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 [...]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 [...]
