Tag "kenya"
TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next
Nigeria is becoming Africa’s unofficial tech capital
Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital. While the West African nation is commonly associated
Kenyan logistics startup Sendy raises $20M round backed by Toyota
Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to
Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion
Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The
Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups
The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia,
Update on Nigerian fintech firm Interswitch and its speculative IPO
Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a
African incubator MEST has a new MD and 11 fresh startup investments
Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a
China’s Transsion and Kenya’s Wapi Capital partner on Africa fund
Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is
Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs
Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from
