The latest round comprises a mix of equity and debt.

The final close arrives 18 months after the fund announced its first close.

Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.

The Dubai-headquartered lending platform's most revealing growth story is not in Africa's largest markets.

The Cairo-based startup will use the investment to scale its cold-chain-independent PCR testing kits across Africa and the Middle East.

In Morocco, three startups are all targeting the same 126,000 independent retailers. Backed by Morocco's largest bank, its royal family holding company, and a South African insurer, the race is now about who locks in the merchant first.

The mandate, announced this week, forces a reckoning for the region’s largest fintechs and telecom operators.

Flourish Ventures is a long-standing backer of Flutterwave, having first invested in the African fintech giant during its early growth stages in 2017.

Flutterwave, Africa’s most valuable fintech, has acquired a microfinance bank (MfB) license from the Central Bank of Nigeria (CBN).

First-quarter data reveals a fracturing landscape, with domestic funds diverging sharply from foreign backers.

While fintech remains a dominant sector for African venture capital, the nature of the deals has changed.

Cascador will select 12 founders who are leading companies with proven traction for a hybrid experience.