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IFC’s New $20M Loan Extension to SA Digital Lender Lulalend Targets Women-Led SMEs

This loan agreement follows Lulalend’s $35 million Series-B funding round earlier last year, which the company described as “transformational” for its operations.

September 18, 2024

Ecosystem News

Xero Acquires Bootstrapped South African SaaS Startup Syft Analytics in $70 Million Deal

Syft Analytics began its journey from a small office in Johannesburg’s Parktown North. For the first few years, the founders juggled full-time jobs while working to get the startup off the ground.

September 17, 2024

Latest Funding

South African Buy Now, Pay Later Startup Happy Pay Secures $1.8M Pre-seed

Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.

September 17, 2024

SOUTHERN AFRICA

TymeBank Lands Additional $9.5M from African Rainbow Capital

The bank has surpassed 9.5 million customers, showcasing robust growth in its customer base.

September 16, 2024

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First-Time Founders Drive Nigeria’s Unicorn Boom

Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

August 6, 2026

Updates

Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

August 6, 2026

Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.

July 23, 2026

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