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
From June 1, 2023, loan apps on the Google Play Store will be unable to access photos and contacts on customers’ phones. However, a policy that should protect customers could hurt the progress made in financial inclusion.
Nigerian shared mobility platform, Shuttlers, has raised $4 million to grow its solution in Nigeria. The funding round was led by Verod-Kepple Africa Ventures (VKAV). Shuttlers plans to use the funding to increase its market share in the bus-sharing space.
From music to engineering and artificial intelligence, the founders of Rivet come from diverse backgrounds that have played a role in helping them build the fan engagement platform, Rivet. As Gen Z founders, they discuss their building and fundraising process.
Goodwell and Oxfam Novib have set up Pepea, a $21.7 million fund for East African startups. The fund will be deployed in Kenya, Uganda, and Ethiopia. It will target businesses in sectors representing a large portion of household spending in low-income communities.
Founded in 2020 after starting a B2B janitorial service and a side business two years prior, Fez Delivery has raised $1 million seed to deepen its operations in Nigeria and expand to other African markets.
Market intelligence startup Rwazi has raised $4 million seed. The startup plans to use the funding to expand into more markets and launch new products
With a growing number of startups emerging from the city, there is no doubt that Akure is on its way to becoming one of Nigeria’s most vibrant tech hubs.
Nigeria’s Ventures Platform leads $2.5m seed round in Dubai-based embedded finance startup, Credable
Embedded finance platform Credable has raised $2.5 million to provide financial services to businesses in emerging markets. The startup wants to use the funding to expand into bigger markets — Nigeria and Pakistan.
Studies show that loneliness has become more common recently, particularly among youth. Interestingly, dating apps can help reduce loneliness. To deal with it, two brothers, Dare and Ayo Olatoye, founded Trueflutter. This article explains how the platform works.
Y Combinator will issue fewer checks to late-stage companies, resulting in the layoff of 17 team members, or roughly 20% of the accelerator’s workforce.
Dream VC has launched the 2023 cohort of its VC and investor training programme. The programme is for those interested in working with VC firms or learning to become an investor. Launch into VC (LIVC) will run for three months — June 2023 to August — while investor accelerator will run for five months, June…
Naspers has shut down its South Africa-focused technology investment fund, Foundry. The fund valued at R1.4 billion ($77 million) has only been deployed halfway — R740 million $40 million. Naspers will, however, maintain the investment it has already made in startups.
Ibadan, one of Nigeria’s fastest-growing cities, is home to a vibrant and rapidly growing startup ecosystem. In this article, we’ll explore nine innovative startups in Ibadan that are crushing it in their respective industries, from food delivery to fintech.
CcHub has launched a $15 million accelerator programme, but can it drive an edtech revolution in Africa?
Here’s what you should know about the person taking over day-to-day operations from Moniepoint CEO, Tosin Eniolorunda. Pawal Swiatek becomes Moniepoint’s COO after spending over 4 years at Capital One.
Kenya’s Asset Recovery Agency has withdrawn its case against Flutterwave, allowing the startup to access more than $51 million frozen since 2022.
The company also claims it will use the funds to provide a million cars to people who cannot obtain traditional car financing.
Ride-haling platform Bolt has laid off 17 of 70 employees in Nigeria. The layoff reportedly affected mostly junior and mid-senior employees of the company’s Nigerian operations. Bolt told affected employees that the layoff was due to the restructuring of operations in Nigeria.
Jumba, a Kenyan marketplace for construction materials, has closed a $4.5 million seed round
Nigerian healthtech startup, JEAY Healthcare, has launched its telemedicine platform. Inspired by the founders’ poor access to healthcare, the startup wants to provide affordable and accessible healthcare. This article explains how it does that.