For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
For Elmawkaa, the acquisition marks a significant success for its founders and early investors, who include entities such as Flat6Labs, TIEC, 500 Global, and Taqadam.
Since its initial launch at the 2015 PGA Golf Merchandise Show in Orlando, Florida, Tagmarshal has grown from a bootstrapped startup in South Africa to an established player in the U.S.
As the first blockchain fintech company in South Africa to receive the Crypto Asset Service Provider (CASP) license from South Africa’s Financial Sector Conduct Authority (FSCA), Kotani Pay has also positioned itself as a trusted bridge between fiat and digital currencies.
“Sales teams are burdened by repetitive tasks that detract from their primary goals,” said co-founder Matthias Wickenburg. “Our vision is to enable these teams to perform at their best by leveraging AI to handle the background work.”
The new entity will work closely with partners across Africa and Asia to further develop digital educational tools, including games, interactive learning sessions, and AI-powered adaptive technologies.
This partnership marks Tyme’s strategic expansion into Southeast Asia’s financial landscape, building on its established presence in South Africa and the Philippines while offering Finfra valuable international exposure.
Moniepoint joins a small cohort of African 'unicorns', including Interswitch, Flutterwave, and Wave, companies that have redefined how Africans access financial services.
“Since winning the competition, we have hit 200,000 registered users in Kenya and are now expanding our solution into Rwanda,” shared Samuel Njuguna, CEO and co-founder of Chumz.io.
For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.
