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Shopify and global investors Base10 and Khosla Ventures back Nomba as it looks to deliver bespoke payment solutions to African businesses. → Read More
Smile Identity, a KYC and ID verification partner for many African fintechs and businesses has acquired Appruve, a Ghanaian developer of identity verification software. → Read More
FairMoney has acquired YC-backed PayForce as the lender looks to broaden its financial services proposition to merchants. → Read More
Naspers has winded down the operations of its $100 million South Africa-focused venture capital fund Naspers Foundry after three years. → Read More
Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a headcount of more than 2,000 […] → Read More
Last month, African fintech Flutterwave was involved in a hack that resulted in over $4 million missing from its accounts. → Read More
Planet42, an African mobility startup that buys used cars from dealerships and rents to customers, gets $100 million in equity and debt. → Read More
African fintech Chipper Cash conducted a second round of layoffs last Friday just ten weeks after it cut approximately 12.5% of its staff. → Read More
CcHUB's new accelerator program, EdTech Fellowship Program, will back and support 72 startups across Nigeria and Kenya over three years. → Read More
Jumia, as part of its streamlining efforts, reduced headcount among managerial roles by 60% in Dubai and undertook overall headcount reductions that resulted in over 900 position terminations across its 11 markets, affecting 20% of its staff. This occurred in Q4 last year, according to Jumia’s FY2022 financials. This news follows Jumia Supervisory Board’s note […] → Read More
The IFC and DEG back South African digital insurance player, Naked, in one of the largest ever African insurtech funding rounds. → Read More
Smile Identity provides ID verification and KYC compliance for African faces and identities; raises $20 million for its expansion plans. → Read More
Investors in Curacel's $3 million seed round include Tencent, YC and AAF Management and Elefund (investors in New York-based insurtech Sure). → Read More
Jendaya is a luxury e-commerce platform that wants to target African consumers while also exposing African brands to the rest of the world. → Read More
What drove Africa's record deal volumes when the rest of the world was reining back the enthusiasm of 2021? We polled a few investors to find out. → Read More
Yodawy, an Egyptian healthtech that connects pharmacies, insurance companies and pharmaceuticals with patients, raises $16 million Series B. → Read More
Over 90% of cybercrime starts with an email impersonation. Sendmarc, which just raised $7 million, helps customers by locking down their email domains and monitoring for attempted abuse. → Read More
Partech Africa reaches the first close of its second fund at €245 million, making it the largest Africa-focused fund yet. → Read More
SunFi, a solar financing platform based in Nigeria has raised $2.325 million as it builds a fintech platform for the cleantech space. → Read More
South Africa’s Lulalend has secured a $35 million Series B funding round to scale its business and address South Africa’s enduring SME credit gap estimated to be over $20 billion yearly. → Read More