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    African Startup Deal Tracker — Newest Deals

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

    Egypt’s First ‘Startup Label’ Goes to Digital Lender Flend

    Flend, a digital lender for small and medium-sized enterprises (SMEs), has become the first Egyptian company to be officially granted "Startup Label" certification.
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    African Startup Deal Tracker — Newest Deals

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

    The Rumors of MTN MoMo Cross-Border Transactions: Fact, Fiction, and the Future of African Fintech

    If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.

    FNB’s Venture Arm Stakes Big on AI Startup Trade Shield to Fortify Business Credit in South Africa

    Headquartered in Johannesburg, Trade Shield currently employs a team of approximately 45 professionals, including trade credit experts, data scientists, software developers, sales executives, and customer support staff.

    Ethiopia — First: New Licensing Wave Put Local Firms at the Forefront of Market Reforms

    A Dubai-based firm and several Ethiopian companies position for market dominance as the finance and logistics sectors open to foreign competition.

    From Ride Wars to Investment Wars: Global Ride-Hailing Giants’ New African Strategy — ‘It’s About Diversifying’

    The fight for the African commuter is no longer solely about offering the cheapest or fastest ride.

    Yango Group Launches $20M Venture Fund to Back African Startups

    The fund will target startups from the seed stage through to Series B funding rounds.

    In Memoriam: Bumpa Co-founder Adekunle Bakare Passes Away, Leaving a Legacy in Nigerian Tech

    Before co-founding Bumpa in 2018 alongside Kelvin Umechukwu, he had already amassed over a decade of experience in software development and technology infrastructure.

    As Edtech Struggles in Nigeria, One Startup Banks on Its Tutor—and the International Market—for a Turnaround

    A wave of economic turmoil is hitting Nigerians—and, by extension, startups—eroding their purchasing power. In response, one startup is turning to international markets under new leadership.

    VestedWorld’s Rising Star Fund Nears Target with $20m Raise for African Startups

    The Rising Star Fund will focus on deploying capital into early-stage ventures across seven key African markets.

    Egypt’s SWVL Turns to Fintech to Revive Its Struggling Fortunes

    The recent green light from Egypt’s Financial Regulatory Authority (FRA) for a raft of new fintech licenses hints at the favorable regulatory environment in SWVL’s home market.

    Sequoia-Backed Telda Expands Market Reach with Brokerage Acquisition After Regulatory Nod

    By 2023, Telda reported 1.5 million app downloads, 500,000 active users, and processed transactions worth $300 million.

    Okra-backer Susa Ventures Launches $175M Seed-Stage Fund — ‘We Don’t Care Who Else Is in the Round.’

    The firm was an early investor in Andela, a company that trains software developers across the continent, and in Okra, a Nigerian open finance fintech infrastructure company.

    Latest articles

    African Startup Deal Tracker — Newest Deals

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

    Egypt’s First ‘Startup Label’ Goes to Digital Lender Flend

    Flend, a digital lender for small and medium-sized enterprises (SMEs), has become the first Egyptian company to be officially granted "Startup Label" certification.

    What Failed Startups Taught Africa’s Most Active Investors

    From Sendy to Dash to Copia, a wave of high-profile collapses has quietly rewritten the investment playbooks of the continent's most prolific funds.

    Fido Ghana Secures $5.5M Debt to Sharpen AI Credit Scoring for Africa’s ‘Invisible’ Borrowers

    While the global venture capital market remains selective, the appetite for African fintechs solving the "data gap" is showing resilience.