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Tekedia Capital Syndicate Q2 2021 Demo Day – June 12

By
Ndubuisi Ekekwe
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0

Tekedia Capital Syndicate Q2 2021 Demo Day is coming up as follows: June 12, 2021 at 4-6pm WAT on Zoom. New micro-investors and Founders are invited. Learn more 

Tekedia Capital Syndicate Q2 2021 Demo Day is coming up as follows: June 12, 2021 at 4-6pm WAT. In the Member area, you will see the startups and the videos we have made on them, along with the Demo Day Zoom link. The Syndicate Q2 2021 investment window is the last week of June and first week of July; plan accordingly. We welcome new members (details below). We started this mission to democratize wealth creation in the continent. Simply, email our team and schedule a time; we actually want to speak with you before you join.

https://youtu.be/oKabUZalbJk

Welcome Havenhill Synergy To Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

Good People, join me to welcome Havenhill Synergy Limited under the leadership of Olusegun Odunaiya to Tekedia Institute. Havenhill is a clean-tech utility company that uses renewable (solar) energy to generate clean, cost-effective and sustainable electricity in urban and rural Nigeria. Over the next few weeks, we will be co-sharing and co-learning together with this amazing clean energy company. Welcome to the Institute and thanks for choosing us.

To learn more about Tekedia Mini-MBA, click here.

 

Atletico Madrid Wins Spanish La Liga for the 11th Time

By
Samuel Nwite
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0

Atletico Madrid won the Spanish League on Saturday, snatching the much coveted prize away from Real Madrid and Barcelona for the first time in a long while.

La Liga ended in a dramatic fashion as the top three teams, Real Madrid, Barcelona and Atletico Madrid faced their opponents simultaneously to decide who goes home with the league title.

Atletico led the league table with two points, followed by Real Madrid who were one point shy, and Barcelona who lost their chance to clinch the title against Granada, consequently dropping to the third position with seven points behind the leaders. The Rojiblancos needed only to beat Valladolid fighting not to get relegated.

At the end of 90 minutes, the suspense-filled games which saw the Madrid rivals losing 1-0 in the first half, ended in 2-1 victory respectively. It also ended a seven-year title drought for Atletico.

Second half goals from Ángel Correa and Luis Suárez sealed the victory for Atletico, to the excitement of about 3,000 fans waiting outside the car park outside the José Zorrilla stadium.

Real Madrid secured a 2-1 victory over Europa finalists, Villarreal, but it’s not enough to change the 2020/21 season title story, sealed through crisis and misfortune.

Barcelona, who was long left out of the race, secured 0-1 win over Eibar, and had to deal with seeing Suarez who they forced out in Summer, scored the winner to secure the 11th league title for the Diego Simone’s side.

Suarez left Barcelona for Atletico Madrid for $7 million, after 283 games, 195 goals, 113 assists and 13 trophies.

“Barca didn’t value me, and Atletico opened their doors for me. I will always be grateful to this club for trusting in me,” teary Suarez said after the match.

https://twitter.com/LaLigaEN/status/1396168922991370242?s=20

The Uruguayan scored 21 goals in the season to help Atletico clinch the title. But more of his joy came from winning La Liga from a top rival club after being rejected by the Catalan giants, a situation his friend and former team mate, Lionel Messi had regretted.

It’s more like a repetition of the 2009 incident, where Samuel Eto’o was forced to leave Barcelona for Italian side Inter Milan, and went on to win the Champions League, beating Barcelona in the semifinal.

Atletico coach Diego Simeone, who since 2014 has fought to bring the title home, had a fulfilled season.

“I’m happy for a lot of people,” Simeone said after the game. “It has been a very complex year, and so many people have been lost because of the virus, so for Atletico to be champions is different.

“It was a tough year, like our history; it’s one of the best years to be champions,” he added.

The season has been marred by the COVID-19 pandemic, cutting off spectatorship and plummeting clubs’ revenue. Winning through the chaos is borne of charisma and resilience that the entire Atletico Madrid team is known for.

Lagos-Based Financial Health Startup, BFREE Raises $800,000 Seed Funding Round

By
Samuel Nwite
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0

Nigerian startup BFREE, which focuses on improving consumers’ financial health through a tech-enabled, credit management solution, has raised a $800,000 seed funding round to help it scale.

The Lagos-based BFREE was founded last year by Chukwudi Enyi, Moses Nmor and Julian Flosbach, and already manages more than 300,000 customers for the majority of leading lenders in Nigeria.

The startup’s credit management solution aims to incentivize consumers that have fallen behind on their credit repayments to sustainably clear their balances by deploying a combination of self-servicing solutions, communication automation, and human operations, supported by machine learning algorithms that cluster and predict customer behaviour. This results in higher recovery rates for lenders and a better customer experience for borrowers.

BFREE has now raised US$800,000 in seed funding to help it expand operations, with the round led by Nigeria-based Beta.Ventures alongside Launch Africa Ventures and GreenHouse Capital.

“Inefficiency and lack of transparency of collections are not unique challenges to digital lenders and also not peculiar to Nigeria. We see significant use cases among other customer verticals with digital products such as commercial and microfinance banks, embedded finance solutions, like buy-now-pay-later, credit cards, and even tax payments at some point. Basically, everywhere where value is owed, our solutions can be deployed. Here, we also don’t just build a solution for Nigeria, but a solution that can be potentially used in every emerging market with a challenging infrastructure for collections,” said Flosbach.

Ike Eze of Beta Ventures said he was excited to help grow the first ethical credit management company on the continent.

“Efficient and user-friendly credit collection is an essential part of the credit value chain. BFREE is essential for the existing credit market, and it opens the door for significant credit deepening in Africa and any other emerging market,” Eze said.

“The team is highly experienced in lending and is now solving a problem that they once faced themselves, which is something that we like a lot in founders.”

Bunmi Akinyemiju, founding partner of GreenHouse Capital, said his company knew the challenges around collections first-hand.

“Within a few months, BFREE has been launching product after product and now already achieves 60 per cent of total collections via non-human activities, gradually taking the risk of human liability out of the collections process,” he said. “They are innovating at a point in the lending value chain that has been broken and long ignored. Their goal is to make collections more efficient and data-driven, and this is the essence of the role of a tech startup.”

Don’t Miss The Early Bird Deadline – Register for Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

Welcome to Tekedia Institute. We run an amazing business school which has attracted professionals and students from 36 countries. Our Faculty members come from Microsoft, Shell, Flutterwave, Nigerian Breweries, Jobberman, Coca Cola, and other great organizations. Thrice weekly, I personally coordinate live Zoom sessions on the mechanics of business systems. We bring our Faculty and Guests on those sessions, covering industries and business domains.

REGISTER today and join us! Today is our early bird registration deadline for the edition beginning June 7 to end Sept 1, 2021. Beat it for tons of benefits. Register here.

Prof Ndubuisi Ekekwe
Lead Faculty, Tekedia Institute

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