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    Ecosystem News

    Kenya’s Chpter Raises $1.2 Million to Expand E-commerce Platform

    Although Chpter operates independently of Marketforce, some of its investors have previously participated in the latter’s funding rounds.
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    Ecosystem News

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.
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    Ecosystem News

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

    Looking ahead, Kredete plans to scale its money transfer services to all African countries, expanding beyond the 20 currently available.
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    CENTRAL AFRICA

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.
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    Egyptian Fintech Lucky Hits Profitability, Raises $23m Series B for North African Expansion

    The latest round comprises a mix of equity and debt.
    Ecosystem News

    Endeavor SA Closes $13.6M Co-Investment Fund to Target the Late-Stage Liquidity Gap

    The final close arrives 18 months after the fund announced its first close.

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    SafeBoda Pivots to Corporate Clients as Kampala’s Regulatory Crackdown Threatens Its Ride-Hailing Core

    This latest pivot suggests the company may be approaching the limits of its ability to absorb sustained regulatory pressure.
    Partner Content

    Apis Logs $1B in Gains as iKhokha and Baobab Deals Heat Up African Fintech 

    "We engage with buyers before we invest."

    Latest articles

    Updates

    Egyptian Fintech Lucky Hits Profitability, Raises $23m Series B for North African Expansion

    The latest round comprises a mix of equity and debt.
    Ecosystem News

    Endeavor SA Closes $13.6M Co-Investment Fund to Target the Late-Stage Liquidity Gap

    The final close arrives 18 months after the fund announced its first close.
    Updates

    The Hidden Limits of Flutterwave’s ‘New’ Bank

    Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.
    Updates

    Egyptian Covid-Era Biotech Reme-D Lands New Backing to Tackle Africa’s Diagnostic Crisis

    The Cairo-based startup will use the investment to scale its cold-chain-independent PCR testing kits across Africa and the Middle East.

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