More

    Staff Writer

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    spot_img

    Keep exploring

    After Major Failures Across Africa, Investors Look for a New Breed of Foreign Startup Founders

    From recent funding rounds, three categories of seemingly “acceptable” foreign founders stand out.

    Nigeria Lost Nearly Half Its Millionaires in a Decade — the Worst Decline in Africa

    Nigeria’s decline stands out in a landscape where several other African markets have managed to grow their high-net-worth populations.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

    Munify Lands $3M Seed to Build New Rails for Egypt’s $30bn Remittance ‘beast’

    The startup is headquartered with an international outlook, serving Egyptian expatriates across the U.S., Europe, and the Gulf, while also targeting business .

    Kenya’s Poa Internet Lands $4m to Bridge Urban Digital Divide

    Founded in 2015, Poa Internet has carved out a niche by specifically targeting low and middle-income neighbourhoods often overlooked by larger telcos like Safaricom and Zuku.

    South Africa’s Central Bank Just Bought Half the Country’s Payments Plumbing. Meet PayInc

    South Africa's once-sleepy interbank utility has a new name and a powerful new part-owner in the central bank. The mission? To finally drag the nation away from cash.

    A Finnish Two-step: Money + Nokia

    Nokia has a deep place in Africa's internet infrastructure startups.

    Is Wave’s Golden Era Over? Regulators and Telcos Close In on Payments Unicorn

    Francophone Africa's fintech unicorn is facing its greatest tests yet.

    France’s Largest LP Bpifrance Backs Nigerian Solar-Cooling Startup Koolboks in $11M Round

    The round, a mix of debt and equity, will help the climate tech scale its PAYGO refrigerators for small businesses across Africa, tackling food waste and unreliable power grids.

    Degas’s $100m Deal: The Japanese Plan to Wire Africa’s Farms with AI and Satellites

    From Zipline to others, Africa’s breakthrough deeptechs almost always carry a touch of Japanese influence.

    TymeBank vs Paymenow: The Race to Own the South African Paycheck

    ​Earned Wage Access (EWA) is booming as a lifeline for cash-strapped workers. But is it a responsible solution or a new dependency cycle? Fintechs like TymeBank, Paymenow, and platform-provider Deel are betting big.

    Tunisia’s New Labour Law Forces a €24bn IT Hiring Giant to Quit the Country After 23 Years

    The company is pulling out of Tunisia after a new law upended its business model.

    Latest articles

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.