Lipa Later Appoints Tom Gong as Chief Technology Officer
Lipa Later, the first of its kind buy-now-pay-later company operating in Kenya, Rwanda, Uganda, and Nigeria, has appointed Tom Gong as the new Chief Technology Officer. Prior to his appointment, [...]
Kenya-Focused Social E-Commerce Startup Elloe Secures Pre-Seed Funding
Elloe, a US-based social e-commerce startup focused on Kenya and emerging markets, has secured an undisclosed amount in pre-Seed funding round. Investors who led the funding round were the Philippines’ [...]Checkout Solution Startup, Fast, Shuts Down Operations
Online payments service, Fast announced that it is shutting down its operations with effect from Friday, 8th April 2022. This happens after the company ran out of funds after failing [...]Hisa Inc Selected to Participate in the Inaugural Hindsight Ventures Accelerator Program
Hisa Inc, a mobile app that allows anyone in Kenya to invest in US stocks and ETFs directly from their phones using mobile money, has been selected to participate in [...]
Tushop Set for Kenya Growth after Raising $3 Million Pre-seed Funding
Tushop, a social-commerce platform in Kenya that enables the group buying of fast-moving consumer goods (FMCGs), is set for expansion across Nairobi after raising $3 million in pre-seed funding in [...]Moove Partners with SWVL for Electric Buses Financing
Egyptian ride-hailing firm, SWVL, has partnered with Nigeria's mobility fintech, Moove, to scale the latter's revenue-based vehicle financing model across the Middle East, North Africa, and Pakistan (MENAP) region, and [...]Nigeria's ThriveAgric Raises $56.4 Million in Debt Funding
Nigerian agri-tech startup ThriveAgric has raised $56.4 million in debt funding from local commercial banks and institutional investors, seeking to grow its 200,000-strong farmer base and expand into new African [...]Kenya's Apollo Raises $40 Million in Series B Funding
Nairobi-based agri-tech startup, Apollo Agriculture has raised $40 million in its Series B round of funding. Investors who took part in the funding round included the Chan Zuckerberg Initiative, Yara [...]Big Cabal Media Raises $2.3 Million in Seed Funding
Big Cabal Media (BCM), a leading African digital media company, has raised $2.3 million in its Seed funding round. The seed round follows a $620,000 angel and pre-seed round the company [...]4G Capital Closes USD 18.5 Million Series C Funding Led by Lightrock
4G Capital, the award-winning African neobank, has completed its Series C funding round with Lightrock, the leading global private equity fund, investing $18.5 million dollars. Since its inception in 2013, [...]Nigeria's Moove Raises $105 Million in Series A2 Funding
Nigeria's mobility fintech, Moove, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round brings the total raised by Moove to $174.5 million [...]AfricaTech Awards invites applicants for its first edition
AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful tech start-ups across the continent, has announced a call for applications for its first edition. [...]
