In a blog post released on their Medium platform, Nigerian fintech startup, Piggyvest has announced its acquisition of a smaller competitor, Savi.ng. Prior to this acquisition, Savi.ng was a wealth management app that helps users save money using diverse features such as automated savings, fixed deposits, joint savings

Autochek, the automotive technology company facilitating auto financing across Africa, has announced a partnership with Appzone Group, the continent’s leading FinTech organization, to provide Nigerians with quick and flexible access to car financing. The partnership will see the Autochek platform integrating with Appzone’s proprietary digital core banking service,

Julaya, an African fintech startup with offices in Ivory Coast and France has secured US$2 million in a pre-Series A round to grow and expand its product in West Africa. The startup had previously raised $250,000 in 2018 and US$550,000 in 2019/2020. It has now

South Africa based insurtech startup, Pineapple has recently announced the raise of a $3.4 million Series A round to expand its footprints in the car insurance space. Participants in this round include Lireas Holdings, the ASISA Enterprise and Supplier Development Fund, E4E Africa, Vunani Capital, and Old Mutual’s

Cairo-based grocery delivery startup, GoodsMart, has raised $3.6M in a round led by Sawari Ventures, to accelerate market expansion. GoodsMart will be using the investment to further accelerate its expansion across the market and to expand its team. GoodsMart is now covering West Cairo and will be expanding in

Omnisient’s recent recognition by the World Marketing Congress proves yet again that the African continent is producing some astonishing scale-ups and entrepreneurs, along with innovative solutions to complex challenges. On 15 July, Omnisient was awarded the prestigious South African Best Brands citation at the CMO Asia Brand Leadership Awards

Yoco, a South African payments, and software startup have announced the raise of $83 million in a Series C funding round to accelerate the development of its platform and expand internationally. One of the major backers in the round includes Dragoneer Investment Group, making its Africa investment debut. The fund

PayQin, a cross-border payment startup that operates a comprehensive e-wallet service for the underbanked in West Africa, is announcing a new €300K seed investment round that takes the company’s funding up to $1 million. The startup has a tall ambition to reach one one million daily transactions in a

The Cairo-based prop-tech startup, Nawy, announced the raise of an oversubscribed seven-figure Seed round led by the Sawiris family office. Other participants in the investment round include notable angels, including Hatem Dowidar (renowned telecom leader and angel investor). Founded in 2016 under the brand name “Cooing” by Mohamed Abou Ghanima,

54gene, the health technology company centered on advancing the field of African genomics to unlock scientific discoveries as well as improve diagnostic and treatment outcomes within Africa and the global community, is creating a trust which it will use to invest up to 5% of future proceeds from the company’

Dashen Bank, a leading financial institution in Ethiopia has partnered with Thunes, a Singapore-based global payments network, to facilitate the faster and cheaper remittance of money into Ethiopia from around the world. Through this partnership, customers and businesses in Ethiopia will be able to receive funds straight into their bank

Cellulant Corporation, a leading payment company in Africa has secured the approval of the Bank of Tanzania (BOT) to operate as a Payment Solution Provider in Tanzania. This approval was granted in principle after the telecom operator fulfilled all the requirements necessary for the approval. This approval makes Cellulant one

South Africa-based VC firm Vantage Capital has launched its fourth mezzanine fund. This fund will provide mid-sized African businesses with flexible capital that will enhance job creation and facilitate much-needed economic opportunities and growth. Founded in 2001, Vantage Capital is regarded as Africa’s largest mezzanine fund manager with offices