Last year, TLcom Capital, together with Flourish Ventures, backed South African fintech LittleFish. However, that investment ended up in court, with one of LittleFish's founders fighting for his 'life' in the company post-deal.
The dual role reflects an emerging pattern in African venture capital, where founders leverage operational expertise whilst pursuing investment opportunities.
The first rule of fundraising is knowing where the money is. Here's a comprehensive guide on who to pitch, where to find them, and how to approach them. In 2025, the majority of VC fundraising activity in African startups has come from these sources.
Filings from the Nigerian fintech unicorn disclose heavy spending on salaries and fees to pave the way for its acquisition of a regulated British payments firm.
Just as fintech unicorn Wave squares up against incumbents MTN and Orange, Cameroon's state-owned telco has decided to crash the mobile money party with its own long-promised service.