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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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    Fuzé Investment Series: Tunisian Health-tech ReMotion Rehab Joins the List

    The company’s business model, which combines a subscription-based service with equipment sales, aligns with the growing tele-rehabilitation market, projected to reach USD 15.9 billion by 2032 (Global Market Insights, 2023).

    TerraPay Secures $95M to Fuel African Remittance Growth, Backed by Major Investors

    The company’s cap table is notably influenced by the IFC, Partech Africa, and Prime V Holding 2 B.V., all of whom have shown continued support for TerraPay’s mission.

    Inside Algeria’s Startup Labelling System: Over 2,300 Now Labeled Four Years Later

    The advantages of obtaining the startup label extend far beyond mere recognition. Labelled startups enjoy a suite of benefits designed to accelerate their growth and sustainability

    QuestionPro Acquires Cmiles CX, Enters Egyptian Market

    Egypt's Cmiles CX is known for its innovative use of kiosks to gather real-time customer feedback at physical touchpoints, offering valuable insights into customer interactions.

    Mobility Startup Zeelo Exits South Africa, Hands Reins to Ride-Sharing Rival LULA

    Zeelo, a US-based company that launched its South African operations in 2019, has decided to exit the market to focus on its core markets in the US, UK, and Ireland.

    d.light Secures $176 Million to Expand Solar Access in East Africa

    The company’s PayGo model allows customers to pay for solar products in installments using mobile money.

    New US Parole Program Offers 5-Year Visa to African Startups with $260K+ Raised

    To qualify, entrepreneur must have a significant ownership stake (at least 10%) in a U.S.-based startup that was formed within the last five years.

    Kenya’s Bio-Logical Secures $1.3M to Expand Biochar Carbon Removal

    The funding round was led by a consortium of high-net-worth individuals and investors, including CrossBoundary, Redshaw Advisors, and existing investor, the Steyn Group.

    Fuzé Investment Series: Tunisian Fintech Konnect Networks Gets Funding Boost

    Konnect Networks, a leading payment solution provider in North Africa, offers businesses of all sizes a simple and intuitive platform to accept a variety of payment methods.

    Egyptian Fintech ValU Banks $8.3M From Card Issuance in Just 3 Months

    ValU CEO Walid Hassouna reported that 55,000 cards have been activated, processing 250,000 transactions worth approximately 400 million Egyptian pounds ($8.3 million USD)

    Lateral Frontiers VC Raises $28M to Back African Tech Ventures

    The firm’s impressive track record includes four successful exits since its inception in 2018.

    Kenyan Beauty Startup Uncover Skincare Raises $1.4M in Seed Funding Round

    The company employs an omnichannel approach, combining a robust online platform with partnerships with leading retailers to ensure visibility, trust, and product availability. This hybrid strategy is crucial for success in the African beauty market.

    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.