Without much margin of error, it can be said that Nigeria has recently become the center of attention when it comes to the development and investment of start-ups at the African level.

In fact, according to a report that evaluates each city based on its ability to create an environment that promotes digital growth, Nigeria comes first in the African continent.

And it was from Nigeria that the payment platform online, Paystackhas expanded and consolidated its operations into South Africa, after a six-month pilot phase.

"South Africa is one of the most important markets on the continent and our presence there is an important step in our mission to accelerate trade in Africa," said Shola Akinlade, CEO of Paystack.

"We are very pleased to continue developing the financial infrastructure that strengthens ambitious businesses in Africa, helps them grow, and connects them to global markets," he added.

Note that the start-up was acquired for $200 million by the payment technology company Stripe in 2020. The transaction represents the largest acquisition of fintech in the history of Nigeria.

Founded in 2015 by Shola Akinlade and Ezra Olubi, the Paystack helps companies in Africa to be paid by anyone, anywhere in the world.

The company was active in Nigeria and Ghana before expanding into South Africa.

In the Kenyan market start-up insurtech Lami has raised $1.8 million in seed funding and the capital will be used to enhance its offering capabilities and fund the expansion of its insurance platform across Africa.

This startup consists of a platform that provides users with quotes for auto, medical and other insurance products in seconds and allows them to customize benefits, adjust premiums and obtain policy documents instantly with claims paid in record time.

"The driving force for us was to make insurance widely available. We felt that implementing the technology infrastructure to facilitate insurance distribution was the best way to increase the level of penetration in Africa," said CEO Jihan Abass.

Founded in 2018 by Jihan Abass to "democratize" insurance products in Kenya, the startup qualifies companies as banks, startups and organizations to provide digital insurance products to their users.