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 [...]Rensource, Nigeria Solar Startup, Raises $20 Million
Nigerian solar-power startup, Rensource, has raised $20 million (KSh2 billion) in its Series A round of funding to boost off-grid solar power. Investors who took part in the funding include [...]Kenya Among Top Nations in 2020 Global Fintech Ranking
Kenya bagged 42nd position in the Global Fintech Ranking by Findexable. The country ranked second in Africa, just a few points behind South Africa which took the leading position. Global [...]4G Capital Secures $4Million Investment as value of loans hit $90 Million
Nairobi headquartered Fintech firm 4G Capital has announced the completion of its second round of fundraising which was secured by a $2m debt facility from Ceniarth LLC, bringing the total [...]Bolt Expands Services to Meru, Embu, and 5 Other Kenyan Towns
Cab-hailing app Bolt has expanded its services to 7 new towns in Kenya in a bid to reach more customers. The company will now serve customers in Embu, Karatina, Meru, Nyeri, [...]Kenya's Digital Startup Mpost Raises $1.9m From Investors
Taz technologies, the brains behind patented innovation Mpost has raised $ 1.9 (KSh193) million in its first round of funding. The company provides postal services through the mobile phone. The [...]
