Browsing: African
Uber leads $100m investment in African mobility fintech Moove as valuation hits $750m
By techtost.com
Movementan African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plans to…
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…
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…
African neobank Kuda raises $20M in stable valuation in 2023, misses user milestone view by 3M
By techtost.com
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…
YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed
By techtost.com
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…
GoMetroa South African technology company active in the fleet management space, has raised £9 million (~$11.4 million) in a Series A funding round led by Zenobē…
FrontEdge Raises $10M Debt, Equity From TLG, Flexport To Facilitate Trade For African Exporters
By techtost.com
In Africa’s dynamic international trade landscape, one pervasive challenge looms large: Just 30% of transaction volume finds financial intermediaries in banks. This glaring funding gap disproportionately…