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    Latest Funding

    Ecosystem News

    Ivory Coast-Based Fintech Hub2 Secures New Funding to Expand Payment Services

    In a subsequent funding round in September 2023, HUB2 received a €1.25 million equity investment from ESSOR PME La Réunion.
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    Latest Funding

    Profitability-Focused Cartona Raises $8.1M for Egyptian Expansion and Potential Saudi Entry

    Cartona’s asset-light approach has allowed them to scale rapidly, as evidenced by their annualized gross merchandise volume (GMV) increasing from EGP 2.3 billion ($120 million) in 2022 to EGP 10 billion ($210 million) currently. This scalability is appealing to investors seeking high-growth potential.
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    EASTERN AFRICA

    Kenya’s Sukhiba Connect Secures Additional Funding to Scale WhatsApp-Based Commerce Platform

    Kenya’s high WhatsApp penetration, with 97% of internet users utilizing the platform according to a 2022 survey, has been a catalyst for Sukhiba’s growth.
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    NORTHERN AFRICA

    TLcom Capital & Plus VC Lead $2.5M Investment in Egypt’s Educatly

    The funding will be used to solidify Educatly’s presence in key markets across the Middle East and Africa, including Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
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    Updates

    Egyptian Unicorn MNT-Halan Closes $82M Debt Haul as Loan Book Nears $1B

    Fintech group captures nearly a quarter of Egypt's micro-lending market and expands retail credit footprint as EGP 4bn securitisation program supports growth.
    Updates

    Fresh Off Its Jordan Launch, Cairo’s Valu Lands $18M in Latest Securitisation Deal

    The transaction marks the fourth tranche executed under the company’s ongoing EGP 10 billion [$190 million] eighth securitisation framework.

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    Industry

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.
    Industry

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

    Latest articles

    Updates

    Egyptian Unicorn MNT-Halan Closes $82M Debt Haul as Loan Book Nears $1B

    Fintech group captures nearly a quarter of Egypt's micro-lending market and expands retail credit footprint as EGP 4bn securitisation program supports growth.
    Updates

    Fresh Off Its Jordan Launch, Cairo’s Valu Lands $18M in Latest Securitisation Deal

    The transaction marks the fourth tranche executed under the company’s ongoing EGP 10 billion [$190 million] eighth securitisation framework.
    Policy & Regulations Forum

    Fintech Unicorn Wave Caves to Regulators as BCEAO Holds Firm on West Africa’s Payment Deadline

    The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.
    Ecosystem News

    African Fintech’s Debt Shift Comes With a Catch

    Headline totals hit $1.9bn, but a surge in collateralised debt and shrinking medians reveal a market concentrating around asset-heavy giants.

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

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