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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.

    $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.

    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.

    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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    Madica Secures $6M from Flourish Ventures to Extend African Pre-Seed Investment Pilot

    Three-year track record drives extended investment cycle targeting 25–30 additional African startups

    WhatsApp Brokers and 12-Month Liquidations: Meet the Startup Trying to Fix Egypt’s Small-Business Exit Crisis

    CompanyExit and AppExit launch anonymous, self-serve marketplaces for small companies and digital assets, testing whether Egypt’s long tail of business owners can be brought into a formal sales process that has so far eluded them. Egypt’s startup ecosystem has spent the past five years building...

    Two Exits in Six Years: Dan Kleinbaum’s GTXN Acquired by Luno

    Deal gives the crypto exchange an owned settlement layer across developed–emerging market corridors - but proposed South African rules may restrict the very activity it enables.

    Cairo’s BPO Ecosystem Opens a New Front for Transatlantic Dealmaking

    While greenfield setups remain the main vehicle for corporate expansion in Egypt's tech export sector, cross-border M&A is emerging as an alternative for North American buyers seeking rapid scale.

    Latest articles

    Madica Secures $6M from Flourish Ventures to Extend African Pre-Seed Investment Pilot

    Three-year track record drives extended investment cycle targeting 25–30 additional African startups

    WhatsApp Brokers and 12-Month Liquidations: Meet the Startup Trying to Fix Egypt’s Small-Business Exit Crisis

    CompanyExit and AppExit launch anonymous, self-serve marketplaces for small companies and digital assets, testing...

    Ghanaian Agritech Vitara Bags $2M From EU-Backed AgriFI and Acumen to Digitise Shea Supply Chain

    European Union-backed AgriFI and Acumen back Accra-based B-Corp aiming to reach one million farmers by 2030, betting that traceability can lift incomes for women producers in the north.

    African Startup Deal Tracker — Newest Deals

    Here's a closer look at the notable under-the-radar investment activity we're tracking this month...