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.
The launch of Unconventional Capital also signals a strategic shift within Uncap. The fund will operate independently from Uncap’s proprietary technology platform, “Level,” a recently launched SaaS tool designed to streamline investment management for funders and accelerators across Africa.
Founded in 2023 by Mostafa Mubarak and Camille Sayour, SETTLE aims to fill a long-standing gap in Egypt’s digital economy by focusing on B2B financial operations.
“The regulations for a new points-based work visa and the remote working visa are now in place. This marks the beginning of an era where we leverage global talent while maximizing local benefits.”
The deals, signed during Q3 2024, bring Swvl’s total business in the country to new heights as the company strengthens its presence across major cities including Riyadh, Dammam, Madina, and Jubail.
This loan agreement follows Lulalend’s $35 million Series-B funding round earlier last year, which the company described as “transformational” for its operations.
In a significant move to foster innovation within Tunisia’s startup ecosystem, Orange Fab Tunisie has launched a call for applications for the seventh season of its corporate accelerator programme.
Syft Analytics began its journey from a small office in Johannesburg’s Parktown North. For the first few years, the founders juggled full-time jobs while working to get the startup off the ground.
Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.
Founded in 2010 by Ben Lyon and Dylan Higgins, Kopo Kopo has been at the forefront of Kenya’s fintech space, helping over 20,000 businesses adopt mobile payment solutions.
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.
