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    Estonian Tech Event Offers $1.2 Million Boost to African Startups: Applications Open

    “Since winning the competition, we have hit 200,000 registered users in Kenya and are now expanding our solution into Rwanda,” shared Samuel Njuguna, CEO and co-founder of Chumz.io.
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    Deloitte Taps Egyptian Tech Talent with $30M Hub

    It aims to employ and develop thousands of Egyptian specialists, with a target to increase its current workforce of 350 to 5,000 in the coming years.
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    Senegal’s Kopar Express Targets $2.8 Billion Remittance Market with New Government-Backed Neobank 

    With remittances playing a vital role in the Senegalese economy, contributing approximately 9.8% to the nation’s GDP in 2022, the neobank presents an opportunity for the government to capture a larger share of transaction fees currently paid to foreign intermediaries.
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    Why Is India’s Zoho Pouring $35M into Egyptian Fintech Giant Fawry?

    “Egypt’s vibrant market, with its rich talent pool and innovative business ideas, offers tremendous potential for companies like ours,” said Haidar Nizam, Zoho’s President for the Middle East and Africa.
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    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.
    Analysis & Opinions

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

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    From Profitability to $10M ARR: How Prembly Cracked Africa’s Identity Infrastructure

    "We’re processing around seven million unique verifications per month, up from 4.7 million."
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    Fintech Unicorn dLocal Bets on the Middle East as Africa’s Turbulence Refuses to Settle

    This reversal of fortune is stark.

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    Updates

    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.
    Analysis & Opinions

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.
    Updates

    NALA Secures up to $50M Credit Facility From MUFG-Backed Liquidity to Pre-Fund Stablecoin Payment Corridors

    "At some point our business was more than doubling every other quarter, we grew faster than we could handle pre-funding for single-direction payments and everything broke."
    Partner Content

    South African Fintech Flagship Yoco Buys Restaurant Software Platform Dyner.ai

    The South African payments group is bolting on an AI-native operating system for restaurants, while a new European CEO prepares to take the helm.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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