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    Ecosystem News

    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).
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    Ecosystem News

    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.
    Read more
    SOUTHERN AFRICA

    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...
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    Ecosystem News

    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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    SA Serial Founder Vinny Lingham Locks In Fastest Exit Yet With Rumi.ai Sale

    The South African-born entrepreneur and investor continues his run of form, selling his AI meeting startup to the US subsidiary of ASX-listed Decidr.
    Ecosystem News

    Spiro Lands $215M to Expand Its Battery-Swapping Network for Africa’s Motorcycle Taxis

    The latest equity injection, disclosed today, comes just four months after a $50m debt facility and pushes total disclosed funding beyond $415m.

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    The Anti-VC Pivot: Wasoko Founder Launches $100M Fund to Back Migration and Manufacturing

    "Venture-scale returns are only possible in a small subset of business models."
    Hard Talks

    From Profitability to $10M ARR: How Prembly Cracked Africa’s Identity Infrastructure

    "We’re processing around seven million unique verifications per month, up from 4.7 million."

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    Updates

    SA Serial Founder Vinny Lingham Locks In Fastest Exit Yet With Rumi.ai Sale

    The South African-born entrepreneur and investor continues his run of form, selling his AI meeting startup to the US subsidiary of ASX-listed Decidr.
    Ecosystem News

    Spiro Lands $215M to Expand Its Battery-Swapping Network for Africa’s Motorcycle Taxis

    The latest equity injection, disclosed today, comes just four months after a $50m debt facility and pushes total disclosed funding beyond $415m.
    Partner Content

    The 90-Day Value Window: The New Playbook for Tech Hiring?

    Instead of matching salaries offered by banks, telcos, or remote global employers, early-stage companies can win by...
    Updates

    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

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

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