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WESTERN AFRICA

Ex-Revolut and Sendwave Veterans Land $8M to Transform African B2B Payments with Waza

Investors were likely drawn to Waza’s rapid growth trajectory. Within five months, the company increased its monthly payment volumes from $280,000 to $70 million, translating to an annualized volume of $700 million.

August 19, 2024

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.

August 16, 2024

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.

August 16, 2024

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.

August 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

Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

August 5, 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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