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.
From Wall Street to AI: Amid legal battles and the collapse of his fintech empire, a Nigerian fintech founder has launched a substantial AI project, marking a dramatic new twist to...
“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.”
CubeSpace has established itself as a key player in the SmallSat sector, providing cost-effective and reliable solutions that streamline satellite deployment.
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.
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?
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.
The payments platform attracts Standard Chartered and Sony as it pushes into Latin America and Asia-Pacific, even as regulatory friction persists in some of its core markets.
