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 [...]Kenyan Startup, Pula Raises $6 Million in Series A Funding
Kenyan insurtech startup, Pula, has raised$6 millionin its Series A round of funding. The startup specialises in digital and agricultural insurance to derisk smallholder farmers in Africa. Investors who took [...]Weekly Deals Digest; Jan 13 Jan 19
In this edition of theweekly deals digest series, Ghanian fintech startup OZÉ led Africa with a $0.7 million seed fund to expand to Nigeria. India dominated the emerging markets space, [...]Nigeria’s uLesson Raises $7.5 Million in Series A Funding
Nigeria’s ed-tech startup, Ulesson, an online learning platform, has raised $7.5 million in its Series A funding round. The startup combines streaming and SD cards to minimize data streaming cost [...]Weekly Deals Digest; Jan 6 Jan 12
In this issue of theWeekly Deals Digest Series, Mauritius led Africa with the Daystar Power's $38 million Series B round. India outmuscled Brazil in emerging markets, leading the region with [...]Nigeria’s Daystar Power Raises $38 Million for Solar Access Expansion
Nigeria's Daystar Power has raised$38 millionfrom Investment Fund for Developing Countries and Morgan Stanley to expand solar access across West Africa. Furthermore, the funding will allow it to ensure its [...]Ken Njoroge to Step Down as Cellulant CEO by June 2021
Cellulant CEO Ken Njoroge will step down from the helm of the company after 18 years of leadership. Njoroge announced his upcoming transition in blog, saying that he will transition [...]
