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Acquah Nana Yeboah

South African crypto platform, Luno crosses 10million users

South African crypto platform, Luno crosses 10million users

South African Crypto platform, Luno announced on Wednesday that it has onboarded 10 million users across 40 countries into its platform. Founded by Marcus Swanepoel and Timothy Stranex in 2013, Luno said it has enabled over $52 billion worth of crypto transactions, and its customers have stored in excess of

Egypt based Healthtech startup, Rology Closes Pre-Series A Round

Egypt based Healthtech startup, Rology Closes Pre-Series A Round

Egypt-based healthtech startup, Rology has raised an undisclosed pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria Ventures, alongside previous investors including HIM Angels, AAIC, DAI, and Cubit Ventures. Founded in 2017 by Amr AboDraiaa, Mahmoud Eldefrawy, Moaaz Hossam, and Bassam Khallaf, Rology is an on-demand teleradiology

Nigerian fintech startup, Lemonade Finance expands to 7 more markets

Nigerian fintech startup, Lemonade Finance expands to 7 more markets

Nigerian fintech startup, Lemonade Finance, has announced it is expanding its services to seven new markets, namely Senegal, Ivory Coast, Benin, Cameroon, Tanzania, Rwanda, and Uganda. Founded in 2020 by Ridwan Olalere and Rian Cochran and a participant in Y Combinator’s W21 batch last year, Lemonade Finance allows Africans

Nigeria's Apex Bank approves MFS Africa's acquisition of Capricorn Digital Limited

Nigeria's Apex Bank approves MFS Africa's acquisition of Capricorn Digital Limited

MFS Africa, a pan African digital payments platform, has completed its acquisition of Nigerian super-agent Capricorn Digital Limited (owners of Baxi) following approval of the transaction by the Central Bank of Nigeria. According to Dare Okoudjou, Founder and CEO, MFS Africa, “this deal is a pivotal step in our journey.

CredPal secures $15m in debt and equity funding, to expand its BNPL product across Africa

CredPal secures $15m in debt and equity funding, to expand its BNPL product across Africa

CredPal, a Nigeria based startup that offers Buy Now Pay Later service, has announced it raised $15 million in equity and debt in a recent bridge funding round to scale its consumer credit offerings across Africa. The debt was provided by a few unnamed financial institutions while the equity was

Why sending remittances to Africa is very expensive

Why sending remittances to Africa is very expensive

MainOne expands Fiber Infrastructure to the Lagos Free Zone

MainOne expands Fiber Infrastructure to the Lagos Free Zone

West Africa’s leading connectivity and data centre solutions provider, MainOne, has announced the expansion of its fiber-optic network infrastructure to the Lagos Free Zone in Lekki. Being the first private free Zone in Nigeria, the Lagos Free Zone aims to be the preferred investment hub in Nigeria with best-in-class

Nigeria’s Kwik closes $2M Series A funding, to add financial services to its last-mile delivery offerings

Nigeria’s Kwik closes $2M Series A funding, to add financial services to its last-mile delivery offerings

Nigeria and French-based startup, Kwik, has announced the close of its $2million Series A funding round, led by XBTO Ventures, a crypto finance company with a VC arm that invests in digital assets, among other types of startups. New and existing investors such as Humla Ventures, Nabuboto, Ubisoft CEO Yves

ThriveAgric raises $56.4m debt funding to boost pan-African expansion

ThriveAgric raises $56.4m debt funding to boost pan-African expansion

ThriveAgric, an agriculture investment platform, has announced a $56.4M debt financing from local commercial banks and institutional investors to accelerate its pan-African expansion plans. The company said the raise includes a co-investment grant of $1.75M from the USAID-funded West Africa Trade & Investment. The new investment will enable

Microsoft launches first $100 million African Development Centre in Lagos

Microsoft launches first $100 million African Development Centre in Lagos

Tech giant Microsoft has launched its much anticipated African Development Centre (ADC) in Lagos, Nigeria. The center, a $100 million investment by the multi-billion dollar firm, is expected to produce software engineering solutions provided to Africa. The hub, which Microsoft created alongside the one in Nairobi, Kenya, will be the

Meet the 15 startups selected for Google Startups Accelerator Africa Class 7

Google has announced the selection of 15 tech startups from Nigeria and six other countries to participate in its Accelerator Africa program, with Cote D’Ivoire being welcomed to participate for the first time. In a statement, Folarin Aiyegbusi, Google’s Head, Startup Ecosystem, Africa, noted that the selected companies

Dream VC launches two fellowship programs to democratize knowledge and access to the Venture Capital Space in Africa

Dream VC launches two fellowship programs to democratize knowledge and access to the Venture Capital Space in Africa

Dream VC, an investor accelerator and community-driven educational platform has launched two fellowship programs – Launch into Venture Capital (LIVC) and Investor Accelerator – to train more than 50 future investors in Africa. Founded by Cindy Ai and Mark Kleyner in 2021, Dream VC provides rigorous remote programs centred specifically around venture

Paga announces official launch in Ethiopia following regulatory approval

Paga announces official launch in Ethiopia following regulatory approval

Leading African fintech company, Paga, has announced its official launch in Ethiopia following the receipt of regulatory approval by the National Bank of Ethiopia. In a statement, Paga explained that the launch was in partnership with the Bank of Abyssinia, a leading lender in the Horn of Africa country. Paga

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Cadana, a salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company. Cadana helps businesses delight their employees by providing modern payroll platforms that allow employees access to their earned salary on-demand, anytime, anywhere. Following this partnership, Flutterwave processes payments

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Pan African fintech startup, Flutterwave has announced that it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest valued African startup with this investment.

South African API fintech startup, Stitch, closes $21m Series A funding round

South African API fintech startup, Stitch, closes $21m Series A funding round

African API fintech startup, Stitch, has announced the close of a $21 million Series A funding round to enhance its product offering and expand across Africa. This comes after the South African startup emerged from stealth with a $4 million raise early last year and a further $2 million seed

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian fintech giant, Fawry, has announced Thursday its plan to raise EGP 800 million (~$50.9 million) in growth capital through a rights issue to existing shareholders. In a statement, the company said the proceeds will be used to finance its growth in financial services for both consumers and merchants.

Finclusion closes $20M Pre-Series A funding to build out credit-led neobank offering across Africa

Finclusion closes $20M Pre-Series A funding to build out credit-led neobank offering across Africa

Finclusion Group, a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. Investors in the round include Andela and Flutterwave co-founder Iyinoluwa Aboyeji (who invested via his VC firm Future

Ghanaian fintech startup, Float, raises $17 Million to boost cash flow for commerce in Africa

Ghanaian fintech startup, Float, raises $17 Million to boost cash flow for commerce in Africa

There are at least 44 million formal SMBs in Africa. 71% of them require more finance to grow their businesses than they can currently access. However, obtaining credit isn’t easy and for most, it’s impossible as traditional banks prefer to focus on large corporations. To solve this problem,

Fintech Farm secures $7.4M investment, set to launch in Nigeria and other emerging markets

Fintech Farm secures $7.4M investment, set to launch in Nigeria and other emerging markets

Fintech Farm, a British fintech company that creates neobanks in emerging markets, has raised a $7.4M investment to launch neobanks in 8 countries during the next two years. The round was led by Flyer One Ventures and Solid, while Jiji, TA Ventures, u.ventures, and AVentures Capital also participated.

Nigeria’s SeamlessHR closes $10m Series A round led by TLcom Capital

Nigeria’s SeamlessHR closes $10m Series A round led by TLcom Capital

SeamlessHR, a Nigerian startup that offers payroll and HR software-as-a-service (SaaS) solutions, has raised a $10 million Series A round led by TLcom Capital. Existing investors such as Lateral Capital and Enza Capital also took part in the round. Other investors include Capria, Ingressive Capital, and several strategic private investors.

8 African startups pitch at Techstars Toronto Demo Day

8 African startups pitch at Techstars Toronto Demo Day

Last year, two African startups Plentywaka (now Treepz) and TalentQL made it into the Techstars Toronto Accelerator program, alongside 8 other startups. Since then, these two startups have recorded significant growth and traction. With Treepz raising $2.8 million in seed funding and expanding to Ghana and Uganda. On the

SA Proptech and digitalisation company, e4 expands to UK

SA Proptech and digitalisation company, e4 expands to UK

South African property tech and digital solutions provider, e4 has announced its expansion into European markets, making the UK its international go-to-market. In a statement, the company says long-standing executive director Simon Slater has relocated to the UK to head up the venture. Slater’s focus, it notes, will be

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

A Kenya-based technology firm that helps small-scale farmers increase their profitability, Apollo Agriculture, has agreed to take up a US$9.5 million loan from the US government-backed International Development Finance Corporation (DFC) for up to ten years. The DFC said the 10-year loan would assist to improve Kenya’s

Nigerian edtech startup, Teesas, raises $1.6M pre-seed to expand across Africa

Nigerian edtech startup, Teesas, raises $1.6M pre-seed to expand across Africa

Teesas, a Nigerian Edtech startup has raised $1.6 million in a pre-seed funding round to expand its operations into new markets and also launch a marketplace that will connect learners with tutors for private lessons. The investment round was led by Haresh Aswani, Tolaram Group’s Africa managing director,