After a two-year stint in regulatory purgatory, Africa's two largest tech hubs are off the 'grey list'. VCs and payment startups can breathe… a little.
The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.
The raise, which includes Visa and Google, defies a broader African tech funding downturn and will fuel the $1bn-plus-valued company’s continental expansion.
The Nasdaq-listed South African fintech has quietly added another small enterprise-focused company to its portfolio, paying cash for a fintech business as it continues to widen its offering for large-scale clients.
The Egyptian investment bank is carving out a reputation as the region's most prolific corporate incubator, following last year's blockbuster valU IPO with a listing request for its K‑12 education platform - but a jittery market will test investor appetite.
