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    Staff Writer

    https://launchbaseafrica.com
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    An 85% Chance of a $3.1bn IPO Within Two Years: Inside Opera’s High‑Stakes OPay Bet

    OPay began life inside Opera in 2018, initially as a mobile wallet and ride-hailing service before quickly pivoting to payments.
    Updates

    From M-Pesa to Flutterwave: Why Africa Built the Systems the World Now Needs

    "You cannot wait for perfect conditions because perfect conditions are never coming." - Ray Langa, Group CEO of Leagas Delaney South Africa, writes from Johannesburg
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    Saviu Ventures Targets Final Close for $50M Fund Focusing on African Startups

    The announcement comes as the firm celebrates a significant exit from its investment portfolio.
    Updates

    Kili Ventures Joins $1.5M Seed Round for WafR, Eyeing Morocco’s Cash-Heavy Market

    The startup has so far onboarded 8,500 active monthly merchants, with ambitions to expand to a network of 100,000 retailers.
    Ecosystem News

    Egypt’s Breadfast Valuation Reaches $268M Following Series B Extension Round

    One of Breadfast’s key investors, VNV Global AB, disclosed that its 8.6% stake in the startup is now valued at $23.1 million, up from an initial investment of $16.9 million in 2021.
    Partner Content

    Trump’s Foreign Aid Freeze Hits Bill Gates-Backed i3 Healthtech Accelerator — 3rd Cohort Now Slashed

    Originally designed to support up to 15 startups, including early-stage ventures, i3’s third cohort will now concentrate on a few select companies with proven traction and the potential to scale quickly.
    Venture Capital & Funding Sources

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.
    Updates

    South African University Spin-offs Attract Investor Interest

    UTF II will target 15 to 20 investments, focusing on scalable technology IP across diverse sectors.
    Updates

    South African Fintech UsPlus Secures $2 Million to Expand SME Financing

    Invoice factoring, a core service offered by UsPlus, allows businesses to access immediate cash by selling their outstanding invoices at a discount.
    Updates

    Ivory Coast’s Cauridor Secures $3.5 Million to Strengthen Africa’s Payment Infrastructure

    Cauridor was founded by Oumar Rafiou Barry and Abdoulaye Bah, two Guinean entrepreneurs who encountered firsthand the difficulties of sending money back home while studying in Canada.
    Ecosystem News

    Early-Stage Investor Saviu Reports Multi-Bagger Return on Lapaire Investment After Exit

    Saviu first invested in Lapaire in 2018, participating in subsequent funding rounds and ultimately holding a 22% stake.
    Ecosystem News

    Backed by New $13M, Egypt’s Simplex is Building a Major CNC Factory in Riyadh

    CNC machines, which use pre-programmed software to automate the movement of machine tools, are crucial for modern manufacturing processes.
    Policy & Regulations Forum

    Egypt’s New ‘Free’ Tax System Leaves Startups Out in the Cold

    Egyptian founders meet with the government often about their 'precarious' state, but to what end? A new law hopes to provide an answer.
    WESTERN AFRICA

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.
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    Latest articles

    Updates

    An 85% Chance of a $3.1bn IPO Within Two Years: Inside Opera’s High‑Stakes OPay Bet

    OPay began life inside Opera in 2018, initially as a mobile wallet and ride-hailing service before quickly pivoting to payments.
    Updates

    From M-Pesa to Flutterwave: Why Africa Built the Systems the World Now Needs

    "You cannot wait for perfect conditions because perfect conditions are never coming." - Ray Langa, Group CEO of Leagas Delaney South Africa, writes from Johannesburg
    Policy & Regulations Forum

    Why Several African Fintechs Just Quietly Registered in Canada

    The current wave of registrations spans a range of business models.
    Updates

    Swoop, Led by 19-Year-Old Thiel Fellow, Raises $7.3m from Silicon Valley to Take on Chowdeck

    UC Berkeley dropout Aubrey Niederhoffer is using food delivery as a wedge to build Africa's next super app. But he is entering a notoriously difficult market.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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