Payday Secures Ksh 396 Million Seed Round to Power the Future of Work for Africa
March 29, 2023
Payday has announced a $3M seed round led by Moniepoint Inc with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors, Dare Okoudjou, Founder and CEO of MFS Africa,…
Factor[e] Ventures launches Delta40, a new venture studio to transform the African startup ecosystem
March 23, 2023
Factor[e] Ventures today strengthens its commitment to transform the African start-up ecosystem with the launch of Delta40, a new venture studio that aims to increase incomes and tackle climate change in Africa by building and…
Zumi, an E-commerce Platform, Shuts Down Operations Due to Luck of Funding
March 22, 2023
Ecommerce is a rapidly growing sector in Africa, with projections indicating a positive outlook for the future. However, breaking through and achieving sustainability can be a significant challenge for startups. This is a reality that…
Flat6Labs Launches $95M Venture Capital Fund to Support African Tech Startups
March 14, 2023
Flat6Labs has launched a $95m Seed Fund to nurture early-stage tech startups in Africa. The fund will invest in over 160 early-stage startups over the next five years operating in the technology sector in North,…
Convergence Partners Digital Infrastructure Fund surpasses target with $296 million close
February 1, 2023
Convergence Partners, a leading private equity investor in the technology sector of sub-Saharan Africa, is proud to announce the successful closing of its latest fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), at $296 million….
mTek Partners with Kyosk.app and Fin Africa to Insure Over 100,000 Kenyan Dukas
January 24, 2023
Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance coverage to over 100,000 Kenyan dukas, or informal retail shops. This innovative partnership aims to address the underinsurance of the informal…
Kwara Neobank acquires IRNET and raises $3M in Seed Extension
January 17, 2023
Kwara, a Kenyan neobank, has announced the acquisition of IRNET, a software provider owned by the national body of credit unions in Kenya, the Kenyan Union of Savings and Credit Cooperatives (KUSCCO), and a seed…
Ventures Platform Closes a $46 Million Funding Round
December 16, 2022
Ventures Platform, has announced the final close of its early-stage and intercontinental fund, at $46M. Surpassing its initial $40M target, the oversubscribed fund from one of the continent’s most prolific investors sees new participation from…
Hisa App set to launch its fractional shares trading platform in Kenya
November 24, 2022
Investing the stock market has always seemed out of reach for most Kenyans. The process of getting started has always been tedious for most people. To get young people into this sector, there needs to…