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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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    Launch Africa Ventures Investment Series: Fintech Startups Cauri Money and Kredete Join the List

    The platform connects borrowers and lenders, streamlining the lending process from application to repayment.

    AfDB Injects $10M into KawiSafi Fund II to Boost Africa’s Climate Tech

    "the Bank’s commitment will leverage investments into groundbreaking African startups tackling climate change through renewable energy, clean mobility, and other vital sectors for achieving our climate goals.”

    Ivory Coast’s doo! Secures Saviu Ventures Backing to Transform Mobile Money into Service Hubs

    doo! leverages this widespread infrastructure to create a one-stop solution for various essential services, thus transforming each Mobile Money agent into a multi-service hub.

    The Kenyan Wall Street’s Wainaina Joins Conduit for $6.5M-Backed Africa Expansion

    Wainaina brings a wealth of experience to Conduit, having previously served as a director at The Kenyan Wall Street.

    Nigerian Fintech Grey Finance Surpasses 1 Million Users, Fueled by $2 Million Seed Funding

    This impressive growth comes just seven months after reaching 500,000 users in November 2023.

    Foreigners Can Now Open Bank Accounts in Egypt, Says Central Bank

    The CBE received complaints from foreign clients regarding difficulties in opening accounts, hindering their ability to access essential banking services.

    Nigeria’s Matta Secures Additional Funding to Bridge Africa’s Chemical Supply Chain Gaps

    With a presence beyond Nigeria in markets like Cote Ivoire, Senegal, and Mauritius, Matta plans to expand to South Africa and Eastern Africa by the end of 2024.

    Investment Firm Taps into African Sports Tech Market with NERGii Deal

    This technology is poised to not only elevate the performance of athletes but also address common pain points experienced by consumers.

    Why South African Banks Will Block Digital Transfers to Namibia, Eswatini, and Lesotho Next Month

    This decision, while intended to curb financial crime, will disrupt the seamless flow of funds that has long characterized the region.

    Former Flutterwave Exec’s Startup, Sendsprint, Expands US Reach with Nobel Financial Buy

    According to the World Bank, remittances to the region surpassed $54 billion in 2023 and are expected to continue rising in the coming years.

    Egypt’s T-Vencubator Fund Seeks Innovative Startups to Invest In

    T-Vencubator aims to invest in 5 Egyptian startups by 2025, providing them with the investment capital and practical support needed to ensure their growth and success.

    From Bangalore to Lagos: The Rise of Indian Tech Influence in Nigeria

    Dubbed the “Engineering Mobility Program,” the strategy...involves relocating engineers from Flutterwave’s African offices to Capgemini’s offices in Bangalore, India.

    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.