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Alitheia Capital – They Can Fund Great Ideas And Are Lagos Based

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Tekedia Editors
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Alitheia creates investment structures, provides project management and incubates businesses. Its business streams include Fund Management, Project/Business Incubation and Corporate Strategy and Development. This company recently invested in PagaTech through the Goodwell West Africa. If you have the right idea, it is the type you can send an email.

 

Alitheia was founded by professionals with in-depth, relevant experience of transaction structuring and execution; business formation and development; real estate development and investment management. The team is led by Jumoke Akinwunmi and ‘Tokunboh Ishmael. Together they have over 35 years experience spanning investment banking, private equity investing, technology and new business development, project and asset management.

 

Key Services

Fund Management
The Company’s fund management business focuses on two areas – (i) the management of specialised funds that enable sustainable investments, which meet the twin objectives of positive economic and social impact; and (ii) the leveraging of existing and newly developed real estate portfolios for private equity investments.

Project Management
The Company lends its strong technical competencies and deep knowledge of its key markets to the development and management of commercial and residential properties; and advises on strategies for unlocking capital tied up in real estate. Our real estate offerings broaden participation in the sector and address the scarcity of project management expertise
Business Incubation/Corporate Strategy and Development
Alitheia advises its clients on the development of new businesses, the restructuring and turnaround of existing businesses. Our services include start up execution, business planning and funding.

Draper Fisher Jurvetson Investment in PagaTech Was Close to $1m

By
Tekedia Editors
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It was reported that a U.S. based popular venture capitalist invested in Paga few months ago. No amount was mentioned. But Tekedia  reports that through an internal source that the investment is close to $1m. Our source put it at between $850,000 to $1m.

 

Paga will continue to attract investments because of its unique product which is a growth area. The license from the CBN is basically all that it needs to attract investors. Forget the technology, just the license. In short, the license as the investment and not the technology. Nigeria is the biggest black race and this mobile payment thing could be disruptive to banking. And that is why the like of UBA is moving into Uno.

 

The investment was made through the Draper Fisher Jurvetson (“DFJ”) which backs extraordinary entrepreneurs everywhere who set out to change the world. DFJ achieves its mission through its DFJ Global Network of Partner Funds. Together, DFJ and the Network manage over $7B and have made more than 600 investments on four continents. With a 25-year history of success across diverse sectors and market conditions, DFJ has led the way investing in emerging technologies, from the Internet and life sciences to clean energy and nanotechnology.

 

Pagatech was founded in early 2009 with a mission to transform lives by delivering innovative and universal access to financial services across Africa. Our first product offering, Paga, is a direct to consumer mobile payments service launched to the general public in February 2011. Paga is an innovative, open, secure, and interoperable mobile payments platform that allows any person who has a mobile phone to transact electronically – thus turning the mobile phone into an electronic wallet.

Goodwell West Africa Invests in Paga – The Lagos Based mPayment Company

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Tekedia Editors
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Goodwell West Africa, a microfinance investment vehicle co-managed by investment manager Goodwell Investments and Alitheia Capital in Nigeria has invested Paga – the Lagos based mobile payments company.

 

Paga is a pioneering mobile money service launched in Nigeria in February 2011, after receiving approval from the Central Bank of Nigeria. With Paga, any person with a mobile phone or access to the internet is able to send cash, purchase airtime credit, pay bills, pay retailers and perform a variety of other transactions. Paga operates via a nationwide network of dedicated agents, which include several hundred agents associated with DStv, the leading provider of multi-channel pay television in Africa, with whom Paga has an exclusive partnership.

 

Goodwell Investments is an innovative impact investment firm focused on access to finance and sustainable development. It invests in entrepreneurial microfinance organisations on a socially and commercially sustainable basis. Its microfinance investments are focussed on two regions: India and West Africa. In West Africa, Goodwell works in partnership with Alitheia Capital based out of Lagos.

No amount was stated.

DealDey Closes on 100,000 Customers – Have ePayment Systems Now

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Tekedia Editors
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The service that Groupon invented is doing well in Nigeria. DealDey which was founded recently by Harvard graduate  Sim Shagaya is doing just fine. It now has close to 100,000 customers. Tekedia was informed that this company can top  500,000 customers before the end of 2011 at the rate customers are signing. There is a deal right now for women and you can save a good deal.

 

Launched in March 2011, DealDey features a daily deal on the best things to do, see, eat, and buy in Lagos. DealDey is an easy and fun way to get fantastic deals on great experiences. At DealDey we support local businesses and in return they support consumers with good savings! We want to create a “Win-Win” scenario each and every day for local merchants who want to attract new customers, and consumers who want to save money and take advantage great services and activities in their own city.

 

Our company philosophy is simple: We help great businesses be found by consumers who are looking for a great deal. Our members and featured businesses are treated with utmost care and respect. Our primary motive is to keep both our customers and merchants happy and coming back every day.

 

Industry-University Alliance: Technology for Dental Treatment

By
James T Collins
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A group of researchers and scientists at the Liverpool University, after about a decade or research, recently won an award for developing what they called the iDENTifi, a system that can detect early stages of plague, tiny and secondary cavities as a result of failing tooth filling, or those which occur on the biting surface of the teeth.

 

The device uses a Clinical SLR (Single Lens Reflex) Camera(SLR cameras are similar to the old cameras with single lens, no digital display, so you have to look through a viewfinder. They also have specially designed flash for up-close pictures), with a combination of special filters to take snap shots of the mouth under blue light. The uniqueness of the device comes in the application of Qualitative Light Induced Fluorescence (QLF) technology along with the SLR  cameras. This produces a special image pattern that can be analyzed visually by dental professionals. The image pattern is based on fluorescence emission by the teeth after being exposed to a form of blue light, the fluorescent pattern are dependent on the chemical properties of the area being taken.

 

The system will eliminate the need for current systems which need to use dyes and discoloring agents to identify plague, while also being able to identify more dangerous plagues.

 

The system is designed in such a way that the resulting digital image produced can be sent to any device wirelessly, either a PC, or tablet.

 

The device proved to be more than just another research product that is destined to die on the shelves but its design and incorporation of cutting edge technology makes it practicable and marketable, especially in this age of tablet computers. This fact is evident in its winning the Medical Future Awards.

 

This project is again another example of collaboration between industry and the academia, being a synergy between the Liverpool University and the Inspektor Research Systems BV, a dental health care development company, although the idea originated at the university.

 

This is not just having fun with technology; this is solving a problem that is estimated to cost 45Million pounds in treatment annually.

 

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