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    Ecosystem News

    Ecosystem News

    IFC’s New $20M Loan Extension to SA Digital Lender Lulalend Targets Women-Led SMEs

    This loan agreement follows Lulalend’s $35 million Series-B funding round earlier last year, which the company described as “transformational” for its operations.
    Read more
    Ecosystem News

    Xero Acquires Bootstrapped South African SaaS Startup Syft Analytics in $70 Million Deal

    Syft Analytics began its journey from a small office in Johannesburg’s Parktown North. For the first few years, the founders juggled full-time jobs while working to get the startup off the ground.
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    Latest Funding

    South African Buy Now, Pay Later Startup Happy Pay Secures $1.8M Pre-seed

    Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.
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    SOUTHERN AFRICA

    TymeBank Lands Additional $9.5M from African Rainbow Capital

    The bank has surpassed 9.5 million customers, showcasing robust growth in its customer base.
    Read more
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    Madica Backs AI-First African Startups as It Refines Its Pre-Seed Playbook

    The Flourish Ventures-affiliated programme is standardising its "ticket-plus-support" mode.
    Ecosystem News

    Hassanein Hiridjee’s Outsized Stake Reshapes Power at Jumia Technologies

    Whether this influence evolves into a full takeover remains uncertain.

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    SafeBoda Pivots to Corporate Clients as Kampala’s Regulatory Crackdown Threatens Its Ride-Hailing Core

    This latest pivot suggests the company may be approaching the limits of its ability to absorb sustained regulatory pressure.
    Partner Content

    Apis Logs $1B in Gains as iKhokha and Baobab Deals Heat Up African Fintech 

    "We engage with buyers before we invest."

    Latest articles

    Updates

    Madica Backs AI-First African Startups as It Refines Its Pre-Seed Playbook

    The Flourish Ventures-affiliated programme is standardising its "ticket-plus-support" mode.
    Ecosystem News

    Hassanein Hiridjee’s Outsized Stake Reshapes Power at Jumia Technologies

    Whether this influence evolves into a full takeover remains uncertain.
    Updates

    Egyptian Fintech Lucky Hits Profitability, Raises $23m Series B for North African Expansion

    The latest round comprises a mix of equity and debt.
    Ecosystem News

    Endeavor SA Closes $13.6M Co-Investment Fund to Target the Late-Stage Liquidity Gap

    The final close arrives 18 months after the fund announced its first close.

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