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
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Following the stop-work directive by US President Donald Trump, i3 will scale back on its cohort size in Africa, focusing on growth-stage startups.
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Bento pauses transactions after CEO Ebun Okunbanjo resigns, citing issues with the business model amid allegations of failing to remit PAYE deductions. His departure raises concerns about the startup’s future.
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Months after announcing a Series B round led by Uber, Moove has acquired Y Combinator alumni, Kovi.
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Nigeria’s foremost web hosting company GO54 formerly known as WhoGoHost has been acquired by South African HOSTAFRICA.
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South African company Stitch has acquired Exipay, rebranding it as “Stitch In-Person Payments” to target major corporations. The move aims to enhance transaction efficiency and boost Africa’s fintech ecosystem.
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i3 is selecting just 15 startups for its third cohort, offering bespoke support, grants, and access to partners to help African healthtech companies scale and solve critical healthcare challenges.
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The Lagos State Inland Revenue Service (LIRS) has reportedly begun an investigation into Bento Africa, a Nigerian human resources (HR) and payroll management company, for what is described as a scam on companies that use its payroll service. This alleged scam was first called out in an X post by Sultan Akintunde, Co-founder of AltSchool…
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Currency devaluation and a dearth of skilled talent are slowing cloud adoption in Africa, according to Andrew Mori, CEO of Deimos. However, talent retention strategies and localised cloud solutions could boost adoption.
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Egyptian fintech startup MoneyHash has secured $5.2 million in a funding round aimed at unifying fragmented payment systems across Africa.
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South African insurtech company Naked has raised $38 million in a Series B2 funding round to enhance advertising efforts to grow its customer base and expand its product offerings and market reach.
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A new survey has revealed that Africa recorded the lowest number of investors in its startup space last year, compared to the three previous years.
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Waza launches new product, Lync, offering multi-currency accounts and affordable cross-border payments for African startups, addressing challenges from Mercury’s account restrictions.
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Selar paid out ₦9.8 billion to creators in 2024. The company has consistently doubled its payout figures over the past two years.
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FARO, a South African startup has secured $6 million in funding to make fashion more affordable while tackling textile waste across Africa.
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Adebayo Ogunlesi, the Nigerian-born business magnate, has joined OpenAI’s Board of Directors, adding his extensive expertise to the world-renowned artificial intelligence research organisation. Here are 10 key facts to know about Ogunlesi and why his appointment is significant: Adebayo Ogunlesi’s journey is a testament to the power of vision, education, and strategic thinking. His role…
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Novastar Ventures has reinforced its commitment to renewable energy in Africa by investing in Sistema.bio, a Nairobi-based biogas technology company.
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Despite efforts to boost funding for female founders, African female startup founders raised $48M in 2024, the lowest on record since 2019, while male founders raised over $2B.
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Nigerian mental healthtech startup Truthshare, born from the co-founders’ personal experiences of loss and recovery, wants to provide a digital safe space for two million Nigerians to access mental healthcare by 2025 while expanding its reach to the diaspora.
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Nigerian drone company Terrahaptix will begin exporting to South Africa to support mining activities in the mineral rich country. 21-year old Co-founder Nathan Nwanchuckwu also shared that the company has crossed its $1.6m revenue target
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Equator Africa Fund has secured $5 million from Proparco to scale climate-focused startups across Africa. The funding targets renewable energy, green mobility, and sustainable agriculture solutions.