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
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.
After building a robust tech career in Canada, Abiola Abraham decided to give back to Nigeria but changed her mind after three years in the country. Today, she’s building a startup to solve the problem that chased her back to Canada.
Andela has launched the Andela Talent Cloud, an end-to-end platform which connects skilled individuals with businesses, transforming the hiring process for both tech companies and talent.
Mecho Autotech started out by connecting vehicle technicians with vehicle owners, but it’s adding a new data layer that could see it earn $400m in yearly revenue.
Rising inflation and migration has caused significant churn at Eden Life, but after tearing down the monthly subscription barrier, the startup says it is on its way to profitability.
Every year, more than three million students leave their home countries for study. With a new environment comes new demands from the financial system, which they frequently struggle to deal with. Nigerian startup, Endowd hopes to become the financial partner for these students.