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    Ecosystem News

    AI-Powered Legaltech Startup Definely Grabs $7M with Zrosk Backing

    African investment firm Zrosk Investment has thrust legaltech startup Definely into the spotlight,...

    Lesaka Acquires South African Leading Payment Platform Adumo, Welcomes New Investors Apis and ARC

    Lesaka Technologies, Inc., a company registered in the state of Florida, USA, listed on...

    Accel Leads $4M Investment in Swypex, a Gamechanger for Egyptian Corporate Cards

    Swypex, a recently emerged Egyptian corporate cards startup still in beta, managed to secure...

    From Workflow Tech to Identity Leader: Nigeria’s Seamfix Secures $4.5 Million for Next Phase

    Seamfix, a 17-year-old Nigerian identity solutions leader, secured its first institutional investment of $4.5...
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    After 14 Years of Bootstrapping, Cybervergent Raises $3M Seed to Scale AI Compliance Platform

    The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.

    From Payments to Credit: Fawry’s Next Act Is Lending

    Egypt's dominant fintech nearly doubled its profits in 2025.

    Western Union and Cassava’s Sasai Target South Africa’s $1bn Outbound Remittance Market

    While the narrative around African remittances often focuses on inflows from Europe and the US, South Africa presents a lucrative inverse opportunity.

    SolarAfrica Buys Out Its Own Backer in $39m Secondary

    The CESA buyout comes as SolarAfrica is simultaneously executing a broader transition in its business model 

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    After 14 Years of Bootstrapping, Cybervergent Raises $3M Seed to Scale AI Compliance Platform

    The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.

    From Payments to Credit: Fawry’s Next Act Is Lending

    Egypt's dominant fintech nearly doubled its profits in 2025.

    FMO Backs Persistent’s Bid to Build Africa’s Climate Tech Pipeline

    The VB Facility will deliver pre- and post-investment support to startups operating in sectors including distributed solar, energy efficiency, electric mobility, agritech and circular economy solutions.

    From iROKOtv to Showmax: Is the ‘Netflix of Africa’ Dream Officially Dead?

    As Showmax begins its shutdown in the wake of a capital-intensive global streaming war, it joins a long list of well-funded, ambitious local platforms...