Nigerian Fintech, LemFi, Raises $53 Million in Series B Funding
January 14, 2025
Nigerian fintech, LemFi, has raised $53 million in series B funding according to TechCrunch. This funding round was led by Left Lane Capital and saw the participation of Y Combinator. “We’ve kept our fraud rate extremely…
Applications Now Open for the 4th Edition of the Visa Africa Fintech Accelerator
January 7, 2025
Visa has officially opened applications for the 4th edition of the Visa Africa Fintech Accelerator. This is its biannual program that seeks to offer startups access to all the necessary tools, industry connections and mentorship…
PayMint Launches its First Prepaid Meeza Card in Collaboration with ADIB Egypt
January 6, 2025
PayMint, a leading financial technology company, has announced the approval from the Central Bank of Egypt to launch its first prepaid “Meeza” card in collaboration with Abu Dhabi Islamic Bank (ADIB) Egypt. This move is…
Village Capital Invests $150,000 in Two Women-Led Startups, Rhea and Regxta
January 6, 2025
Village Capital has announced the investment of $150,000 in two women-led startups, Rhea Soil Health Management (Rhea) and Regxta. This is facilitated through Standard Chartered’s Women in Tech Financing Facility that seeks to support alumni…
Uganda Ministry of Trade, Industry and Cooperatives Partners with Hindsight Ventures for NINJA Acceleration Program
January 2, 2025
The Uganda Ministry of Trade, Industry and Cooperatives has onboarded Hindsight Ventures as a program implementation partner under the support of JICA towards the NINJA Acceleration Program for growth-stage ventures from Uganda. The program is…
Proparco Invests $5 Million in Equator Africa Fund to Support Climate Tech Startups in Africa
December 19, 2024
Proparco has announced a USD 5 million investment in the Equator Africa Fund, through the FISEA+ facility. This climate-focused investment fund is committed to supporting early-stage African start-ups with innovative solutions to address climate challenges…
Cassava Technologies Closes a $90 Million Equity Investment Round
December 18, 2024
Cassava has announced the close of an equity investment round of $90 million with participation from U.S. International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation (Finnfund), and Google LLC. This funding is a…
Cynoia Named Best SaaS Startup at AfricArena 2024
December 17, 2024
Cynoia has been named Best SaaS Startup at the prestigious AfricArena Grand Summit 2024 in Cape Town. The summit, celebrating its seventh year as Africa’s premier tech ecosystem accelerator event, brought together over 100 startups…
Cauris Finance Secures $40 Million in Funding
December 16, 2024
Cauris Finance has announced the close of a $40 million debt facility with a U.S.-based institutional investor. This facility will enable Cauris to expand its efforts to support socially impactful African fintechs that provide essential…