More
    HomeUpdates

    Updates

    After Major Failures Across Africa, Investors Look for a New Breed of Foreign Startup Founders

    From recent funding rounds, three categories of seemingly “acceptable” foreign founders stand out.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

    Munify Lands $3M Seed to Build New Rails for Egypt’s $30bn Remittance ‘beast’

    The startup is headquartered with an international outlook, serving Egyptian expatriates across the U.S., Europe, and the Gulf, while also targeting business .

    Kenya’s Poa Internet Lands $4m to Bridge Urban Digital Divide

    Founded in 2015, Poa Internet has carved out a niche by specifically targeting low and middle-income neighbourhoods often overlooked by larger telcos like Safaricom and Zuku.
    spot_img

    Keep exploring

    Zipline Doubles Down on US Expansion With $1.5bn Raise Ring-Fenced for American Network

    Drone delivery group's valuation nearly triples to $21.5bn as Walmart commits to 300 new sites, but capital is explicitly earmarked for US build-out while African operations rely on separate government-backed financing.

    Why This Ex-Lantmäteriet Developer Is Building a SaaS Layer for African Property

    James Muricho says he began building a land information system in 2004 and has funded it alone since. Twenty-two years later, the Kenyan entrepreneur, who lives in Gävle in Sweden, is turning it into a service for people who buy land in Kenya, where...

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Latest articles

    Zipline Doubles Down on US Expansion With $1.5bn Raise Ring-Fenced for American Network

    Drone delivery group's valuation nearly triples to $21.5bn as Walmart commits to 300 new sites, but capital is explicitly earmarked for US build-out while African operations rely on separate government-backed financing.

    Why This Ex-Lantmäteriet Developer Is Building a SaaS Layer for African Property

    James Muricho says he began building a land information system in 2004 and has...

    Nigeria’s New Stablecoin Rules: $11M, a Local Office, and a Prayer for Startups Without Bank Balance Sheets

    Central bank’s 200-page rulebook trades prohibition for licensing — and sets the bar high enough to make bankers of crypto founders.

    Yellow Card Acquires Brazil’s GoMoney to Secure Direct LatAm Foothold

    The acquisition of GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. converts Yellow Card’s Brazilian presence from a purely cross-border proposition into a locally regulated operation.