ayoken, an NFT marketplace, announced that it had raised $1.4 million in pre-seed funding to help users grow their revenue streams via digital collectibles.

Investors like Founders Factory Africa, Texas-based Kon Ventures, Europe-based venture capital collective Crypto League, Ghana-based R9C Ventures, and Maximus Ventures participated in the round.

In addition, the startup’s marketplace, known as Ayokenlabs, serves as a bridge between fans and artistes, giving fans a stake in their idols' success.

According to Joshua King, Founder and CEO of Ayoken, this means fans will be able to obtain tokens like behind-the-scenes videos and album art through the NFT marketplace.

Also, NFT holders will receive additional benefits like access to previously unreleased music and exclusive live events hosted by the creatives.

Per King, VIP passes will allow fans to listen to music by these artistes before it is available on Spotify, YouTube, or Apple Music. They will also receive discounts for future events.

Ayoken intends to release NFTs of some major African artistes and others from around the world in the coming months. The startup has already collaborated with Ghanaian Afrobeats artiste, KiDi (Dennis Nana Dwamena) for his first NFT release on June 1, 2022.

Moreover, Ayokenlabs will feature digital collectibles from sports brands, and influencers all over the world.

While most of the funds will be used to acquire exclusive licences and to quadruple the size of its tech team, the company plans to use the funds to sign exclusive deals with artistes and partnerships with telcos

Advertisement
techpoint-may_1

Payment collection just got easier on Fincra! Receive payments from your customers via debit/credit cards or bank transfers and settle these payments to your Fincra wallet or your bank account.).

As a business, you only need to create easy-to-share payment links from the Fincra merchant portal or embed payment buttons on your online platform to gain access to Fincra Checkout; no coding is required. 


Create an account in less than 2 mins and Try Fincra checkout here

What I'm reading and watching

In case you missed it

  • How I Work: Peace Itimi, Digital Marketing Professional and Trainer

Opportunities

  • The African Leadership Group and Udacity are offering 5,000 scholarships to African citizens who want to advance their careers in tech. by learning new digital skills. Scholarship recipients will enrol in one of the following Udacity Nanodegree programmes: Data Analyst, Full-Stack Web Developer, or Cloud Developer. Apply here.
  • Grant Master has announced the start of its second Creative Writers Fellowship cohort. The Fellowship for Creative Writers will take place virtually from July 4th to August 26th, 2022. Apply here.
  • MOBI Automation, a startup that uses Web3 technologies to solve business problems, is looking for a Chief Technology Officer, UI & UX Designer, Senior Frontend Developer, and Creative Designer. Send your resume here.
Have a terrific Tuesday!

victoria_3

Victoria Fakiya (@latoria_ria)

 

A writer with ADHD who is interested in mental health and how technology is improving the lives of Africans with mental disorders.

  • Did you enjoy reading this? Help spread the message by forwarding to at least 10 of your contacts. Also, let us know what you think by filling this quick survey.
  • Was this email forwarded to you? Subscribe here.
  • Want to advertise with us? Email business@techpoint.africa.