The rise of African tech unicorns
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven. [...]
Andela Raises $200 Million in Series E Funding Round
Software company, Andela has raised $200 million in its series E funding round, bringing its total valuation to $1.5 billion. After closing this Series E round, Andela has raised a [...]Sendy Lami Technologies Partner to Launch Per-Trip Insurance Policies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has partnered with Sendy Limited, a tech-logistics company, to enable transporters [...]54gene Raises $25 Million in Series B Funding
Nigeria’s genomics research, services, and development startup, 54gene, has raised $25 million in its Series B round of funding. Investors who took part in the funding include Pan-African venture capital [...]Startup Employee Equity: 6 Things Every Founder Needs To Know
A startup is an organization designed to search for a scalable business model. That is, the original founders are taking a shot at creating something that can one day become [...]Nigeria’s Autochek Acquires Cheki Kenya and Uganda
Nigeria's Autochek, the automotive technology company facilitating auto financing across Africa, has acquired Cheki Kenya and Uganda from Ringier One Africa Media (ROAM). The move comes just one year after [...]How to Get Sponsorship for Your Startup Only With a Term Paper
It may be hard to believe but college is the perfect time to launch your own startup. Although one doesn't have any business experience at a young age, students still [...]Kenya’s MarketForce Raises Additional $100, 000 Funding
Kenya's B2B retail end-to-end distribution platform, MarketForce, has raised $100,000 in funding, adding to the $2 Million it raised in Pre-Series A funding last month. This latest funding now raises [...]IFC, Moove, Partner to Ease Movement in Nigeria's Largest City Lagos
Nigeria's largest city, Lagos, is widely known for its heavy traffic. Moove, an African fintech company that provides vehicle financing to customers and the International Finance Corporation (IFC) have partnered [...]
Wapi Pay Secures $2.2 Million Pre-Seed Funding for Expansion
Fintech startup based in Singapore and headquartered in Kenya, Wapi Pay, has raised $2.2 million in pre-seed funding to scale up global payments and remittances between Africa and Asia. Investors [...]SWVL Eyes Nasdaq Listing After a $1.5 Billion SPAC Merger Deal with Queen's Gambit
Egyptian ride-sharing company SWVL is planning to list on the Nasdaq after entering a definitive agreement with Queen's Gambit Growth Capital to combine their businesses in a merger transaction valued [...]Accelerator Program worth KSh 5.3 Million launched for Kenya's Insurance Sector
An Accelerator Programme worth KSh 5.3 Million has been launched that aims to harness technology innovations to increase insurance coverage among low-income consumers. Applications are to be submitted before 31st [...]
