Tag: africa
Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as…
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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation
Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. Wave, a U.S. and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. The investment…
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Nigeria’s Autochek acquires Cheki Kenya and Uganda from ROAM Africa
Nigerian automotive tech company Autochek today is announcing the acquisition of Cheki Kenya and Uganda from Ringier One Africa Media (ROAM) for an undisclosed amount. Per a statement, Autochek will finalize the deal in the coming weeks. With the acquisition, Autochek completes its expansion into East Africa and follows the…
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Zip acquisition of Payflex means Africa is ripe for BNPL disruption
Australian buy now, pay later (BNPL) company Zip this week acquired South Africa-based BNPL player Payflex for an undisclosed amount. It’s a piece of news that once again highlights the hype around BNPL services and the quest for global dominance among the leading players. This year we have covered BNPL…
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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. It’s literally a no-brainer. The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for…
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Jolla hits profitability ahead of turning ten, eyes growth beyond mobile
A milestone for Jolla, the Finnish startup behind the Sailfish OS — which formed, almost a decade ago, when a band of Nokia staffers left to keep the torch burning for a mobile linux-based alternative to Google’s Android — today it’s announcing hitting profitability. The mobile OS licensing startup describes…
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