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 company’s managing director in Saudi Arabia, Mohamed Tarek, recently joined Taager after his previous venture, Egyptian fintech Cassbana, faced difficulties.
Led by European venture capital firms Grazia Equity and BACKED VC, the oversubscribed round signals investor appetite for solutions addressing the continent’s persistent financial inclusion challenges .
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.
The initiative aims to provide early and growth-stage startups with direct access to funding, mentorship, and networking opportunities within one of the world’s most competitive startup ecosystems.
Are you prioritizing public image, bossing your teams, chasing valuation, or focusing on profitability? A new tool is here to help founders stay on track.
