YC backed Verto launches USD accounts with funds 100% Safeguarded for African Startups, Enterprises and VCs: Platform used by MTN, Jumia, Maersk and Interswitch
Verto, London-based and authorised by the UK FCA as an Electronic Money Institution, has launched 100% Safeguarded USD accounts that see funds deposited held in protected accounts. Following the recent [...]
Naspers Shuts Down $77 Million South Africa-Focused Technology Investment Fund, Foundry
Naspers has shut down the $77 Million South Africa-Focused Technology Investment Fund, Foundry, to slim its operations as venture capital takes a hit globally. The fund utilised only half of [...]
Fingo Africa, First Digital-Only Bank in Kenya, Receives CBK Approval to Roll Out its Services
Fingo Africa has received regulatory approval from the Central Bank of Kenya (CBK) to roll out its services in Kenya. The neobank aims to introduce digital banking services such as [...]The Baobab Network Invests in 5 African Start-ups
The Baobab Network, an accelerator in Nairobi that supports early-stage technology companies throughout Africa, has recently made five new investments, expanding its portfolio to 35 companies. The new cohort consists [...]Nigerian Mobility Startup, Treepz, Expands its Services to Kenya
Treepz, a Nigeria mobility startup, has extended its operations to Kenya. Kenya is the fourth nation where the mobility startup will function, having already introduced its services in Uganda and [...]Mercy Corps Ventures Launches $1M Fund to Test Real World Use Cases for Web3 in Emerging Markets
Mercy Corps Ventures is launching a second year of its Crypto for Good Fund of $1 million. This Fund is set up to test and support Web3 solutions for underserved [...]Oikocredit Invests $5 Million in Yellow to Expand Solar Energy Industry
Yellow, the African fintech startup that provides pay-as-you-go off-grid solar solutions and appliances, announced that it received a $5 million investment from a social impact investor Oikocredit, which will allow [...]How to Start a Moving Company in 2023
Everyday there is someone packing up boxes and moving out of their home or office to a different location/area. If you have ever moved yourself or helped your neighbours, friends [...]
How to Start a Bed and Breakfast Business in 9 Simple Steps
If you have a nice house in a good location and you love opening up your home to guests, starting a bed and breakfast business might just be the business [...]Catalyst Fund Announces $2 Million Investment into 10 African Startups
Today pre-seed venture capital (VC) fund and accelerator Catalyst Fund announced a $2 million investment into ten startups building solutions to improve the resilience of climate-vulnerable communities in Africa. This [...]Africa Tech Summit 2023 Returns To Nairobi For Fifth Edition In February
Africa Tech Summit, the leading tech conference focused on connecting businesses and driving investments within Africa’s tech ecosystem, will host its fifth edition on the 15th to 16th of February [...]SafeBoda Exits Nigeria, Shifts Focus to Uganda
Motorcycle and car ride-hailing company, SafeBoda has announced that it will exit the Nigerian market at the end of December 2022, to concentrate on its more profitable business in Uganda. The [...]
