Startups
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Pivo, Nigerian Fintech Startup, Shuts Down Amidst Funding Challenges
Pivo, a Nigerian fintech startup that had raised over $2.6 million in funding, has ceased operations. The company, which provided banking services to small supply…
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Kenyan Startup Tappi Secures $1.5 Million Pre-Seed Funding to Empower SMEsÂ
Tappi has raised $1.5 million in a pre-seed funding round. Led by Mercy Corps Ventures and Chui Ventures, the investment will fuel Tappi’s expansion across…
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Mastercard Africa Growth Fund Invests $27 million in Three Africa-Focused Investment Firms
The Mastercard Africa Growth Fund has approved investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund. These investments totaling $27 million…
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Nigeria-based commodities startup AFEX raises $26.5M from BII to support smallholder farmers and improve food security in Africa
AFEX, a Nigeria-based commodities platform that enables efficient trade for commodities in Africa, has raised $26.5 million in funding from British International Investment (BII), the…
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Maisha Meds Receives $5.25 Million in Funding to Scale Up Malaria Care in Africa
Maisha Meds, a Kenyan digital health company, has received $5.25 million in funding from USAID to scale up its malaria care program in Africa. Maisha…
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African Fintech Startups Raise Over $1 Billion in Funding in Q3 2023
African fintech startups raised over $1 billion in funding in Q3 2023, according to a report by Partech Africa. This represents a 150% increase from…
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Insurtech Startup Inclusivity Solutions Secures $1.5 Million Extension Round to Expand to 12 African Markets by 2024
Inclusivity Solutions, an insurtech startup that delivers embedded insurance solutions into platforms and services that consumers already use, has secured a $1.5 million extension round…
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Tunisian Fintech My Easy Transfer Raises $423K to Simplify Money Transfers and Expand Services
 Tunisian fintech My Easy Transfer has raised $423,000 from 216 Capital, a venture capital firm investing in early-stage startups in Tunisia. The funding will help…
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Bitnob Leads the Way in Fintech Innovation with UMA Integration
Bitnob, a leading fintech company in Africa, has announced its integration with Universal Money Address (UMA), a revolutionary payment protocol that enables 24/7 transactions in…
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Nigerian Fintech Startup Vella Finance shifts from Crypto to SME Banking to Drive Financial Inclusion and Growth
Nigerian fintech startup Vella Finance is pivoting from crypto to SME banking, ceasing all cryptocurrency services on October 30th. The move comes just over a…
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