Bolt Launches Food Delivery Service Bolt Food in Nairobi
After earlier launching the service in South Africa and Ghana, ridesharing app bolt has launched a food delivery service in Nairobi named Bolt Food. The launch in Kenya comes after [...]
Nigerian Fintech Bankly Raises $2M in Seed Round led by Vault
Bankly, a Nigerian fintech startup, has closed a $ 2 million seed funding in a recent investment round led by Vault, with the participation of Rising Tide Africa, Plug and [...]Kuda Technologies raises US $25Million Led By Valar Ventures
Kuda Technologies, which currently offers mobile-first banking services in Nigeria, has picked up US$25 Million in Series A funding led by Valar Ventures, Target Global and other unnamed investors participating. [...]
Silicon Valley-based VC firm Flourish Ventures Opens Nairobi Office Targeting Fintech
Flourish Ventures, a Silicon Valley-based venture capital firm has opened a new office based in Nairobi as it targets to invest in startups across Africa who are building fintech solutions [...]Savannah Venture Capital launches a $25M fund for African Startups.
Savannah VC Managing Partner Mbwana AlliyThree Kenyan startups among Recipients of US$ 2 Million fund
Three Kenyan firms are among those to receive funding from the inaugural US$2 Million Jua Fund, considered the largest African venture capital fund by a private individual. The startups They [...]Flutterwave Achieves Unicorn Status After $170 Million Funding
Flutterwave, one of Africa’s leading payments technology companies on Wednesday announced it had closed its Series C funding round of USD $170 million, pushing the company's valuation at more than [...]AfDB Approves $1.3 Million Grant for M-KOPA and Pula
The AfDB (African Development Bank) has approved two grants amounting to $1.3 million to Pula Advisors Kenya Ltd and M-KOPA Kenya Ltd; both financial technology firms. The funding seeks to [...]Kenyan Kidato Startup joins Renown Accelerator, YCombinator
Kidato, a Kenyan education tech startup, has linked up with Silicon Valley-based accelerator Y Combinator, receiving US$125,000 funding in the process with further support in the pipeline. Y Combinator accelerator [...]Bolt Lands $24 Million from IFC for Expansion
Ride-hailing company, Bolt, has received €20 million ($24 million) from the International Finance Corporation (IFC), a World Bank division. The funding seeks to enable the company to further expand across [...]Cameroon's Diool Raises $3.5 Million in Funding
Cameroon's fintech startup, Diool, has raised$3.5 millionin its latest funding round that was led by the Lundin group of companies plus existing investors. The round takes the startup's total secured [...]French Group, EDF Acquires Stakes in 2 Kenyan Energy Companies
French energy group, EDF has announced the buying stakes in two Kenyan companies; a 50% stake in solar energy firm Econet Energy Kenya and a23% stake in off-grid energy company [...]
