dLocal Set to Acquire AZA Finance to Expand Presence in Africa
June 3, 2025
dLocal has expressed interest in acquiring AZA Finance, a cross-border payments and foreign exchange platform in Africa. This acquisition is subject to regulatory approval. If you have a startup you want featured on TechArena, let…
AXIAN Telecom Now Owns 8% of JUMIA
June 2, 2025
AXIAN Telecom has formally revealed that it now beneficially owns 8.0% of the total shares of JUMIA Technologies. This was disclosed through a beneficial ownership report filing to the U.S. Securities and Exchange Commission (SEC)….
Twiga Foods to Cut Jobs as It Freezes Nairobi Operations
May 30, 2025
Twiga Foods plans to scale down its workforce and freeze operations in Nairobi, according to the Business Daily. The publication reports that the startup will pause operations in Nairobi for 60 days until August. During…
straitPay Raises £1M in Pre-Seed Round to Boost Financial Access Across Africa
May 28, 2025
straitPay has completed its pre-seed funding round, raising approximately £1 million. The new investment will accelerate straitPay’s mission to enhance financial connectivity throughout Africa and its diaspora whilst expanding into new markets. The funding round…
Bolt Awards €20,000 in Seed Funding to South African Entrepreneurs in First Accelerator Program
May 27, 2025
Bolt has concluded its first Accelerator Program in South Africa, awarding €20,000 (over R400,000) in funding to ten standout participants. The initiative marks a significant step in the company’s efforts to support entrepreneurial growth within…
Qualcomm Selects 10 Startups for 2025 Make in Africa Incubation Program
May 27, 2025
Qualcomm has announced the ten startups selected for the third edition of its Make in Africa startup incubation program. These are early-stage ventures, selected from over 435 applications spanning 19 countries. At the heart of…
13 African Startups Set to Pitch at Africa Tech Summit London
May 27, 2025
13 of Africa’s most promising tech startups are preparing to take the stage at the 9th edition of Africa Tech Summit London on June 6th at the London Stock Exchange. With a focus on unlocking…
Seven Women-Led Startups Among Mastercard Foundation’s 2025 EdTech Fellowship Cohort
May 23, 2025
The Mastercard Foundation EdTech Fellowship has unveiled its third cohort of 12 African innovators. Out of these, seven female-led startups stand out among the changemakers. The fellowship is delivered in partnership with iHUB Kenya and…
Thndr Raises $15.7M to Expand Investment Platform Across MENA
May 23, 2025
Thndr has raised an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a…