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    Egypt’s SETTLE Raises $2M to Automate B2B Payments and Collections

    Founded in 2023 by Mostafa Mubarak and Camille Sayour, SETTLE aims to fill a long-standing gap in Egypt’s digital economy by focusing on B2B financial operations.
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    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.
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    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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    Acumen’s ARAF Fund Raises $90m to Take Its Climate-resilience Playbook to North Africa

    "Climate change is a fact of life, and climate resilience for farmers is the difference between a good season and the risk of losing everything."
    Updates

    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.

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    From Pilot to Profit: Kenya’s Jackfruit Finance Takes Its School Lending Model Across East Africa

    The move to a revenue-sharing arrangement marks a transition away from subsidised pilot funding.
    Partner Content

    Koko Networks Puts Ethanol Platform on the Block in $15m Asset Sale

    The sale is being targeted at corporate and institutional participants with demonstrated financial capacity to conclude a transaction exceeding $15m.

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    Updates

    Acumen’s ARAF Fund Raises $90m to Take Its Climate-resilience Playbook to North Africa

    "Climate change is a fact of life, and climate resilience for farmers is the difference between a good season and the risk of losing everything."
    Updates

    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.
    Updates

    Karooooo’s Delivery Arm Rides Quick-Commerce Wave as Fleet-Tracking Core Matures

    South African vehicle-tracking group Karooooo is quietly building a second growth engine in the...
    Ecosystem News

    Uber to Acquire Glovo and Talabat’s African Operations Under Delivery Hero’s $16.9bn Takeover

    Transaction will give US ride-hailing and delivery group a foothold in fast-growing markets including Egypt, Kenya and Nigeria.

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