More
    HomeEcosystem News

    Ecosystem News

    SA’s Scale Raises $700K Pre-Seed to Enable African Fintechs Launch and Manage Card Payments

    The $700,000 in pre-seed funding will allow Scale to accelerate its market entry into three African nations, where the company aims to enable fintechs and other businesses to offer payment solutions that are otherwise challenging to deploy.

    Adumo Shareholders to Receive $12M in Cash Post-Exit as Lesaka Completes Acquisition

    Lesaka’s acquisition of Adumo was valued at approximately ZAR 1.67 billion ($96.2 million).

    South Africa Backs Early-Stage Startups with $17M State-Led Seed Fund

    The fund aims to deploy capital to at least 50 early-stage start-ups over its investment period, with a specific focus on technology and innovation.

    Winich Farms Raises $3 Million to Scale Operations and Technology Amid Nigeria’s Agritech Boom

    This marks the second major funding round for Winich Farms, founded in 2020 by brothers Riches and Winner Attai and co-founder Chichebem Jibunoh
    spot_img

    Keep exploring

    BII Backs Okra Solar with $7m Debt Facility to Scale Mesh-Grids in Nigeria

    British development finance institution bets that a lighter, decentralised alternative to mini-grids can help close one of the world's largest electricity access gaps - but the model's commercial viability still hinges on procurement and policy execution.

    LemFi Turns Pillar Acquisition into £100m Capital Markets Bet

    Sixteen months after acquiring credit fintech Pillar, the FT-backed startup is swapping equity for debt markets to fund its £100m lending ambitious.

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Latest articles

    BII Backs Okra Solar with $7m Debt Facility to Scale Mesh-Grids in Nigeria

    British development finance institution bets that a lighter, decentralised alternative to mini-grids can help close one of the world's largest electricity access gaps - but the model's commercial viability still hinges on procurement and policy execution.

    LemFi Turns Pillar Acquisition into £100m Capital Markets Bet

    Sixteen months after acquiring credit fintech Pillar, the FT-backed startup is swapping equity for debt markets to fund its £100m lending ambitious.

    African Frontier Capital’s $125M Platform Tests a Faster Route to Debt for African E-Mobility

    Multi-originator warehouse facility backed by IFC, Norfund, AfDB and SEDF aims to extend asset-backed finance beyond pay-as-you-go solar into electric vehicles and productive equipment.

    Arson and License Revocations: UK-Backed Climate Startup nextProtein Faces Total Ruin in Tunisia

    A fatal road accident, local outcry over odours, and a burnt-out facility: Inside the regulatory and social crisis tearing apart one of North Africa’s premier green tech darlings, just months after it secured €18m with backing from British International Investment.