Chipper Cash Raises $30M Series B Funding
African fintech Chipper Cash has raised a $30 million series B funding round that will be used to expand the product offering and venture into new markets. According to CEO, [...]
Spotify to Acquire Podcast Platform Megaphone in $235M Deal
Spotify has announced plans to buy podcast ad platform Megaphone for $235 million in a move meant to increase advertising revenues. This means that more podcasts on Megaphone will have [...]Kenyan Micro-Insurtech Startup, Turaco, Raises $2 Million in Seed Funding
Kenyan micro-insurtech startup, Turaco, has raised $2 million in seed funding as it seeks to expand further into Sub-Saharan Africa. Investors who took part in the funding include Novastar Ventures, [...]
Nigerian Fintech, Kuda, Raises $10 Million Seed Funding
Nigerian fintech startup, Kuda, has raised $10 million in a seed funding round, even as it seeks to expand further across Africa. Investors who took part in the funding include Target [...]Kenya's Agri-tech Firm Farmers Pride Raises $220K in Funding
Kenyan agri-tech startup, Farmers Pride, a one-stop e-commerce platform that connects village level farmers to quality inputs, services, and information through women-owned DigiShops powered by technology, has raised $220,000 funding [...]Weekly Deals Digest: Oct 14 Oct 20
In this week's deals digest, African fintechs take the lead in terms of investments raised, with south Africa's RSAWEB at the helm following a $10 million investment from Actis. In [...]Weekly Deals Digest: Sept 23th Sep 29th
In this issue of the Weekly Deals Digest, Ghana dominates the African space, following MEST's funding for startups in its graduating class of entrepreneurs. Tracxn data shows that enterprise applications [...]Nigerian Mobility Startup MAX.ng Raises $1 Million Capital
Nigerian mobility startup, MAX.ng, has raised $1 million in capital under a securitisation of vehicle lease receivables under a Private Company Bond program. According to the company, the transaction is the first [...]Nairobi-based OkHi Raises $1.78Million for Expansion
OkHi has raised KSh 193 million in a recent funding round by London's Angel Investment Network. The startup which has developed a digital addressing system for emerging markets will use [...]Kenya to Establish Incubation Programs Under the New Startup Act
Kenya is now among African countries with a Startup Act following the recent publishing of the Startup bill as an act of parliament. The new law will promote innovation, facilitate [...]Interswitch to Revive Investments in Startup After 4 years of Dormancy
Fintech Interswitch confirmed that it would resume investment activities after pausing in 2016. Founder and CEO Mitchell Elegbe toldTechCrunchthat the company would go back to making bets on startups. We've [...]Weekly Deals Digest: Sept 2 Sep 8 2020
In this week's deals digest funding rounds in Africa leaned towards real estate, construction and energy. On the other hand, Edtech takes the lead in venture deals in emerging markets. [...]
