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MFS Africa Raises $100-Million in Series C Funding
MFS Africa, one of Africa’s largest digital payments networks, has raised $100-million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including…
New Startups in Africa Can Now Take Advantage of This Amazon Accelerator
Amazon Web Services has launched the AWS Startup Loft Accelerator, a 10-week, virtual, equity-free acceleration program for early-stage startups in countries across Europe, the Middle East and Africa. Participants of the startup accelerator will have tailored personal training with access…
SA’s ‘Startup Act’ – Here’s What President Ramaphosa Had to Say
This week, the Presidential Office held a special meeting with individuals from various organisations that are invested in the growth and support of local entrepreneurs and businesses to discuss what is needed to eliminate the red tape obstructing the growth…
This Startup Puts Tech in Teachers’ Hands to Change Student Lives
There is a persistent issue when it comes to the lack of education and how it contributes to the cycle of poverty, especially in underdeveloped areas of the world. According to UNESCO, more than 617-million children worldwide are lacking knowledge…
Chipper Cash Interview: ‘SA’s Data Costs Were A Challenge’
Last month, US-based fintech unicorn startup Chipper launched its free Chipper Cash app in SA to facilitate peer-to-peer (P2P) money transfers and instant cross-border payments in Africa. According to a statement from the company, the Chipper Cash app was created…
Africa’s 5 Unicorn Startups – Which Has the Highest Valuation?
Recently, global engineering talent outsourcer Andela reached the highly exalted status as a unicorn startup – a startup with a valuation of $1-billion or more. Andela joins an exceedingly exclusive group as one of Africa’s 5 startup unicorns currently operating.…
FinTech Startup Chipper Cash Launches its Free App in SA
Yesterday, Chipper, one of the fastest growing African fintech start-ups that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable…
Incubation Hub for African Entrepreneurs Opens in Johannesburg
Unicorn Group, a pan-African, investment company targeting innovative ideas, start-ups, and early-stage companies in the technology and technology-enabled sectors across Africa has launched the Unicorn Incubation campus in Johannesburg, South Africa. The Unicorn incubation and innovation campus aims to host…
Wave Closes Largest Series A Round for an African FinTech at $200-Million
Wave, a Senegal-based mobile money provider have raised $200-million in a Series A round of funding, reports Tech Crunch. The investment marks the largest-ever Series A funding round for a fintech startup in Africa, and it values Wave at around…
4 Lessons Private Equity Can Learn After a Huge 2020 for African VC
Despite the limitations of a global pandemic and its attendant lockdowns, African venture capital had a bumper year in 2020. According to a report from the African Private Equity and Venture Capital Association, the number of total reported venture capital…
SA Fintech Ukheshe Partners with dzcard for Asia Pacific Expansion
South Africa-based, fintech enablement solutions provider, Ukheshe Technologies has announced a new partnership with global next-generation card solutions and digital security company, dzcard. Headquartered in Thailand, with offices worldwide including in India and Tanzania, dzcard’s new partnership with Ukheshe will…
Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup
Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank’s venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the…
Elon Musk’s Neuralink Brain-Computer Devices Raise $205-Million
Neuralink, the brain-computer interface startup founded by tech tycoon Elon Musk, has raised $205-million during a round of Series C funding. The biggest amount raised by far for any company in its field. In a post on Neuralink’s official blog,…
South African E-Learning Unicorn Raises $200-Million in Series D Round
Go1, one of the world’s largest corporate education content hubs for on-demand training and resources, recently announced a $200-million Series D round – valuing the company at more than $1-billion. The online learning platform, co-founded by South African Melvyn Lubega…
The Top African Regions Set to Become Startup and Investment Hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other African…
AgriTourZA is Rewarding R100,000 to Limpopo’s Top Technopreneurs and Innovators
On June 29th, many hopeful tech-entrepreneurs walked into the lion’s den to pitch their business ideas to a panel of judges during AgriTourZA’s Limpopo Innovation Platform Demo Day. AgriTourZA’s Limpopo Innovation Platform is an innovative start-up programme that sets out…
