IT総合 IFC leads $17M investment in South African insurtech Naked
Naked, a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17...
Tage Kene-Okafor
IT総合 IT総合 Costanoa Ventures and Norrsken22 back Smile Identity in $20M Series B round
The importance of KYC and identity verification in an increasing fintech landscape like Africa’s cannot be overemphasize...
IT総合 Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa
As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured...
IT総合 Jendaya raises funding to scale its Africa-focused luxury e-commerce platform
Fashion items are among the most — if not the most — sought after on many e-commerce platforms. In Africa, for instance,...
IT総合 After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem
Last year was a good 12 months of firsts for African tech startups.
For the first time ever, the sector attracted over 1...
IT総合 Egyptian health tech Yodawy raises $16M, backed by Delivery Hero Ventures
Without proper government-led public health initiatives, healthcare expenditures, including insurance and pharmaceutical...
IT総合 Sendmarc nabs $7M to offer email protection from phishing attacks and email impersonation
Over 90% of cybercrime activities that lead to financial fraud or identity theft start with an email impersonation, comm...
IT総合 Partech hits first close of largest Africa-focused fund, at €245M
Partech, the global VC firm with several funds, has reached first close of Partech Africa II at €245 million (~$263 mill...
IT総合 SunFi aims to be the fastest way for Nigerians to find, finance and manage solar
SunFi, the Nigerian clean tech startup that connects people and businesses who want solar energy access to payment plans...
IT総合 South African digital lender Lulalend to launch banking product off the back of $35M Series B
In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the...
IT総合 Egyptian financial services provider MNT-Halan valued at $1B in $400M funding
Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from loca...
IT総合 InstaDeep’s acquisition is a classic case of an African startup gone global
This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-...
IT総合 How African startups raised venture capital in 2022
Earlier this month, we reported that investors’ sentiments surrounding venture capital activity going into this were mor...
IT総合 Jumia’s investors rethink their stakes — for better and worse
Baillie Gifford, the Edinburgh-based asset management firm long known to have a penchant for pre-IPO tech companies, has...
IT総合 South Africa’s Flow gets funding to automate social media advertising for real estate agencies
The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital...
IT総合 Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation...
IT総合 African gaming startup Carry1st raises $27M from Bitkraft Ventures and a16z
In the coming decades, Africa will be a significant growth market for mobile games driven by the proliferation of techno...
IT総合 Why Africa had no unicorns last year despite record fundraising haul
The African tech scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billio...
IT総合 BioNTech acquires Tunisian-born and U.K-based AI startup InstaDeep for £562M
German-based biotech company BioNTech SE is set to acquire InstaDeep, a Tunis-born and U.K.-based artificial intelligenc...
IT総合 Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debt
The market for cross-border logistics services is said to hit revenues of $32 billion by 2025, with several companies vy...
IT総合 Nigerian agritech Releaf gets more capital as it launches new tech for food processing
Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacture...
IT総合 Sun King, a provider of solar energy products in Africa and Asia, expands Series D to $330M
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment l...
IT総合 Pan-African early-stage firm Ventures Platform closes fund, hits $46M
Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to dou...
IT総合 Visa to invest $1B in Africa over the next five years
Global payments giant Visa says it will invest $1 billion by 2027 to expand its investments in Africa amidst a digital p...
IT総合 Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retail...
IT総合 African credit-led fintech Finclusion raises additional capital amidst rebrand
African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially reb...
IT総合 FTX marked down Chipper Cash’s $2B valuation to $1.25B
African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, a...
IT総合 African fintech unicorn Chipper Cash lays off about 12.5% of staff
Chipper Cash, an African cross-border payments company valued at $2.2 billion last year, has laid off a portion of its w...
IT総合 Orda raises millions to digitize African restaurants with its cloud-based operating system
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to ...
IT総合 SWVL reduces its headcount by 50% six months after axing 400+ staff
Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of l...