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Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for …
Impact investors FMO and BlueOrchard back Ghana’s digital lender Fido in $30M Series B round Read More
Startups globally have faced challenges over the last couple of years when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers. In addition, …
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised Read More
Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed …
COTU Ventures launches $54M fund for pre-seed and seed startups in MENA Read More
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the current operational …
Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says Read More
Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational …
Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business Read More
Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors include Palm …
Social commerce platform Maka raises $2.65M to simplify buying fashion and beauty products in Africa Read More
African corporate cards and spend management platform Bujeti has raised $2 million in seed funding. The startup, involved with how African businesses, including SMBs, startups and enterprises, manage and handle …
YC-backed fintech Bujeti raises $2M for its corporate cards and spend management platform Read More