IT総合 Pan-African contrarian investor P1 Ventures reaches $25M first close for its second fund
P1 Ventures has reached the first close of its second fund at $25 million. It expects to reach a final close early next ...
Tage Kene-Okafor
IT総合 IT総合 7 global investors discuss African tech post-Kauffman Fellows’ first summit on the continent
In 2020, Kauffman Fellows (KF), a prominent venture education program renowned for its extensive and well-established ne...
IT総合 Ghana’s Complete Farmer, which connects farmers to global food buyers, raises $10.4M
Africa’s agricultural sector has a significant social and economic impact, per McKinsey. The percentage of smallholder f...
IT総合 IFC leads $5M extension round in Ivorian SaaS e-commerce platform ANKA
ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million. The pre-Series A extension roun...
IT総合 Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution
Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 m...
IT総合 Base Ecosystem Fund, Hashed Emergent invest $1.9M in Nestcoin to scale its Onboard product
Nestcoin, a development company housing modern finance project Onboard, has secured $1.9 million in a strategic funding ...
IT総合 LocalGlobe and Pronomos Capital back Itana to pave the way for Africa’s first digital free zone
In early 2022, ex-Andela and Flutterwave co-founder Iyinoluwa Aboyeji, in an interview with TechCrunch, discussed a moon...
IT総合 Nigerian embedded finance platform Anchor raises $2.4M to expand product offerings
Anchor, a Nigerian banking-as-a-service (BaaS) provider, has raised $2.4 million in seed investment. Justin Kan’s Goat C...
IT総合 Founders Factory Africa to deploy $114M using learnings from past programs
This week, South African early-stage accelerator and investor Founders Factory Africa (FFA) raised $114 million. The fir...
IT総合 Jumia expects losses not to exceed $100M this year, per Q3 financials
In the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years. Its adjusted EBITDA and o...
IT総合 Mastercard to purchase a minority stake in MTN’s $5.2B fintech business
Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cellphone prov...
IT総合 Moove takes in $76M equity, debt from Mubadala and BlackRock at a $550M valuation
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and ot...
IT総合 Kenyan logistics startup Sendy shuts down, embarks on asset sale
Sendy, a Kenyan logistics scale-up that enabled retailers to purchase FMCGs directly from manufacturers, among other ser...
IT総合 Emtech to advance its regtech and CBDC stack solutions with $4M led by Matrix Partners India
Emtech, an African provider of central banking infrastructure, introduced its Central Bank Digital Currency (CBDC) Innov...
IT総合 Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up
Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 6...
IT総合 Terragon’s $9M raise gives credence to the market maturity in Africa’s cloud and martech space
As one of the well-known data and cloud martech companies in Africa, Terragon, via several products, gives its clients (...
IT総合 African governments are collaborating with innovators to strengthen local health supply chains
Last year, global healthcare consulting firm Salient Advisory surveyed more than 80 companies across four African countr...
IT総合 Kasha raises $21M Series B led by Knife Capital to expand health access platform across Africa
As Africa’s youthful population continues to grow exponentially, it’s of the utmost importance that entrepreneurs create...
IT総合 Nigeria’s MyCover.ai to scale its open insurance API platform with new funding
Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reach...
IT総合 Lee Fixel’s Addition leads $6M seed round in Egyptian fintech Flash
Driving financial inclusion through digital payment methods is among the top priorities for the governments of Africa’s ...
IT総合 HR tech startup Propel wants to power the open talent economy via tech communities
Besides the billions of dollars from local and foreign investors, a strong factor behind Africa’s growing tech ecosystem...
IT総合 Lightspeed makes first investment in Africa, backing Ghana’s Berry Health
Sexual and mental health stigmatization in Africa has evolved over several decades to a point where negligence to addres...
IT総合 YC-backed Eze raises new capital for its secondhand electronics marketplace
Eze, a B2B marketplace that connects global electronic wholesalers allowing them to trade devices in large quantities wi...
IT総合 Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment
Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of To...
IT総合 An investor, an operator, and their plan to upskill Africa’s workforce
One out of three tech jobs globally are filled by necessary skilled labor, and according to the World Economic Forum (WE...
IT総合 Nigeria’s Termii to launch mobile app and scale customer engagement business with new funding
Nigerian communications platform-as-a-service startup Termii has raised $3.65 million in new financing, bringing its tot...
IT総合 Nigeria’s Haul247 raises funding to scale its logistics platform
Haul247, a Nigerian end-to-end logistics platform connecting businesses to haulage and warehousing assets, has raised a ...
IT総合 Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki
Helium Health, the African startup that provides software-as-a-service tools, financing, and insights for healthcare pro...
IT総合 Jumia reaches lowest losses in four years under new management
Q1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the blueprint of previo...
IT総合 EBANX: We will be operating in 11 African countries by the end of the year
For all the talk about emerging markets and their similarities, moves involving African startups expanding to Latin Amer...