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    Ecosystem News

    Ecosystem News

    Digital Freight Startup MVX Shutters Amid Nigeria’s Worsening Currency Crisis

    The company raised $1.3 million in seed funding in 2021 from investors.
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    EASTERN AFRICA

    Ethiopia Picks Nigeria’s Kuramo Capital to Lead $100M Fund Targeting Startups

    Kuramo Capital will serve as the general partner, overseeing the fund’s establishment and mobilizing capital to achieve a first close by 2025.
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    Ecosystem News

    Prolific Nigerian Tech Investor Spins Out JADA, to Train AI Talent for the Global Market

    JADA's latest funding represents an important step for the startup, but it is also part of a broader strategy to establish Africa as a hub for AI expertise.
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    Venture Capital & Funding Sources

    LeapFrog Raises $1.15B to Scale Healthcare, Finance, and Climate Solutions in Africa

    LeapFrog has a strong history of investing in Africa, with past investments in companies such as JUMO and Interswitch.
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    Updates

    Stablecoins and Data-Driven Lending: What African Tech Investors Backed in July

    Foreign investors accounted for about 70 per cent of all investor participations in July.
    Partner Content

    SA Repeat Founders Process Over $60m in Six Months With Stablecoin Safari Startup

    Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.

    Sponsored Posts

    Partner Content

    Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

    Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.
    Partner Content

    1M Users in 8 Years, 9M in 6: The Smartphone Pivot Driving M-KOPA’s Hypergrowth

    The group now signs up about 10,000 new customers daily.

    Latest articles

    Updates

    Stablecoins and Data-Driven Lending: What African Tech Investors Backed in July

    Foreign investors accounted for about 70 per cent of all investor participations in July.
    Partner Content

    SA Repeat Founders Process Over $60m in Six Months With Stablecoin Safari Startup

    Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.
    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.
    Updates

    Ghost Workers, a BMW X5, and $700K Missing: The Insider Fraud Rocking Francophone Africa’s HR Darling

    Socium, founded in 2021 by Samba Lo and Serigne Seye, provides payroll, recruitment and workforce management software to businesses across 21 Francophone African countries.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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