The court has upheld conviction for illegal co-founder share dilution fraud, a dramatic downfall for the innovator who laid the groundwork for fintech success stories like Wave.
Kuda’s handling of these allegations will likely set a precedent for workplace policies within Nigeria’s fintech ecosystem, an industry that has grown exponentially over the past decade.
A torrent of press releases celebrates the dynamism of Africa's tech scene, but a closer look reveals a more precarious reality....The immediate impact on mobility fintech Moove remains...
Extensive data analyzed by Launch Base Africa reveals regional differences in co-founder tenure across the continent. A crucial question arises: What agreements did co-founders sign when establishing their companies?
To date, ANAVA has committed €45 million across 10 venture capital (VC) funds, including those operating out of Nigeria and Senegal. The fund targets up to 13 funds.
This tech-first approach has yielded impressive results, with Sumet reporting 15x growth since the second quarter of 2023 and a tripling of its team to over 70 employees.
Giza-based Swypex recently raised $4 million in seed funding led by Accel. However, Fawry’s scale, resources, and latest additions to its offering further complicate matters for the two-year-old fintech.
Expensya, a Tunis-born, Paris-headquartered company, was acquired by Medius in 2023 for a reported sum exceeding $100 million, marking one of the largest exits for an African-founded tech company.
“They all knew that the naira’s devaluation was a direct result of Tinubu’s monetary policy, which depegged the naira from the dollar. Instead of acknowledging this, they used Binance as a convenient villain.”
British and Nordic development banks join forces to bet on specialist firm AgDevCo to unlock agricultural potential and bolster food supplies in Africa.
The court has upheld conviction for illegal co-founder share dilution fraud, a dramatic downfall for the innovator who laid the groundwork for fintech success stories like Wave.
