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    Ecosystem News

    Egypt’s ValU Raises $22.3 Million in New Debt Financing

    ValU has revolutionized the financial services sector in Egypt by empowering millions of individuals through its buy now, pay later (BNPL) platform, U.

    Fintech Startup Rubyx Secures $1.6M to Help African Businesses Offer Automated Lending

    The Senegal-based fintech platform uses advanced algorithms to assess loan applications and automate the lending process.

    Now Defunct, Agritech Startup Gro Intelligence Has a Mountain of Court Cases to Climb

    For Sara Menker, who is now representing herself in court, these legal battles represent a stark contrast to the heights she once achieved as a leader of a tech unicorn.

    Ride-Hailing Company Bolt Caught in the Middle of a Fierce Nigeria-South Africa Digital Crossfire

    The online battle quickly descended into a “Bolt for Bolt” exchange, with users on both sides vowing to outdo the other.
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    Small Checks, Big Shift: What October’s Deal Flow Reveals About African Climate Tech

    With supply chains bottlenecked and venture equity thin, DFIs are stepping in with debt, working capital, and a new funding playbook.

    West Africa’s Unified Payments Network Is Off to a Rocky Start

    The BCEAO’s ambitious plan to mirror India’s UPI or Brazil’s Pix via its new PI-SPI platform has run headfirst into West Africa’s fragmented digital infrastructure on day one.

    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

    Small Checks, Big Shift: What October’s Deal Flow Reveals About African Climate Tech

    With supply chains bottlenecked and venture equity thin, DFIs are stepping in with debt, working capital, and a new funding playbook.

    West Africa’s Unified Payments Network Is Off to a Rocky Start

    The BCEAO’s ambitious plan to mirror India’s UPI or Brazil’s Pix via its new PI-SPI platform has run headfirst into West Africa’s fragmented digital infrastructure on day one.

    South Africa and Egypt Contest Africa’s AI Funding Crown

    South Africa leads on disclosed dollars, but Egypt’s broader pipeline and state-backed strategy suggest the contest is closer than headline figures imply

    Seventy-Two Hours: OPay CTO Held Zero Shares on Eve of Aborted $4bn US Listing

    Power of attorney filings and blank Form 3s trace the high-stakes final days before payment giant pulled its IPO.