News
EdTech Startup, Teesas Closes Pre-seed Round of $1.6 Million
Teesas, an African-focused EdTech start-up that is delivering educational content to children aged 2 – 12 years via web and mobile applications, has closed a pre-seed round investment of $1.6m.
The funding round was led by Haresh Aswani of the Tolaram Group with participation from Olivegreen Advisory Partners, an African-focused Venture Studio, and other angel investors.
“We believe in the mission Osayi and the Teesas team has set forth on and are confident that they are best suited to crack the challenge of using technology to enhance access to quality education across Africa,” Aswani said.
Founder and Chief Executive Officer of Teesas, Osayi Izedonmwen, said: “We are delighted to have secured this funding just a few months after founding Teesas. It is invigorating that the funding has come from investors who understand what it takes to succeed in Africa and have backed or built fast-growing start-ups within the continent.”
Founded in 2021, Teesas is committed to delivering e-learning platforms that deliver curriculum-aligned educational content via web and mobile applications.
The Teesas educational app is aimed at children in reception and primary school grades and teaches core subjects through engaging tutor-led videos and eBooks in English and local languages such as Bini, Hausa, Ibibio, Igbo, Ijaw, Yoruba, and Tiv with plans to include French soon.
The pre-recorded videos are delivered by highly qualified tutors and uploaded unto the app across different grades with adaptation to make them fun using animation and gamification to enhance engagement and understanding.
Teesas also provides e-books and live classes to further deepen the child’s understanding and a companion app for parents called Teesas Parents that provides personalized content recommendation and real-time feedback on their child’s performance such as duration of videos watched within a course, percentage of revision quiz completed, test scores, areas of need, among others.
Izedonmwen added that with the investment, the start-up intends to expand its content to cover the entire K-6 curriculum, expand into Africa, establish a tutor marketplace and build out the tech team.
“I have always wanted to impact education through technology, and it is my firm belief that digital learning is the most effective way to bridge the educational gap in Africa and enhance teaching methods.
“Our strategy at Teesas is to apply indigenous adaptations along with gamification to the child’s learning experience in order to deepen understanding of core educational concepts at a foundational (K-6) level. Once cognitive skills are set on the right path at the lower schooling years, we see better academic performance as kids move into higher classes,“ he further said.
Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.
In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.
At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.
The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
ITUC-Africa Faults FG’s Plans to Remove Electricity Subsidy
SEC Begins Full e-Registration for Capital Market Services
NAICOM Revokes Nigeria Reinsurance’s Licence over Failure to Meet MCR
Many Nigerian Airlines May Collapse within 30 Days – Onyema
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira
From Scarcity to Scale: What Africa Can Learn from India’s Agricultural Transformation
EFCC Busts NIS Visa Overstay Racket, Uncovers N700m in an Account
BON Establishes Six Ad Hoc Committees to Modernize Broadcasting
How EFCC Turned Recovered Loot Into School Supplies for Thousands of Nigerian Students
E-Business3 days agoKaspersky Identifies Cyberespionage as a Growing Threat Across Africa, Others
Broadcasting3 days agoNBC Files Fresh Appeal against Judgment Barring it from Imposing Fines on Broadcast Stations
News3 days agoINTERPOL Report Shows AI Powers 55% of Cybercrimes in Africa Amid $484m Losses
E-Business2 days agoKaspersky Reveals a New Malicious Framework Targeting Cryptocurrency Users with the Use of OkoSpyware
E-Financial3 days agoNigerians Lost N25.85Bn to Digital Payment Fraud in 2025 –CBN
News3 days agoNigeria Expands Deep-tech Skills Pipeline
Telecom3 days agoWhy Strong Institutions Remain Africa’s True Growth Engine
E-Business2 days agoCMS T&M Launches TMO Rides to Enable a Faster & Cashless Transport Experience for CMS – Ajah Passengers