Nigeria’s Genomics Firm, 54gene, Secures $15 Million in Funding
Nigeria's genomics research, services, and development startup, 54gene, has raised $15 million (KSh 1.6 Bn) in its Series A round of funding. Investors who took part in the funding are [...]
SoftBank Halts $3 Billion WeWork Deal
Japanese global tech investor, SoftBank Group, has pulled out of a $3 billion deal to buy WeWork shares it entered into last year. In a statement, SoftBank pointed out that [...]Startups in France Get $4.3 Billion Cash Injection
The government of France has announced plans to release a $4.3 billion cash injection for its startups, a move that seeks to help them survive the COVID-19 pandemic. According to [...]Bolt To Provide Financing to Drivers in Africa
On his first visit to Kenya, Kenyan Wallstreet met up with Bolt CEO and Co-Founder, Markus Villig, to talk about Bolt's strategic shift across key markets in Africa and Europe. [...]
Microsoft Launches Social Entrepreneurship Program
Microsoft, via its Microsoft for Start-ups initiative, has launched a Global Social Entrepreneurship program during the recently concludedSankalp Africa Summit 2020. The program seeks to build and scale underrepresented founders [...]Kenyan HR and Payroll Startup joins Y Combinator
Kenyan cloud-based HR and payroll startup WorkPay has been accepted into the latest cohort at American seed accelerator Y Combinator (YC) and with it secured $150,000 in seed funding. The [...]South African Fintech, Jumo, Raises $55 Million Funding Led by Goldman Sachs
South African fintech startup, Jumo, has raised $55 million in debt and equity funding, from a round of investors led by Goldman Sachs,Odey Asset Management and LeapFrog Investments. According to [...]Why Founders are your Biggest Risk, and Probably your Only Hope
It’s the eternal scale-up dilemma: What do we do about founders who fail to scale? Founders launch the innovative, game-changing businesses we need to make a dent in the existential [...]Sokowatch Raises $14 Million in Series A Funding
Kenya's e-commerce platform, Sokowatch, has raised $14 million in its series A funding. Investors who took part in the funding are Quona Capital, Amplo, Breyer Capital, Vertex Ventures, Timon Capital [...]Kenyan AgriTech Startups Secure KSh85.6 Million in Funding
Three Kenyan agri-tech startups, Juhudi Kilimo, WeFarm, and Illuminum Greenhouses, have received a total of KSh85.6 million ($856,000) in funding. The startups received the funding from UK’s innovation agency, Innovate [...]Nigeria's Aella Raises KSh1B to Lend to Underbanked
Nigeria's fintech Aella has received Ksh1 billion ($10M) debt financing from HQ Financial Group to lend to the underbanked. The start-up has so far netted 300,000 borrowers by building trustworthy [...]FarmCrowdy to Expand into Retail Meat Hubs
Nigerian Startup Farmcrowdy has acquired Best Foods LP Limited targeting entry into the meat sub sector in the West African Nation. Farmcrowdy intends to set Farmcrowdy Meat Hubs across Lagos [...]
