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    A Directory of Active Investors in African Startups for Q3 2024

    In Q3 2024, African tech startups faced a significant setback, witnessing a roughly 40% decline in funding activity compared to the same period in 2023.
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    WESTERN AFRICA

    Health Issues Stall Continued Trial of Binance Exec Tigran Gambaryan in Nigeria

    A representative from the correctional facility admitted Gambaryan was 'very' sick and would not be produced in court.
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    Updates

    Inside Octavia Carbon’s Quest to Lead Africa’s Fight Against Climate Change with $3.9M Seed Round

    The investment’s primary objective is to increase Octavia’s carbon capture capacity from its current level of 50 tonnes annually to 1,500 tonnes per year by 2025.
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    Industry

    SA’s Earned Wage Access Fintech Paymenow Enters Pakistan with Shariah-Compliant Offering

    Currently, only 2.5% of Pakistan’s population has access to formal credit sources, creating a gap for financial solutions that can alleviate immediate financial pressures for workers.
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    Bank Zero Joins TymeBank and Discovery in South Africa’s Profitable Neobank Club

    Bank Zero hits monthly break-even with just 275,000 direct retail accounts, offering a playbook for capital-efficient fintechs.
    Industry

    Two Exits in Six Years: Dan Kleinbaum’s GTXN Acquired by Luno

    Deal gives the crypto exchange an owned settlement layer across developed–emerging market corridors - but proposed South African rules may restrict the very activity it enables.

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    Industry

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.
    Industry

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

    Latest articles

    Updates

    Bank Zero Joins TymeBank and Discovery in South Africa’s Profitable Neobank Club

    Bank Zero hits monthly break-even with just 275,000 direct retail accounts, offering a playbook for capital-efficient fintechs.
    Industry

    Two Exits in Six Years: Dan Kleinbaum’s GTXN Acquired by Luno

    Deal gives the crypto exchange an owned settlement layer across developed–emerging market corridors - but proposed South African rules may restrict the very activity it enables.
    Updates

    Paymob Scoops $35M as GCC Market Hits Nearly Half of Group Revenue

    Egyptian payments provider gains backing from Mubadala and EBRD as revenues triple across Middle East markets
    Updates

    Spiro Takes Total Debt From Africa Go Green Fund to $36M

    Additional $18m loan backed by Swedfund-capitalised fund will expand battery-swapping infrastructure across Uganda and Rwanda.

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

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