Tage Kene-Okafor

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Altos Ventures, an early backer of Coupang and Roblox, raises $500M fund

Altos Ventures, the Silicon Valley venture capital firm that has backed the likes of Roblox, Coupang, PandaDoc and Quizl...
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African ‘gender-equal’ VC Janngo Capital closes second fund at $78M

Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), ...
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Google, DPI backs African fintech Moniepoint in $110M round

Google’s Africa Investment Fund is a new investor in African fintech Moniepoint, which just closed $110 million in...
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African crypto startup Yellow Card raises $33M led by Blockchain Capital to scale its B2B pivot

Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, so...
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‘Where we are today in biology AI is similar to GPT in 2020’: An interview with the CEO of Africa’s biggest AI startup

In January last year, German biotech company BioNTech acquired African AI startup Instadeep for over $550 million, a dea...
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Flutterwave’s chief on the company’s executive hires, product focus, and IPO plans

Flutterwave CEO GB discusses the company's recent product and administration changes and their implications for the comp...
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Paymob, started by three college friends, lands another $22 million and is profitable in Egypt

Paymob has evolved into an omnichannel gateway offering over 50 methods for offline and online payments to more than 350...
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Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses

The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by...
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Payroll startup Cercli inks $4M to build the “Rippling for the Middle East and North Africa”

The potential of Cercli's payroll platform has attracted investor interest, leading to $4 million in seed funding. © 20...
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From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised

As we continue to monitor the growth of Africa's tech ecosystem, it’s essential to highlight and analyze the biggest dis...
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African B2B e-commerce startups Wasoko and MaxAB complete merger: Interview with co-CEO Daniel Yu

Two of Africa's largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-a...
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Kenyan HR and payroll startup Workpay lands Visa as investor in $5M round

Workpay provides cloud-based HR, payroll, and benefits solutions for businesses with employees across Africa. © 2024 Te...
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Waza comes out of stealth with $8M to power global trade for African businesses

In May, the African fintech processed up to $70 million in monthly payment volume. © 2024 TechCrunch. All rights reserve...
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African e-commerce company Jumia completes sale of secondary shares at $99.6M

Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American d...
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Conduit’s cross-border payments expand from LatAm into Africa with $6M round

Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesse...
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Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth  

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCru...
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Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest...
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Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand

MNT-Halan, a fintech unicorn out of Egypt, is on a consolidation march. The microfinance and payments startup has raised...
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Endeavor CEO says long-term capital needs to be prioritized in emerging ecosystems

Venture capital has become a more global industry as the tech sector slowly decentralizes. In 2022, more than 50% of VC ...
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Israel’s startup scene shows reslience despite nine months of war

When the war between Israel and Hamas broke out last October, we examined its potential impact on the tech ecosystems in...
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Paris-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups

Paris-based VC firm Breega has observed Africa’s tech ecosystem mature over the years. From receiving less than a ...
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Ilya Sutskever, OpenAI’s former chief scientist, launches new AI company

Ilya Sutskever, one of OpenAI’s co-founders, launches Safe Superintelligence (SSI), just a month after leaving OpenAI. ©...
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Sources: Wasoko-MaxAB e-commerce merger faces delays amid headwinds in Africa

The merger has yet to close due to extended due diligence amid ongoing restructuring and macroeconomic headwinds across ...
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Once serving war-torn Sudan, YC-backed Elevate now provides fintech to freelancers globally

Inflation and currency devaluation have always been a growing concern for Africans with bank accounts. © 2024 TechCrunc...
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YoLa Fresh, a GrubMarket for Morocco, digs up $7M to connect farmers with food sellers

YoLa Fresh works with over a thousand retailers across Morocco and records up to $1 million in gross merchandise volume....
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Iyris makes fresh produce easier to grow in difficult climates, raises $16M

2023 was the hottest year on record, it doesn’t look like we’re cooling down anytime soon. Rising temperatur...
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OpenseedVC, which backs operators in Africa and Europe starting their companies, reaches first close of $10M fund

Founder-market fit is one of the most crucial factors in a startup’s success, and operators (someone involved in t...
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Accion’s new $152.5M fund will back financial institutions serving small businesses globally

For over six decades, the nonprofit has been active in the financial services sector. © 2024 TechCrunch. All rights rese...
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Jumia is back, growing total sales and orders in Q1 2024

Jumia, an African e-tailer, attributes this growth to continued improvements in its supply and product assortment. © 202...
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Amazon launches a Prime-free marketplace in South Africa, its first on the continent

Two years after announcing plans, Amazon’s highly awaited e-commerce entry into Africa has finally come to pass. O...
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