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    Bolt’s South African Partner MyNextCar Secures $10M to Expand Low-Cost Fleet

    This expansion is poised to substantially increase the number of drivers able to earn an income through Bolt
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    South Africa’s Nile Raises $11.3m to Expand Agri-Tech Marketplace Across Southern Africa

    The funding round was led by the Cathay AfricInvest Innovation Fund, with participation from FMO, the Dutch entrepreneurial development bank.
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    Updates

    Salus Cloud Raises $3.7M to Tackle African DevOps ‘Blind Spot’

    “Startups shouldn’t be burning capital building infrastructure that’s not core to their mission.”
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    Updates

    Meet Ora, the Two-Year-Old Superapp Challenging Glovo in an Unlikely Battle in Morocco

    Even as a cohort of the brightest startup founders in Morocco were being shuttled between Rabat and Barcelona for an exclusive mentorship program, the image of their benefactor, delivery giant Glovo...
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    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.
    Updates

    Chinese Rules, OPay and a Halted New York Listing

    A Chinese regulatory inquiry halted the Nigerian fintech's $304m New York listing hours after pricing. The rules behind it, and the ownership structure it landed on, both emerge from the filings.

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    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.
    Industry

    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.

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    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.
    Updates

    Chinese Rules, OPay and a Halted New York Listing

    A Chinese regulatory inquiry halted the Nigerian fintech's $304m New York listing hours after pricing. The rules behind it, and the ownership structure it landed on, both emerge from the filings.
    Updates

    From Disruptors to Form-Fillers: Egypt’s Fintechs Face a New Agent Banking Reality

    Egypt's central bank has written a rulebook for banking agents. It lets banks send identity verification, account applications and card deliveries to places they have no branches. On a close reading, it allows little else.
    Updates

    Your Biggest Customer Is Also Your Biggest Risk

    Hayden Lamberti, a business coach at Grow, writes from Johannesburg, South Africa

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

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