Africa

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  • December 9, 2021
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As many edtech companies benefited from the disruption of the pandemic, attracting wads of cash from investors globally, it did feel like African startups were left out. Well, not anymore: Two-year-old startup uLesson announced today that it closed a $15 million Series B round. The investment, which comes 11 months after uLesson raised a $7.5 […]
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  • December 9, 2021
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Buy now, pay later (BNPL) offerings have existed for a long time, but increased in popularity as the pandemic made more people shop online and conserve cash. Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as South Africa and Egypt, […]
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  • December 9, 2021
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The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. The startup’s trajectory has been steep, as its clientele shot up from two to 50 in just over two […]
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  • December 8, 2021
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E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was founded. Roll-up plays are generally known […]
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  • December 8, 2021
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Minly, a MENA-based media and entertainment startup, announced today that it has acquired Oulo, a Dubai-based celebrity shoutout platform, for an undisclosed fee. The acquisition is coming six months after Minly raised a $3.6 million seed round and off the back of an impressive year of growth that saw the platform — which connects fans […]
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  • December 8, 2021
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Bento, Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next […]
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  • December 8, 2021
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CinetPay, a payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa, has secured $2.4 million in seed funding. Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. CinetPay is their […]
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  • December 8, 2021
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A few years ago, at the start of the fintech services boom in Africa, Oliver Blantern got an opportunity to work in the continent offering advisory services to high-growth startups. For slightly over three years his company, Riverhouse Technology, helped the emerging tech firms in talent sourcing and acquisition. The trained lawyer did all this […]
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  • December 7, 2021
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The African tech scene woke up today to exciting news about the landmark acquisition of MainOne, one of the region’s most important and pivotal tech companies in the past decade, by Equinix, a U.S. multinational specializing in internet connection data centers. The story of MainOne starts with founder and CEO Funke Opeke moving back to […]
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  • December 7, 2021
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In the past one decade, numerous mobile lending apps have been launched in Kenya riding on the growing need for quick loans. However, these startups have been operating in an unregulated environment until today when the country’s president, Uhuru Kenyatta, approved a new law that gives the country’s monetary authority, the Central Bank of Kenya […]