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    Ecosystem News

    Ecosystem News

    Jumia Raises $99.6M in New Offering as Currency Depreciation Hits Key Markets

    Jumia’s capital raise comes in the wake of its financial results for the first half of 2024, where the company reported $85.37 million in revenue — a slight increase from $85.28 million in the same period the previous year.
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    Ecosystem News

    FIDO Bags $10M Investment to Democratize Finance in Africa

    FIDO’s recent $10 million funding round follows its successful Series A raise of $30 million in 2022, which was led by Fortissimo Capital.
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    NORTHERN AFRICA

    Wattnow Taps into Lateral Frontiers Fund to Accelerate Global Expansion

    Wattnow has already made significant strides in the market, with its solution deployed on over 500 sites across three continents.
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    Ecosystem News

    Egypt and South Africa to the Rescue: dLocal’s ‘Africa Plan B’ Suddenly Looks Effective

    Africa remains a bright spot for the fintech giant...The region now makes up 23% of dLocal’s total gross profit, underscoring the continent’s growing importance to the company.
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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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