When Safaricom and Vodacom acquired M-Pesa from UK telecoms operator, Vodafone, details of their stakes and acquisition costs were still unclear. But we can tell from their financials.…
So far in 2020, African startups have raised about $500m but see a big Q2 slump
In the first half of 2020, African startups raised about $500m. Despite this figure being higher than that of Q1 2019, the total funding this year might be lower than its already alarming projections.…
An insight into how Ingressive Capital invests in African startups
Ingressive Capital has invested in 12 startups in Nigeria and Ghana. Following the completion of its $10m fund, founder and partner, Maya Horgan Famodu gives insight into how the venture fund invests.…
4 key metrics from Carbon’s financials in the past three years
Earlier this week, Nigerian fintech startup, Carbon, released its financials for the second year running. Here are four key metrics that signal the company’s growth since 2017.…
How South African startup, Voyc, is taking its AI-backed contact centre software beyond Africa
Founded in 2018, SA-based startup, Voyc helps African call centre operators, via its software, make informed decisions. With headquarters in the Netherlands, Voyc is rebranding and expanding to intern…
Pan-African payments gateway, MFS Africa acquires Beyonic in an undisclosed deal
One of Africa’s leading mobile money API providers, MFS Africa has acquired payments management startup, Beyonic, in an undisclosed deal. This deal will see them take cross-border payments aroun…
In conversation with Abdulrahman Jogbojogbo, product marketer at Paystack, on Wix integration and Paystack Commerce
With a number of fintech startups venturing into the eCommerce space, we try to understand why Paystack is doing so in this interview with Abdulrahman Jogbojogbo, a product marketer at the startup.…
Y Combinator reduces investment size to $125k, cites economic concerns
US-based accelerator, Y Combinator, has announced that it will cut its ticket size from $150k to $125k for its future batch of startups. However, the accelerator is maintaining its equity stake of 7%.…
Ingressive Capital completes its $10m African fund, set to invest up to $400K in new startups
African VC firm, Ingressive Capital has announced the completion of its $10M fund. According to Maya Horgan Famodu, it will invest between $200K to $400K in African startups in exchange for 10% equity…
Wallets Africa raises fresh capital from Samurai Incubate, Mozilla, and Michael Seibel
Nigerian fintech startup, Wallets Africa will use the undisclosed funding to provide digital banking for small businesses. Investors include Samurai Incubate, Michael Seibel, Y Combinator, Mozilla, an…
Bus-booking platform, Plentywaka forays into the logistics space
9 months after launching in September 2019, Plentywaka has grown to over 40,000 users and counting. The pandemic slowed this growth but the company has launched its logistics arm to diversify its offe…
20 startups selected for Class 5 of Google for Startups Accelerator Africa
Last year, 12 African startups participated in Google for Startups Accelerator programme. For its fifth cohort this year, 20 startups will take part in the three-month programme, albeit remotely.…
Analytics Intelligence wants to help African companies better understand customer data
Founded in 2011, Analytics Intelligence has helped some US and UK companies understand their customers’ data better. Having recently expanded to Nigeria, it plans to do the same for African comp…
6 months after its second seed round, Chipper Cash raises $13.8m Series A
Six months after raising its second seed round of $6 million, pan-African fintech startup, Chipper Cash has raised $13.8 million in Series A funding. This brings its total funding to $22.2 million in …
From Lagos to San Francisco: Emmanuel Gbolade’s journey building Termii
In 2014, Emmanuel Gbolade founded Termii with Ayomide Awe. Following a rebranding three years later, the startup secured funding from Microtraction and Y Combinator. In this interview, Gbolade shares …
Chris Folayan, MallforAfrica CEO, talks Link Commerce, DHL partnership, and global expansion
Following DHL’s stake acquisition in Link Commerce, Techpoint Africa caught up with Chris Folayan, CEO of the UK-based company, to understand the relationship between the software platform, Mall…
Using the hyperlocal model, Lagos-based One Kiosk Africa plans to deliver your orders in an hour
Nigeria’s eCommerce space is riddled with insurmountable problems, albeit, it continues to have new entrants. One Kiosk Africa, a one-year-old startup, is one of such and it is banking on its hyperloc…
According to StartupBlink, Rwanda overtakes Nigeria as Africa’s third-ranked startup ecosystem, SA maintains lead
According to StartupBlink, South Africa, Kenya, and Nigeria were Africa’s top ecosystems in 2019. But as most African countries drop in this year’s report, Rwanda displaces Nigeria.…
This VC fund wants African startups to pitch online for $10k. Here’s what you need to know
Aptive Capital recently called out for applications for startups to pitch online for $10,000. With a larger goal to invest $1 million over the next 5 years, here’s what you need to know about the soci…
Ex-Diamond Bank CEO, Uzoma Dozie, officially launches digital bank, Sparkle
Uzoma Dozie set his sights on his new startup, Sparkle, in August 2019 after leaving Diamond Bank. Almost a year in its product development stage, the lifestyle and financial platform officially launc…