More
    HomeUpdates

    Updates

    Africa’s Universities Are Birthing Deeptech Startups. But Who Should Be CEO?

    A new wave of deeptech startups is emerging from African university labs, but turning complex science into a global business often requires more than just a brilliant academic at the helm.

    Jumia’s Pivot to First-Party Sales Pays Off as Brands Like Starlink and Adidas Fuel 47% Growth

    The African ecommerce company saw revenue jump 25% and says it's on track to hit breakeven by the end of 2026.

    Flood, a South African S-AaaS Startup, Raises $2.5m to Embed Ecommerce in Existing Apps

    The company helps telcos and banks in emerging markets turn their applications into digital marketplaces for offline merchants.

    SA’s TurnStay Raises $2m to Slash Africa’s Hidden Travel Payment Fees

    The round was led by the Africa-focused fintech fund First Circle Capital.
    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.