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    SOUTHERN AFRICA

    Lesaka Snaps Up Michael Jordaan’s Bank Zero for $61.4M to Take On TymeBank

    The purchase of Bank Zero is the latest move in Lesaka’s aggressive expansion.

    Can EVs Survive Blackouts? South Africa’s State Bank Puts $5.6M Behind One Startup’s Answer

    “This show of faith by the DBSA is not just financial — it is symbolic.”

    South African Fintech Startup Stitch Raises $55M in New Funding Round

    The funding follows Stitch’s recent expansion efforts, including the acquisition of payment provider Exipay earlier this year.

    TymeBank Deposits Surge to $385m as Digital Lender Builds on Unicorn Status

    The increase in deposits from R6.3bn ($347.11m) in June 2024 reflects the continued growth of the digital lender, which reached a milestone of 10.7m customers by the end of December.
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    Priced in Naira, Discounted by 20% — Can Nigerian Cloud Startups Hold Their Ground Against MTN’s $120M Bet?

    The question for Nigeria’s startups and corporates is no longer if they should go cloud-first.

    US Senate Waters Down 5% Remittance Tax in Big Win for African Fintechs

    For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.

    From P2P to Custodian: Inside Telda’s 180-Degree Pivot to Escape Egypt’s Fintech Bloodbath

    What’s kept the company afloat while others from its founding generation have faltered?

    After Five Years, Morocco’s Top Investor 212Founders Is Rewriting Its Playbook — Here’s Why & How

    The investor says it has backed over 135 startups, with 24 equity investments and has made two exits.

    Latest articles

    Priced in Naira, Discounted by 20% — Can Nigerian Cloud Startups Hold Their Ground Against MTN’s $120M Bet?

    The question for Nigeria’s startups and corporates is no longer if they should go cloud-first.

    US Senate Waters Down 5% Remittance Tax in Big Win for African Fintechs

    For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.

    Billionaire-Funded Program Offers $2m Equity-Free to African AI & Manufacturing Startups

    While Africa is home to nearly 18% of the world’s population, it contributes less than 2% of global manufacturing output.

    E3 Capital, Norfund Dominate Investor Activity as African Startups Raise Over $800M in Q2

    But beyond the funding volume, a deeper pattern is emerging.