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    WESTERN AFRICA

    Nigeria’s Field Intelligence Lands $11M to Digitally Power, Network and Finance Healthcare Systems

    The new maternal health initiative builds on Field’s broader capabilities. Since its inception in 2015, the company has facilitated over 800 million health interventions across more than 60 therapeutic areas.
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    NORTHERN AFRICA

    Egypt’s Paymob Raises $72M in Series B to Further Diversify Products and Expand Across MENA

    Paymob’s growth trajectory has been impressive, with the company now supporting over 350,000 merchants, a dramatic increase from just over 100,000 in 2022.
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    Venture Capital & Funding Sources

    Launch Africa Unveils Hybrid Debt-Equity Fund to Close Africa’s $400bn Growth Capital Gap

    Over the past three years, Launch Africa Ventures has emerged as a dominant player in Africa’s venture capital ecosystem, investing in more than 150 technology companies across 23 African countries.
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    Venture Capital & Funding Sources

    First Circle Africa Fund I Lands New Investor, Targets Fintech Startups

    First Circle Capital’s investment strategy is designed to go beyond payments, an area that has historically dominated fintech funding in Africa.
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    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    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.

    Sponsored Posts

    Partner Content

    Zero Fees vs. High Inflation: Why Cisco Is Doubling Down on Affinity Africa’s ‘Freemium’ Math

    When Affinity received its Savings and Loans license in 2022, it was the first such permit granted in over a decade.
    Partner Content

    Africa’s Growth Problem Isn’t Capital. It’s Leadership Without Collaboration

    Africa’s future won’t be determined by how much money arrives. Ray Langa, Group CEO of Leagas Delaney, writes from Cape Town

    Latest articles

    Updates

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    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.
    Corporate Governance Forum

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.
    Ecosystem News

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.

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