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.
Thanks to a new partnership with mobile payment platform Zapper, Luno customers can now use cryptocurrencies to make transactions at over 31,000 merchants nationwide.
While the fund’s primary focus is on Kenya and Nigeria, it has already backed companies with operations in a diverse set of countries, including Côte D’Ivoire, Ghana, Madagascar, Senegal, South Africa, Sierra Leone, and Zambia.
Through its wide network across 47 African countries and beyond, AGL aims to be at the forefront of technological transformations in the continent’s logistics space.
The round was led by Equitane (formerly known as the Africa Transformation and Industrialization Fund: ATIF), alongside contributions from Morgan Stanley Inclusive Ventures Lab, Silverbacks Holdings, and a network of angel investors.
The timing of GoMyCode’s transition into an accredited university comes as the global education sector faces increasing uncertainty due to advances in artificial intelligence (AI).
Global Ventures has previously made notable investments in a variety of African startups, including Kenya's Ilara Health, Egypt's Paymob, Nigeria's Moniepoint. Others include Helium Health, Metro Africa Xpress Inc. (MAX), Elmenus…
The $700,000 in pre-seed funding will allow Scale to accelerate its market entry into three African nations, where the company aims to enable fintechs and other businesses to offer payment solutions that are otherwise challenging to deploy.
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.
