Browsing: Africa
It was alone just over a year ago that McKinsey described Africa’s fintech landscape as a “hotbed for investment”. Fast forward to today, and startups on…
DXwanda Cairo and Dubai-based startup leveraging conversational AI to help businesses in the Middle East automate customer service and employee assistance has raised $4 million in…
After defying it Global funding slows in 2022 VC investment in African startups fell significantly last year, mirroring the situation in other regions where capital flows…
Shamba Pride has worked since 2016 to improve last-mile distribution for agricultural inputs and address price and quality exploitation issues for farmers through its dealer network…
Amazon Prime Video is ending support for local originals in Africa and the Middle East
Amazon Prime Video is said to be scaling back its operations in Africa and the Middle East in a move that will affect teams in the…
African neobank Kuda raises $20M in stable valuation in 2023, misses user milestone view by 3M
Earlier this month, Kunda co-founder and CEO Babs Ogundeyi; he said users that the Nigerian online challenger bank had reached almost N₦56 trillion (~$60 billion) in…
Seedstars Africa Ventures receives $30M backing from EIB Global to invest in early-stage startups
Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional…
YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed
Nigerian fintech Stealwhich focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, raised $1.5 million in…
The global resale market is poised for growth as consumers more and more settle for used goods for cost savings and as some observe conscious consumption.…
Backed by Schmidt Futures, Cloudline Raises $6M to Make Aerial Autonomy Green and Mainstream
South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon-free autonomous flight. Schmidt Futures, the…