TLcom Africa Fund Raises KSh7.1 Billion
TLcom venture capital has received additional capital from new partners for its TIDE Africa Fund bringing the total funds to Ksh7.1B. The new partners include World Bank's IFC, CDC from [...]
Wapi Pay Raises Capital via Future Hub
Fintech startup, Wapi Pay, has raised seed capital via Future Hub, becoming the first Fintech investment in Africa to do so. According to Wapi Pay co-founder, Eddie Ndichu, they will [...]
Catalyst Fund Commits KSh1.5 Billion to Fintech Startups
Catalyst Fund has committed KSh1.5 billion towards growing and developing Kenyan fintech startups. Other countries whose fintechs stand to benefit from the funding include Nigeria, South Africa, India and Mexico. [...]Sendy Raises $20 Million in Series B Funding
Kenyan deliveries startup, Sendy, has raised $20 million in its series B round of funding. Investors who took part in the funding include Toyota Tsusho Corporation and Atlanta Ventures, an [...]Flutterwave Raises $35M, Becomes Worldpay's First African Partner
Nigerian fintech App Flutterwave has raised $35Million looking to expand beyond finance. The payment solution also announced a partnership with Worldpay FIS for payments in Africa, becoming the first African [...]African Tech Startups to Get KSh 6.6 Billion from Janngo
Africa's first social startup, Janngo, has announced plans to give funding worth $66 million (KSh 6.6 billion) to African Tech Startups. The fund, dubbed Janngo Capital Startup Fund, is geared [...]Visa Acquires Fintech Firm, Plaid, for $5.3 Billion
Visa has acquired fintech firm, Plaid, at a cost of $5.3 billion, a move that will enable the firm take advantage of Plaid's technology, thus making huge strides in the [...]Digital Gig Economy's Potential to Solve Youth Unemployment
Digital technologies are a crucial source of economic dynamism and create opportunities for gig job creation. Kenya enjoys high mobile penetration standing at 112 per cent with a whopping 53.2 [...]Little Shuttle Temporarily Suspends its Services
Little Shuttle Services has announced a temporary suspension on its services starting today. The shuttle-hailing service is once again off the road after it halted its operations in October 2019. [...]VC Firm, Antler, Raises $50 Million for Expansion
Singapore-based early stage Venture Capital firm and startup builder, Antler, has raised $50 million, a move that seeks to expand its operations and launch further Antler programmes in 2020. The [...]Senegal Now the Second African Country to Pass the Startup Act After Tunisia
Senegal is officially the second country in Africa to pass the Startup Act, right behind Tunisia. The country last week passed the law, with 90% of its parliamentarians voting in [...]Interview With Copia CEO Tim Steel on Solving Africa's Poor E-commerce Penetration
Africa has seen a surge in the number of e-commerce platforms in the past ten years.Disrupt Africastates that the continent is home to 264 e-commerce startups, mostly targeting middle-class consumers [...]
