Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
Less than a year after leaving office as the governor of Kaduna State, Nasir El-Rufai has announced plans to launch a $100 million fund in 2024.
i-invest began operations by enabling Nigerians to purchase treasury bills using a smartphone. Now serving 250,000 users, it has its eyes on building the everything app for financial services in Africa.
LemFi, a fintech startup founded by former OPay employees has suspended operations in Ghana. This comes one week after the Bank of Ghana disclosed that it was operating without approval in the country.
Startups, investors, and accelerators can now register on the Startup Act’s support and engagement portal to access funding, tax relief, and other benefits.
Paystack has reduced its operations outside of Africa by laying off 33 employees in the United Arab Emirates and Europe.
Paycorp, a South African startup, has introduced a new app that allows users to withdraw cryptocurrency as cash at thousands of ATMs across the country. Here’s how it works.
Flutterwave has been cleared in Kenya of money laundering charges following the agency’s request to drop its last lawsuit against the Nigerian fintech company.
There are critical financial metrics that signal that a startup is in trouble and heading for the rocks. This article contains guidance from a finance expert to achieve financial stability and survive fiscal distress
Togolese startup, Gozem, has acquired Beninese fintech, Moneex as it plans to add mobile money services.
With clients on three continents, Nigeria’s Cybervergent wants to help companies stay safe digitally
Adetokunbo Omotosho started Cybervergent in 2012 to provide cybersecurity solutions locally. Eleven years later, the company is gearing up to become a global cybersecurity player.
Norrsken has closed a $205 million fund to invest in Series A to C startups in Africa. The fund is backed by more than 30 unicorn founders and will invest in more than 20 startups.
Crowdyvest, a Nigerian fintech startup, plans to convert customer funds worth more than ₦5 billion to equity two years after it defaulted on payments.
AFEX, an African commodities platform, has secured $26.5 million from British International Investment (BII) to improve food insecurity in Nigeria, Kenya, and Uganda.
Barcelona defender, Jules Koundé, Real Madrid midfielder, Aurélien Tchouameni, and AC Milan shot-stopper have invested in StarNews, an African creator economy startup.
Why did DLM Trust Company terminate its appointment as escrow trustee for Patricia? A source within the financial firm explains.
Sukhiba Connect, a social commerce startup, has raised $1.5 million in funding to expand beyond Kenya’s borders.
Klick Africa, founded by two female professionals, wants to make it easy for mothers to shop for themselves and their children on the same platform. It also plans to help female-owned small businesses grow.
From fintech to edtech, meet eleven ex-Interswitch employees who are building some of Nigeria’s most valuable companies.
US-based cleantech startup, Husk Power Systems, has raised $103 million in Series D funding, consisting of $43 million in equity and $60 million in debt financing. It plans to use the funds to enter new African markets.