Africa Roundup: Kenya?s BRCK acquires EveryLayer, Nigeria?s TeamApt eyes global expansion

There’s more on the deal and Africa’s internet connectivity equation in this TechCrunch exclusive on the acquisition.Nigerian fintech startup TeamApt raised $5.5 million in capital in a Series A round led by Quantum Capital Partners.The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app.Founded by Tosin Eniolorunda, TeamApt supplies financial and payment solutions to Nigeria’s largest commercial banks—including Zenith, UBA, and ALAT.For Eniolorunda, launching the fintech startup means competing with his former employer, the later stage Nigerian tech company Interswitch.The TeamApt founder is open about his company going head to head not only with Interswitch, but other Nigerian payment gateway startups, including Paystack and Flutterwave, he told TechCrunch in this exclusive.TeamApt, whose name is derivative of aptitude, bootstrapped its way to its Series A by generating revenue project to project working for Nigerian companies, according to its CEO.The venture now has a developer team of 40 in Lagos, according to Eniolorunda, who spent 6 years at Interswitch as a developer and engineer himself, before founding the startup in 2015 .“The 40 are out of a total staff of about 72 so the firm is a major engineering company.