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    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.
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    Egyptian Mobility Unicorn Swvl Entangled in New Bankruptcy Allegations as Stock Dives

    The research firm also noted that Swvl has only $2.9 million in cash remaining, down from $9.1 million at the beginning of 2023.

    Zambia’s PremierCredit Rebrands to eShandi and Expands Across Southern Africa

    Founded in Zambia, PremierCredit has steadily evolved from its roots as a microfinance institution...

    Paystack, Flutterwave Face New Competition as PayRetailers Enters Key African Markets

    The company’s platform now covers 12 African countries, positioning it as a key player in Africa’s financial technology space.

    Uncap Launches $33.3M Fund to Address Dilution in African Early-Stage Funding

    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.

    Egypt’s SETTLE Raises $2M to Automate B2B Payments and Collections

    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.

    New Remote Visa Regime in South Africa Is Finally Here

    “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.”

    Swvl Secures $2.6 Million in New Saudi Deals, Profit Surges Sixfold in Q3 2024

    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.

    Farid Secures New Funding to Address Children’s Mental Health in Egypt

    The core of Farid’s model lies in its emphasis on modern educational methodologies that extend beyond traditional academic learning.

    IFC’s New $20M Loan Extension to SA Digital Lender Lulalend Targets Women-Led SMEs

    This loan agreement follows Lulalend’s $35 million Series-B funding round earlier last year, which the company described as “transformational” for its operations.

    Nigeria’s Regfyl Raises $1.1M to Tackle Fraud and Streamline Compliance for Financial Institutions

    This expansion comes on the heels of Ibidapo-Obe’s earlier success with LawPadi, a legal tech platform offering legal advice and regulatory guidance.

    Orange Fab Tunisie Opens Applications for 7th Corporate Accelerator Season

    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.

    Xero Acquires Bootstrapped South African SaaS Startup Syft Analytics in $70 Million Deal

    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.

    Latest articles

    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

    EFG Finance Takes Majority Stake in Egypt’s First Remittance Aggregator Balad

    The transaction hands control of the startup to one of Egypt’s largest financial groups.