IT総合 TLcom Capital closes second fund at $154M to back early-stage startups across Africa
Venture capital activity in Africa has shown resilience over the past six months, with major firms backing startups on t...
Tage Kene-Okafor
IT総合 IT総合 Inside LemFi’s play to be fintech to the Global South diaspora
The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is...
IT総合 African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its...
IT総合 Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $1...
IT総合 Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of ...
IT総合 What African B2B e-commerce startups can learn from OmniRetail’s profitable run
Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over t...
IT総合 Nigeria’s Youverify raises $2.5M to enhance anti-money laundering compliance
Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups...
IT総合 Nigeria demands Binance disclose top users, executives remain detained
Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction hist...
IT総合 MDaaS raises $3M to improve healthcare access and expand network across Nigeria
MDaaS Global, a Nigerian health tech company that operates a network of tech-enabled diagnostic centers across the count...
IT総合 Binance to halt naira services amid ongoing regulatory probe in Nigeria
Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a...
IT総合 RemotePass, which helps companies onboard, manage, pay and retain remote workers, raises $5.5M
As remote work becomes increasingly prevalent, organizations globally are adapting, especially regarding onboarding proc...
IT総合 Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR
HR startup Deel said it is acquiring Africa's PaySpace in a deal that marks its largest acquisition to date.
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IT総合 Qatar reportedly has a $100M fund for startups
Qatar unveiled its startup investment program at the recent Web Summit through its development bank. The program aims to...
IT総合 COTU Ventures launches $54M fund for pre-seed and seed startups in MENA
Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugura...
IT総合 QIA to invest $1 billion in international and regional venture capital funds
The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and ...
IT総合 Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase
Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrict...
IT総合 Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed
In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily...
IT総合 Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say
FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led dig...
IT総合 Partech closes its second Africa fund at $300M+ to invest from seed to Series C
Partech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reach...
IT総合 Jumia reduces losses by over 90% amid focus on restoring order and GMV growth
In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100 million to $120 million in Q1; $90 million to $100...
IT総合 Arnergy, which provides solar power systems to homes and businesses in Nigeria, raises $3M
Arnergy, a Nigerian cleantech startup that deals in distributed renewable energy products and solutions, has raised $3 m...
IT総合 African product, global market: Expensya employees cashed out $10M from 2023 acquisition
What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper retur...
IT総合 Rally Cap VC, a fintech investor for emerging markets, spins out $5M climate fund
Last year, Amini, a Kenya-based climate tech startup using data from satellites to offer insights on crop health and tra...
IT総合 Techstars-backed Nigerian edtech Klas raises $1M for global scaling of online teaching platform
Nigerian online teaching platform Klas has raised $1 million in pre-seed funding led by Ingressive Capital, with partici...
IT総合 Despite glimmers of profit, most African neobanks remain in the red
It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for invest...
IT総合 DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA
DXwand, a Cairo- and Dubai-based startup that leverages conversational AI to help businesses in the Middle East automate...
IT総合 African neobank Kuda raised $20M at flat valuation last year, missed user milestone projection by 3M
Earlier this month, Kuda co-founder and CEO Babs Ogundeyi told users that the Nigerian online challenger bank had reache...
IT総合 YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed
Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive interna...
IT総合 Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenyan-based e-commerce player that operates in the East African cou...
IT総合 Backed by Schmidt Futures, Cloudline raises $6M to take aerial autonomy green and mainstream
South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of ca...