News
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1.1KAfrica Tech Summit Returns to the London Stock Exchange to Drive Investment and Collaboration Amid Funding Shifts
The 9th Africa Tech Summit London will convene at the London Stock Exchange on 6 June 2025, reinforcing the critical role of London as a gateway for...
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1.7KPurple Elephant Ventures Secures $500K Investment from Alphatron, Bringing its Seed Round Total to $5M
Purple Elephant Ventures (PEV), a venture studio dedicated to African tourism innovation, has secured an additional $500,000 investment from Alphatron, bringing its...
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1.0KMobile Money Surpasses Two Billion Registered Accounts and Over Half a Billion Monthly Active Users Globally
Mobile money reached two significant milestones in 2024, surpassing two billion registered accounts and over half a billion active monthly users across...
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883Verdant Capital Hybrid Fund Completes an Additional Investment of USD 4.5 Million in LOLC Africa
Verdant Capital is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has completed an additional investment of USD 4.5...
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1.1KPeach Payments Acquires West-African Payments Gateway PayDunya
Digital payments gateway Peach Payments has agreed to acquire West-African payment platform PayDunya. In the process, it enters mainland Francophone Africa for the...
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972Mastercard and Nomba Collaborate to Advance Seamless Payments in Nigeria
Mastercard has announced a strategic collaboration with Nomba, a leading payment solutions provider, to deliver seamless payment experiences for businesses across the country....
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1.6KDjamo Raises $17M of Equity to Double Down on Digital-First Banking Services for Users Across Francophone Africa
Djamo, a financial services app revolutionizing mobile banking in francophone Africa has secured $17 million in an equity funding round to continue...
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871Raxio Secures $100M From IFC to Develop Sub-Saharan African Data Center Platform
Raxio Group, a leading Sub-Saharan African data center platform, has signed an agreement for $100 million in financing from the International Finance...
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1.1KProparco Partners with CRDB Bank to Boost MSME Growth in Tanzania with €48 Million in New Guarantees
Proparco renewed its strategic partnership with CRDB Bank Plc, Tanzania’s largest financial institution, by granting two new guarantees worth €24 million each,...
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895InfiniLink Secures $10M Funding from MediaTek, Sukna Ventures, and Egypt Ventures
InfiniLink, an innovative semiconductor startup specializing in advanced optical data connectivity chips for AI-driven data centers, announced the successful closure of a $10M funding...
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1.2KCassava Technologies collaborates with Microsoft to launch community engagement initiative creating youth employment opportunities in South Africa’s renewable energy industry
Pan-African technology company Cassava Technologies (www.CassavaTechnologies.com), in a strategic collaboration with Microsoft, has launched a community engagement initiative focused on South Africa....
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929Alitheia Capital and Goodwell Investments Announce Successful Exit from uMunthu Fund’s Baobab Nigeria Investment
Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in...
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954NOSIBLE Raises $1 Million Pre-Seed, Welcomes Industry Veteran Axel Hörger
NOSIBLE, an upcoming AI startup, announced it has secured $1 million in pre-seed funding led by Atlantica Ventures, alongside additional strategic investments from...
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897Digital Payments Economy in Africa Expected to Reach $1.5 trillion by 2030
Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that...
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976Payhippo Rebrands to Rivy, Raises US$4M in Pre-Series A Funding
Rivy, an AI-powered lender for Africa’s renewable energy sector, announced its rebrand from Payhippo and the successful closing of a US$4 million in...
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707enza Secures $6.75 Million Seed to Further Expand in Africa
enza, a leading innovator in African payment solutions, announced today that it has secured a $6.75 million investment in a seed equity...
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769Deimos Advances DevSecOps with AI-Powered Automation on Google Cloud
In a transformative move to advance Development Security Operations (DevSecOps), Deimos, a leading hybrid and multi-cloud technology company, partnered with Salus Cloud,...
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1.1KMastercard Strengthens Collaboration with Paymentology to Drive Financial Inclusion in South Africa
Mastercard is deepening its collaboration with Paymentology, a next-generation global issuer processor, to facilitate card issuance for fintech companies in South Africa....
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920LoftyInc Capital Announces $43M First Close of its New Pan-African Seed Fund
LoftyInc Capital Management announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will...
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1.0KM-KOPA and Turaco Insurance Provide Free Insurance Coverage to More Than 1 Million Kenyans
M-KOPA Kenya, local subsidiary of the leading emerging markets fintech M-KOPA Ltd, and Turaco Insurance Agency (T/A Turaco), the leading insurtech in...
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949WideBot AI Secures $3M in Pre-Series A Funding to Enhance AI Models Development in Saudi Arabia
WideBot AI, a company specializing in the development of AI products, solutions, and models, has secured $3 million in a Pre-Series A...
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1.1KDashen Bank Partners with Accion and Mastercard to Connect Small Businesses to the Digital Economy
Dashen Bank, one of Ethiopia’s leading private banks, has partnered with global nonprofit Accion and the Mastercard Center for Inclusive Growth to...
