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TradeDepot adds $10 million to add financial services to its supply chain services for African SMBs

TradeDepot adds million to add financial services to its supply chain services for African SMBs Nigeria’s e-commerce startup TradeDepot, which connects international brands to small businesses in Africa, has raised $10 million in a new round of funding to expand its business into financial services and credit offerings for retailers. First launched […]

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African payment startup Chipper Cash raises $13.8M Series A

African payment startup Chipper Cash raises .8M Series A African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally. The raise caps an event filled run for the San Francisco based payments company, founded two years […]

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Uber Africa launches Uber Cash with Flutterwave and explores EVs

Uber Africa launches Uber Cash with Flutterwave and explores EVs Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco based — Nigerian founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners […]

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Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M

Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises 0M Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline — were tapped by international interests. DHL acquired a […]

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Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis

Kenya’s Apollo Agriculture raises M Series A led by Anthemis Apollo Agriculture believes it can attain profits by helping Kenya’s smallholder farmers maximize theirs. That’s the mission of the Nairobi based startup that raised $6 million in Series A funding led by Anthemis. Founded in 2016, Apollo Agriculture offers a mobile based […]

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Novastar Ventures becomes $200M African VC fund after $108M raise

Novastar Ventures becomes 0M African VC fund after 8M raise African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total […]

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Nigeria’s Helium Health raises $10M Series A for Africa expansion

Nigeria’s Helium Health raises M Series A for Africa expansion Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke […]

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Africa Roundup: Africa’s tech ecosystem responds to COVID-19

Africa Roundup: Africa’s tech ecosystem responds to COVID-19 In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread. Early in March Africa’s coronavirus cases by country were in the single […]

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CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its social and economic impact. The Lagos and Nairobi based organization posted an open application on its website this week, CcHub […]

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A snapshot of the leading startups in Africa’s top VC markets

A snapshot of the leading startups in Africa’s top VC markets TechCrunch did a synopsis recently on Africa’s 2019 VC stats. Analyses from investment fund Partech and media outlets Disrupt Africa and WeeTracker came up with varied numbers, but there was a common trend: the top two countries for venture capital to […]

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