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Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts...

B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

Moroccan B2B e-commerce and retail startup Chari has acquired Axa Credit, the credit branch of Axa Assurance Maroc, for $22 million, the...

Jambo raises $7.5M from Coinbase, Alameda Research to build ‘web3 super app’ of Africa 

Jambo, a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access...

Earnipay raises $4M to help employees in Nigeria get faster access to their salaries

Earnipay, a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed...

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as...

YC-backed Remedial Health raises $1 million pre-seed to digitize pharmacies in Nigeria

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and...

Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa

Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance...

Casava gets $4M pre-seed to make insurance affordable and accessible to Nigerians

African countries are yet to catch up with social security and safety programs commonly used in the West, where the...

Norrsken, VCs and 30 unicorn founders set up $200M fund to back growth-stage startups in Africa

Niklas Adalberth’s Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda,...

Egyptian social commerce startup Brimore raises $25M led by IFC and Endure Capital

The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be attributed to...

Nigeria’s AltSchool raises $1M pre-seed to build an alternative school for Africans

The demand for software engineers is expected to grow by 22% between 2020 and 2030, according to a report by the...

Nestcoin raises $6.5m pre-seed to deepen crypto and Web3 adoption in Africa

Globally, cryptocurrency industry funding has been growing increasingly fast in the past couple of years. Last year alone,...
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Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth

A McKinsey and Co. study suggests that while sub-Saharan Africa has the potential to increase (even triple) its agricultural output...

Stitch launches ‘LinkPay’ to enable tokenised one-click bank transfers in South Africa and Nigeria

Stitch, a South African-based payments and data API fintech, announced today the launch of LinkPay, a product...

Twitter accepts Elon Musk’s $44 billion offer to buy the company. Users are bracing for changes

Twitter has accepted Elon Musk’s offer to purchase the company for roughly $44 billion. The social media...

Google opens product development center in Nairobi, its first in Africa

Google has today announced the launch of a product development center in Nairobi, its first in the continent,...
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