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    Latest Funding

    Novastar Ventures Backs Sistema.bio with $3M to Expand Biogas Solutions in Africa

    This marks the first investment from Novastar’s Africa People and Planet Fund III (NVIII).

    LemFi, Led by OPay Alumni, Raises $53M in Series B to Tap into Booming Remittance Market

    LemFi has achieved significant milestones, including processing over $1 billion in monthly payment volume and recording $2 billion in annual transaction volume in 2023.

    Following TymeBank’s acquisition of Retail Capital, FutureGrowth Invests $8.3M in Rival Sourcefin

    Sourcefin, a South African fintech company specializing in alternative funding for small and medium-sized...

    Tyme Group Becomes Africa’s Latest Unicorn After $250 Million Funding Round

    The funding round attracted global heavyweights, including a $150 million investment from Nu Holdings Ltd., Latin America’s largest financial institution.
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    A Busy Month for US Investors in African Startups

    American capital was spread across fintech, e-commerce, AI, and climate infrastructure.

    Nigeria Lost Nearly Half Its Millionaires in a Decade — the Worst Decline in Africa

    Nigeria’s decline stands out in a landscape where several other African markets have managed to grow their high-net-worth populations.

    I&P Broadens Scope of African Agritech Investment to Include Six New Countries

    According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.

    Real Estate is Eating Startups: Why Founders Need a Smarter Space Strategy

    The startup graveyard is full of good ideas undone by bad decisions.

    Latest articles

    A Busy Month for US Investors in African Startups

    American capital was spread across fintech, e-commerce, AI, and climate infrastructure.

    Nigeria Lost Nearly Half Its Millionaires in a Decade — the Worst Decline in Africa

    Nigeria’s decline stands out in a landscape where several other African markets have managed to grow their high-net-worth populations.

    After Major Failures Across Africa, Investors Look for a New Breed of Foreign Startup Founders

    From recent funding rounds, three categories of seemingly “acceptable” foreign founders stand out.