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    Ecosystem News

    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.

    Egypt’s FlapKap Secures $34M Pre-Series A Funding to Scale SME Financing Across MENA

    FlapKap’s goal is to scale its impact across the MENA region, providing essential capital to SMEs that often face barriers in accessing traditional financing.

    Goodwell Investments Eyes Exit from Nigeria’s Paga After 13 Years

    Paga was one of the first in Nigeria to offer a mobile wallet solution at scale, allowing independent agents to help users deposit and withdraw money via their phones.

    Beyond Capital Targets Debt Funding for African Portfolio Startups Under New Fund

    Beyond Capital Ventures has been increasingly active in Africa, where it sees immense growth potential in sectors like healthcare and renewable energy.
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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.

    Hassanein Hiridjee’s Outsized Stake Reshapes Power at Jumia Technologies

    Whether this influence evolves into a full takeover remains uncertain.

    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.

    Latest articles

    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.

    Hassanein Hiridjee’s Outsized Stake Reshapes Power at Jumia Technologies

    Whether this influence evolves into a full takeover remains uncertain.

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

    The latest round comprises a mix of equity and debt.

    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.