WorkPay Raises $2.1 Million Seed Capital
WorkPay, a Kenyan startup that provides a cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa, has raised $2.1 Million from investors. This [...]
Silicon Valley's Incubator Founder Institute Lands in Kenya
Founder Institute has opened a new chapter in Kenya, opening up its network of mentors to startups in the country. The pre-seed startup accelerator also opened applications for startups to [...]
Mums Village Kenya and BabyBliss Nigeria Merge to form Bliss Group
Mums Village Kenya and BabyBliss Nigeria have merged to create the Bliss Group, a Pan-African entity focused on mother and child care. While Mums Village Kenya has proven strengths in [...]OPay Pauses Services Citing Tough Business Environment
Nigeria's OPay has paused some of its services due to a tough business environment. Ride-Hailing, one of the super app's vertical has taken a hit, following the pandemic and the [...]MFS Africa Acquires Beyonic
Money Transfer company, MFS Africa, has completed the takeover of payment provider Beyonic. The acquisition will see MFS absorb Beyonic’s entire team with Beyonic’s Founder and CEO Luke Kyohere, absorbed [...]
Andela Closes All Offices in Africa
Software Company Andela is reportedly closing all its offices on the continent and selling its equipment to select staff. This news comes a month after the company fired 135 employees [...]Chipper Cash Secures $13.8 Million Funding
African cross-border Fintech startup Chipper Cash has closed a $13.8 Million (KSh 1.5 Billion) funding led by Deciens Capital. The company plans to hire 30 new staff globally. The raise [...]Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]Tech firm Debuts End-to-End Fundraising Platform For African Startups
Kenyan Startup Raise Impact Technologies Raise has launched the beta program of its end-to-end platform. The startup recently released its beta program to the public. Raise helps Africa startups through [...]African Startup Ecosystem Falls in 2020 Global Rankings
African cities and countries rank lower in the 2020 global startup ecosystems' list byStartup Blink. The global ranking of regional giants like Kenya, Nigeria, and South Africa as preferred startup [...]Uganda's Eversend Raises $739k in Crowdfunding Campaign
Eversend recently raised $739k for 9.05% equity is a recent crowdfunding campaign, recording 120% of its target. The startup aimed for $613k in return for 7.67% equity, looking to target [...]Ghana’s mPharma Raises $17 Million in Venture Capital
Ghana's healthcare startup, mPharma, has raised a total of $17 million in its latest round of funding. The company has also appointed Helena Foulkes, former president of CVS, the largest [...]
