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…
Tanzania’s Softaware Company, Ramani, Raises $32M in Series A Funding round
November 24, 2022
Tanzania’s fintech company, Ramani, has today announced the close of its $32million series A round of equity & debt. The round was led by renowned global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared…
Flourish Ventures Launches Africa-Focused Pre-Seed Investment Platform Madica
October 24, 2022
Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, today announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology companies in Africa. Aiming to serve mission-driven and…
Purple Elephant Ventures closes $1m pre-seed round to supercharge responsible tourism in Africa
October 10, 2022
Purple Elephant Ventures (PEV) has announced that it has closed a pre-seed round of $1M USD from a group of well-known global investors. Tourism, Africa’s third-largest industry and employer of tens of millions across the…
SweepSouth completes a Ksh 1.3 Billion investment round led by Alitheia IDF
September 28, 2022
SweepSouth today announced that it has completed an US$11m investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund. The size of the round, which is SweepSouth’s largest to date,…
Insuretech firm, Turaco, raises over Ksh 1 Billion in funding to help drive insurance adoption among low-income earners
September 15, 2022
Insuretech firm, Turaco, has today announced that it has closed a series A equity round that has seen it raise $ 10 million (over 1 billion shillings). This round was led by AfricInvest, via the…