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    Ecosystem News

    IFC Backs Lendable With $45M to Fuel Fintech Lending in Africa

    The new fund follows Lendable’s 2023 close of its first MSME Fintech Credit Fund at $110 million, exceeding its $100 million target.

    The Next Bangalore? Foreign Tech Firms Flock to Egypt’s Talent— But New Rules Now Apply

    “Egypt is the best place to launch operations in the region.”

    “No Evidence of Corruption”: Twiga Foods CEO Denies Allegations of Misconduct, But Key Questions Remain

    "The current leadership and Board have not seen any evidence of corruption or personal benefit linked to this lease."

    Kenya’s Twiga Foods Buys Up Three FMCG Distributors Amid Liquidation Allegations and Leadership Turmoil

    Twiga did not disclose the value of the transactions but emphasized that the acquired distributors would retain leadership roles in the newly consolidated operation.
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    Profitable Egyptian Fintech Blnk Raises $37.1m in Equity and Debt

    The Cairo-based fintech, which offers instant loans at merchant checkouts, plans to launch a credit card and expand its reach to women and unbanked Egyptians

    The Airtime Credit War: Nigeria Tangles with an Elusive FinTech Giant

    The dispute exposes a deeper structural ambiguity.

    South African Fintech Flagship Yoco Buys Restaurant Software Platform Dyner.ai

    The South African payments group is bolting on an AI-native operating system for restaurants, while a new European CEO prepares to take the helm.

    The Anti-VC Pivot: Wasoko Founder Launches $100M Fund to Back Migration and Manufacturing

    "Venture-scale returns are only possible in a small subset of business models."

    Latest articles

    Profitable Egyptian Fintech Blnk Raises $37.1m in Equity and Debt

    The Cairo-based fintech, which offers instant loans at merchant checkouts, plans to launch a credit card and expand its reach to women and unbanked Egyptians

    The Airtime Credit War: Nigeria Tangles with an Elusive FinTech Giant

    The dispute exposes a deeper structural ambiguity.

    African Startup Deal Tracker — Newest Deals

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

    3IF Ventures Hits $12m First Close for Africa’s First Dedicated Insurtech Fund

    The close signals institutional appetite for a corner of African fintech that has long been overshadowed by payments and lending.