In a bold step toward a more sustainable future, Standard Chartered Bank has invested Ksh 8.75 million in seven women-led startups that are shaking up the sustainability sector. This funding milestone is the latest chapter in the Women in Tech Incubation Program, a collaboration between Standard Chartered Kenya and @iBizAfrica at Strathmore University, designed to […]
In the startup world, many factors contribute to success—solid business plans, clear models, and strategic marketing. However, the true foundation of any successful startup lies in one thing: its team. A cohesive, adaptable, and collaborative team is essential for executing strategies and driving growth. Even the best-laid plans will fail without the right people to […]
From mobile money services to cross-border payments and digital lending, these startups are providing millions of Africans with access to financial services that were previously out of reach.
As the fintech sector continues to grow and mature, we can expect to see even more groundbreaking innovations and positive impacts on Africa’s economic development.
Niteon, a US-based startup with operations in Africa, has made a significant move. It has acquired InstaBarterPK, a consumer-to-consumer platform in Pakistan. This acquisition marks Niteon’s official entry into the South Asian market. It highlights the company’s growing influence in global trade.
Equator Africa, a climate tech venture capital firm, has secured a $5 million investment from the International Financial Corporation (IFC). This funding aims to support climate tech innovation in Africa, especially for seed and Series A-stage startups. The investment follows an initial $40 million close in April 2023. Equator Africa’s mission is to close the […]
Scale, a South African startup specializing in card issuing orchestration for fintechs, has raised $700,000 in pre-seed funding. The round was led by 54 Collective, a sector-agnostic venture capital firm, and First Circle Capital, a fintech-focused VC. Sunny Side Venture Partners and various angel investors also participated in the round.
If your startup is committed to solving Africa’s challenges, boasts a standout product or service that has garnered investor and customer attention, and remains privately held, we encourage you to apply.
Lesaka Technologies, a listed fintech company, has officially completed its acquisition of Adumo for a total consideration of R1.67 billion ($96 million). This deal significantly strengthens Lesaka’s payment processing capabilities, adding to its growing portfolio of fintech solutions across Africa. The acquisition was finalized with a combination of approximately 17 million Lesaka shares and a […]
It’s one thing to have a business idea. It’s another thing to have a business idea that actually works. So many African startups fail in their formative years because they did not do this one thing – they did not validate their startup ideas.
If you’re running a WordPress site in Nigeria, pay attention! The National Information Technology Development Agency (NITDA) has issued a crucial security warning about a dangerous vulnerability, CVE-2024-28000, that could affect over 5 million websites worldwide — and yours could be one of them.
