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    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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    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
    Updates

    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...

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    Industry

    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.
    Industry

    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

    Updates

    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
    Updates

    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...
    Updates

    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.
    Updates

    African Startup Deal Tracker — Newest Deals

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

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