Nigerian Startup Celebrates ₦3 Trillion Payout Milestone

In 2016, three individuals in their twenties launched an online platform in Nigeria, asking users to trust them with their savings. As of now, this company has disbursed more than ₦3 trillion (approximately $2.3 billion) to its users.

The past ten years have seen significant changes in Africa's tech ecosystem, including funding booms, regulatory shifts, and the emergence of various startups, some of which did not survive. TechCabal is set to launch a new series titled "Class of 2016," which will focus on the startups from that period that have endured the decade and the investors who backed them when few others were willing to do so.

The series is scheduled to begin next week, leading up to the Moonshot event in October.