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
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Kenya’s Asset Recovery Agency has withdrawn its case against Flutterwave, allowing the startup to access more than $51 million frozen since 2022.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.
Popular African innovation centre, CcHUB, has announced its plan to launch The Edtech Fellowship Program, which will back edtech startups in Nigeria and Kenya with $15 million. The programme aims to create a new ecosystem of edtech startups that will inform what the education solutions space is supposed to be like.
Despite seeing revenues grow by more than 24%, eCommerce giant, Jumia, continues to post losses.
Fluidcoins, a Nigerian crypto payment gateway, has been acquired by Blockfinex as the company plans to launch a wallets-as-a-service offering.
Naked, a South African insurtech startup has raised $17 million in a Series B round.
Founded in 2019 by Henry Mascot and John Dada, Curacel has raised a $3 million seed to expand into North Africa
Nigerian mobility startup, Treepz, has announced its launch in Kenya and an additional $1.2 million investment.
Launched in 2020 by Brian Dempsey and Chandra Singh, the company plans to continue partnering with Southern African banks to offer new services while scaling in Kenya.