Tag "kenya"

TLcom Capital closes $71M Africa fund with plans to back 12 startups

February 5, 2020 0

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

February 3, 2020 0

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

January 29, 2020 0

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

January 23, 2020 0

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

January 22, 2020 0

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

January 20, 2020 0

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

August 30, 2019 0

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

August 21, 2019 0

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

August 16, 2019 0

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

August 14, 2019 0

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

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