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The story starts with a ₦23 million mistake. In 2017, Nigerian entrepreneur Ndifreke Ikpoku thought he had secured a valuable piece of land on the outskirts of Port Harcourt. The documents looked legitimate. The deal seemed solid.
For the longest time, if you said “venture capital in Africa", one word would immediately follow: fintech. Payments. Lending. Digital banks. Mobile money. That’s where most of the money has gone, and honestly, for good reason.
In 2016, Selar wasn’t a startup with a grand master plan to dominate Africa’s creator economy. It was just an idea. No pitch deck. No market thesis. No “this is how we’ll win” roadmap. Just one simple belief from founder Douglas Kendyson: People don’t just want to consume content sometimes; they want to support the people who create it.
In a world where access to fair financing can make or break someone’s ability to earn a living, a relatively young fintech is stepping up with a clean, bold solution. GoCab, a mobility-focused fintech that helps gig-economy workers own the tools they use every day, like cars, bikes, and delivery vehicles, has just announced $45 million in new funding to take its vision even further.
For years, Paystack had one job: help African businesses get paid online, easily and reliably. It did that so well that Stripe bought the Nigerian fintech for $200 million, turning it into one of Africa’s biggest tech success stories.
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