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June 21, 2022


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Good day , 

Victoria here,

I believe it's been a while since you've seen anything about the Techpoint Africa Podcast on Digest. And now, you're probably wondering why I'm bringing that up.

I have exciting news: the Techpoint Africa Podcast has reached its 100th episode! 😊😊

While Oluwanifemi gave us an intriguing glimpse into how it all started, the editorial team — except Bolu — shared something they've liked about hosting the podcast.

Spoiler alert: Emmanuel thinks you should take the news they discussed with a grain of salt. He has clearly given up on Nigeria and, by extension, Africa.

And here's the best part: to commemorate the 100th edition, we're giving away something hooooogeee!! If you're reading this, it's something you can't live without, regardless of who you are or what you do.

So, listen to the podcast and see how you can win. Please, listen here.

Today, I'll be discussing:

  • How Babajide Asegbeloyin works
  • Afropolitan's $2.1 million pre-seed
  • mTek's $3 million funding

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


How does Babajide Asegbeloyin work?

Babajide Asegbeloyin describes his work habits in this week's episode of How I Work. He is referred to as the "Bridge Builder," which piqued my interest.

So, I checked his LinkedIn profile for more information, and I found something kinda different.

LinkedIn stalking information: Asegbeloyin considers himself a highly motivated, execution-focused, and resourceful professional with progressive experience in product management, electronic/digital banking, product development, and technology community engagement. Impressive, isn't it?

He previously worked in telecommunications and brand marketing before moving into the banking industry.

Interestingly, he has spent most of the last ten years in the banking industry, working as a product manager for electronic payments and collections at First City Monument Bank (FCMB) Limited. There, he got promoted from product manager to head of tech ecosystem and venture sourcing.

One of the things he loved about his role as the head of his department was FCMB being the first financial institution to establish a unit and desk dedicated to driving strategic engagement in the tech ecosystem.

So, having worked there for about ten years, he joined FSDH Merchant Bank as a Bridge Builder.

How? He’s currently doing what he previously did — creating opportunities for tech startups and acting as a bridge-builder between legacy (financial) institutions and the tech ecosystem.

He's an interesting mix of conventional and techie, using technology for work but still writing on paper. So, if he needs to write a memo or something entirely new, you'll most likely see him pick up a pen. He also keeps a diary and tries to scribble.

So, how does this bridge builder work? Learn more here: ​​How I Work: Babajide Asegbeloyin, Head of FinTech Business at FSDH Merchant Bank

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Afropolitan's $2.1 million pre-seed

Afropolitan, a community-as-a-service company for the African diaspora, has raised $2.1 million in pre-seed.

VCs who participated include Hashed, Atlantica Ventures, Microtraction, Cultur3 Capital, and other unnamed investors.

The round also saw some angel investors, including Balaji Srinivasan, Elizabeth Yin of Hustle Fund, Shola Akinlade of Paystack, Ian Lee of SyndicateDAO, Iyinoluwa Aboyeji of Future Africa, Olugbenga Agboola of Flutterwave, and Jason Njoku of IROKO.

The startup was founded by Eche Emole and Chika Uwazie in 2016. It offers Africans and those in the diaspora a variety of community-led opportunities through travel, events, and media.

The company plans to create the first Internet country, complete with its currency and a common goal. Why? Emole believes that Afropolitan is addressing the problem of bad governance because "governments across Africa and globally have failed black people in general."

We've seen several blockchain startups emerge in an attempt to bring millions of Africans into the "new economy," but Afropolitan focuses on Africans in the diaspora.

Also, Afropolitan's social layer will allow members to invite new people and share resources, economic opportunities, culture, and media, resulting in an exponential network effect as more folks join the network due to its increasing value.

Consequently, the startup envisions a four-phase plan for this digital nation. The first phase involves continuing its media and events to communicate its vision through its events and podcast.

Afropolitan will launch a super app in phase two, bringing together all the utilities in its ecosystem under one roof. Members can send money across borders (remittances), collect risk capital, incorporate their businesses, apply for e-residency, and participate in learn-to-earn initiatives.

The third phase is about getting ready for their “transition from digital to virtual.” They will establish a network of seed institutions, including subsidiary funds, organisations, and a developing internal economy.

The final stage of Afropolitan's push for full-scale sovereignty is when it reaches critical mass.


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mTek's $3 million funding

Kenyan insurtech startup, mTek, has received an additional $3 million investment following a recent $1.5 million funding.

Finclusion Group, an African-focused fintech platform, made the investment in debt and equity. It is developing a full-service neobank offering for its users, offering, among other things, earned-wage access, BNPL, and a direct credit offering.

It currently operates in South Africa, Eswatini, and Namibia in Southern Africa, and Kenya and Tanzania in East Africa.

Meanwhile, mTek was launched in 2020 by Bente Krogmann (CEO). Since then, it claims to have grown consistently by doubling its customer base and gross written premium every quarter to date through its paperless insurance.

In addition, it has collaborated with over 35 Kenyan underwriters to provide its clients with a better experience when purchasing and renewing insurance policies.

The funds will be used to launch the company's expansion in Kenya through 25 Finclusion Group branches, where agents will be trained.

As part of its mission to provide insurance to the uninsured, mTek hopes to reach one million users through its innovative insurance offering by 2024. Also, over the next two years, the company hopes to expand into six African countries.

mTek will also use the funds to develop fully digital, market-ready insurance offerings that are easily accessible and affordable to the uninsured.

What I'm reading and watching


  • Code for Africa has an immediate opening for a full-time Security Evangelist anywhere in Africa to join its civic technology lab and help build digital tools that strengthen its democracies and empower citizens. Apply here.
  • The Amazon Web Services (AWS) Startup EMEA team is looking for early-career and advanced-career professionals with limited technical experience to join the team as a Startup Associate Solutions Architect. Apply here.
  • The ARMS Labs Lagos Techstars Accelerator Program is now accepting applications from early-stage African fintech and proptech startups.. Apply here.
  • Are you a woman in tech looking for a 3-month mentoring programme in product design and management, data science, and software engineering? Then apply for the She Code Africa Mentoring Program (SCAMP) here.
  • Torche is looking for a UI/UX designer to join its team. If you’re one, apply here.
Have a lovely Tuesday!

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.

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