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    Venture Capital & Funding Sources

    Venture Capital & Funding Sources

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.
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    Ecosystem News

    AfricInvest Raises $10M from France’s Proparco to Support African Startups and SMEs

    “This investment is part of the Choose Africa initiative, which Proparco launched to support SMEs and startups across Africa,” said Jérémie Ceyrac, Proparco’s Investment Director.
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    Venture Capital & Funding Sources

    P1 Ventures, Two Others Secure $7.5M Backing from Egypt’s Fund of Funds

    The latest funding contributions are part of Egypt’s broader “Fund of Funds” initiative, which has ambitious plans to secure up to $1 billion in funding.
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    Venture Capital & Funding Sources

    The Top Small-Ticket VCs Backing Early-stage Tech Startups in Africa

    Investments in African tech startups go beyond supporting unicorns. There are hard-tilling VCs operating at the roots.
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    Lorax and Fawry Double Down on Egyptian Logistics Startup Mylerz With $2mn Top-Up

    The involvement of Fawry, Egypt’s dominant digital payments platform, also signals the growing convergence of payments and logistics in the country’s e-commerce ecosystem.
    Updates

    Morocco’s Fintechs Win Access to a Card Payments Market Long Controlled by Banks

    Rabat's regulators confirm the forced break-up of the bank-owned payments monopoly, opening merchant acquiring to a new generation of digital players and slashing transaction fees for small shops.

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    GoCab Recruits Former Anka CEO as Ivory Coast Head Months After Anka’s Collapse

    Tabouré takes operational role at vehicle-financing platform months after the collapse of his e-commerce venture
    Partner Content

    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval

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    Updates

    Lorax and Fawry Double Down on Egyptian Logistics Startup Mylerz With $2mn Top-Up

    The involvement of Fawry, Egypt’s dominant digital payments platform, also signals the growing convergence of payments and logistics in the country’s e-commerce ecosystem.
    Updates

    Morocco’s Fintechs Win Access to a Card Payments Market Long Controlled by Banks

    Rabat's regulators confirm the forced break-up of the bank-owned payments monopoly, opening merchant acquiring to a new generation of digital players and slashing transaction fees for small shops.
    Analysis & Opinions

    Is This the End of the Accelerator Era in African Tech?

    Deal data, donor retreats and a pivot to venture capital and debt are hollowing out the cohort-based accelerator model that once launched a generation of African startups.
    Partner Content

    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.

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