Led by European venture capital firms Grazia Equity and BACKED VC, the oversubscribed round signals investor appetite for solutions addressing the continent’s persistent financial inclusion challenges .

The startup has already processed over $1 billion in payments since its inception in 2022, serving over 700,000 individuals and 300 businesses.

The Egyptian fintech is attempting a restart after two co-founders left.

Everlectric, a South African startup providing full-maintenance leases of commercial electric vehicles (EVs), has...

To date, ANAVA has committed €45 million across 10 venture capital (VC) funds, including those operating out of Nigeria and Senegal. The fund targets up to 13 funds.

The initiative aims to provide early and growth-stage startups with direct access to funding, mentorship, and networking opportunities within one of the world’s most competitive startup ecosystems.

Are you prioritizing public image, bossing your teams, chasing valuation, or focusing on profitability? A new tool is here to help founders stay on track.

The 7-year-old fintech is also banking on an imminent commercial banking license in Egypt.

Under the agreed terms, investors have committed to a six-month lock-up period and restrictions on share transfers.

In a move that signals both progress and familiar power dynamics in Egypt’s remittance...

This announcement follows a year of significant momentum for P1, highlighted by its largest investment to date: a co-investment alongside Accel in Nuitee, a Moroccan AI-powered hotel booking platform, which raised a $48m Series A round.

Yousef Rahmani, who holds a Ph.D. in Law from the University of Oxford, co-founded ToumAI Analytics in 2020.