The investment in Widebot reflects a broader trend in Saudi Arabia, as the Kingdom actively seeks to diversify its economy away from hydrocarbons under its Vision 2030 plan.

The acquisition of PaySpace — which serves over 15,000 clients, including global brands like Heineken, Coca-Cola, and Puma — fits into Deel’s broader ambition to strengthen its foothold in the payroll technology space, particularly in Africa and the Middle East.

For fintech firms eager to expand, the allure of passporting is undeniable.

Fibertime, through its subsidiaries fibertime™ and VulaCoin, offers a solution that tackles both affordability and accessibility.

E Squared Investments, an existing investor, has taken the lead in this round, marking its transition to Khula’s first institutional backer.

Revenues for the year jumped 68.4% year-on-year to $108.8 million (EGP 5.5bn), but it is the surge in profitability that has truly caught the eye.

African investors played a significant role, primarily in South Africa, Nigeria, Côte d’Ivoire, and Morocco. The biggest contributor was South Africa.

Africa's VC scene heats up as IFC pours investment into promising funds.

Quiet deals reflect robust activity beyond the headline figures in Africa’s growing tech scene

Ranked among the Top 500 in the 2025 Times Higher Education World University Rankings, Morocco's UM6P has actively invested in startups through UM6P Ventures.

FMO is breaking with convention, launching a $4M fund for African startups that puts local expertise at its heart.

Even in 2022, a year after the purported $3.5 million raise, Edukoya presented a net liability of £353,881.