Minka: A Fintech's Story From Latin America to Africa
Minka, a Colombian fintech that recently announced operations in the region, is trying to resolve the complexities of interbank transactions.
African Startups in 13 Countries to Lose Greatly after Mercury Bank Announces Closures
Effective 22nd August this year, American digital bank, Mercury Bank will close all business accounts in 37 countries around the world a move that has caused jitters within the [...]Kenyan Climate-tech Bio-Logical Raises US$ 1.3Mn to Support Operations
Carbon-removal startup, Bio-Logical, intends to scale up their biochar production facility to handle 100,000 tonnes of Carbon dioxide over the next one and a half years, after receiving US$ 1.3 [...]Kenyan Startup Uncover Raises US$ 1.4mn For Expansion
Kenyan online marketplace for skincare products, Uncover Skincare, has raised US$ 1.4 million in its second seed round which will facilitate expansion into other markets such as the United States, [...]Nigerian Fintech Africhange Launches in the UK
Payments services provider, Africhange, has launched operations in the United Kingdom seeking to capitalize on the rising demand for a convenient remittances platform in the UK-Nigerian corridor. Africhange’s entry into [...]NALA Raises US$ 40mn in Series A Funding
Tanzania-based fintech, NALA, has raised about US$ 40 million in its Series A round as the remittances platform seeks to establish a new B2B product. This $40 million funding round [...]Kenyan Startups Lead in H1 Raise, Overall Funding Declines by 31%
A report from Africa: The Big Deal' has indicated that African startups raised US$ 780 million in H1 2024, a slump of 31% compared to H2 2023 signalling the [...]Two Rivers SEZ, ONESPACE Launch Initiative to Upscale Tech Companies
Many tech companies in Africa experience difficulties in expanding from their homegrown markets due to poor capacity building and diminished capital sources. This Accelerator is vital for growth. What excites [...]Paris-Based VC Breega Launches US$ 75Mn Fund for African Investment
Early-stage startups in Africa are set to benefit from investments worth US$ 75 million from Paris-based VC Breega, which aims to make 40 investments from the fund. Reflecting on my [...]Nigeria's ThriveAgric Plans Kenyan Expansion with Visa's Support
Global payment platform, Visa, will throw its weight behind Nigerian startup ThriveAgric' as it reveals plans to set up farmer-support hubs in five counties across Kenya. Smallholder farmers are essential [...]Victory for Wasoko as Court Suspends February Verdict on Nine Ex-Employees
Kenyan B2B e-commerce startup, Wasoko, will no longer be compelled to retain nine ex-employees in its payroll after a court decision revoked the decision made in February this year. Before [...]African Startups Raise US$ 187 Million in May
The month of May saw a 40% increase in startup funding across Africa compared to April this year, according to the latest figures from Africa: The Big Deal. Since the [...]
