Browsing: Africa
Paris-based VC Breega closes first $75 million fund in Africa to support start-ups and startups
Paris-based VC firm Brega has seen Africa’s tech ecosystem mature over the years. From receiving less than a billion dollars in venture capital annually to a…
Cadana, an emerging market payroll services provider for global recruiting platforms, raises $7.1 million
The global freelance market, a The $1.3 trillion industry was fueled of more than 200 million knowledge workers, is driving demand for solutions that automate payroll…
Starting in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers worldwide
In early 2022, fintech startup Bloom – not to be confused with Gen Z investment app or large-cap revenue funding platform – was accepted into Y…
YoLa Fresh, a GrubMarket for Morocco, Raises $7M to Connect Farmers with Food Vendors
The fresh produce supply chain in Africa and emerging markets faces a laundry list of challenges every day. They range from environmental and labor issues, to…
OpenseedVC, which supports startups in Africa and Europe, reaches its first $10M funding round.
Founder-market fit is one of the most critical factors in a startup’s success, and operators (someone involved in the day-to-day operations of a startup) turned founders…
Accion’s new $152.5 million fund will support financial institutions serving small businesses worldwide
Accion, a global nonprofit organization, announced Tuesday the launch of the Accion Digital Transformation Fund, a $152.5 million fund for major financial institutions, including microfinance that…
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, in particular, are used more than debit and credit cards combined). This…
Ethiopian plastics recycling startup Kubik receives new funding, plans to license its technology
Kubik, a plastics upgrading startup, has raised a $1.9 million expansion, months after announcing its initial equity investment. The startup’s latest investment is from African Renaissance…
TLcom Capital closes second fund at $154 million to support early-stage startups across Africa
Venture capital activity in Africa has shown resilience over the past six months, with major firms backing startups on the continent to close capital despite the…
African technology The ecosystem, plagued by enormous potential but also plenty of economic, political and social instability, is no stranger to high drama affecting even its…