Umba
Acquisition Banking Funding

Digital Bank Umba Acquires Majority Stake in Daraja Microfinance Bank

Umba, a Nigerian digital bank, has acquired a majority stake in Daraja, a Kenyan microfinance bank, for an undisclosed amount.

Qwili
Funding Investment Startup Venture Capital

South Africa’s Qwili Secures $1.2m Seed Funding to Scale its Service Offerings

Qwili, a startup that provides a hybrid sales product to micro and small merchants in South Africa, has closed a

Ubenwa
Funding Startup Venture Capital

Ubenwa Receives $2.5m Backing to Help Parents Interprete Babies’ Cries

Ubenwa, a developer of diagnostic software for the rapid detection of medical anomalies in infant cry sounds, announced a $2.5

The Fashion Kingdom
Ecommerce Funding Investment Startup Venture Capital

Egypt’s The Fashion Kingdom Secures $2.6m Seed Funding Round

The Fashion Kingdom (TFK), an Egyptian fashion e-commerce marketplace, has completed a $2.6 million seed funding round co-led by CVentures

Cartona
Ecommerce Funding Investment Venture Capital

Egyptian B2B Ecommerce Platform, Cartona Secures $12m Funding Led by Silicon Badia

Cartona, an Egyptian B2B eCommerce platform, has secured a $12 million Series A investment led by Silicon Badia, together with

Bizao
Fintech Funding Investment Venture Capital

Cote d’Ivoire Fintech Startup Bizao, Secures $8.1m to Support Expansion Across Africa

Bizao, a fintech startup based in Cote d’Ivoire, has announced $8.1 million series A funding to accelerate its geographical footprint

Algebra Ventures
Venture Capital

FMO Announces $10m Commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, and Egyptian venture capital firm Algebra Ventures today announced the signing of a USD

Bloom
Fintech Funding Investment Venture Capital

YC-backed Sudanese Fintech Startup, Bloom Secures $6.5m Seed Round

Bloom, a Sudanese fintech startup, has raised a $6.5 million seed round from investors including Visa, Y Combinator, Global Founders

SOUTH AFRICA’S SMARTWAGE APPOINTS THAMSANQA MOYO AS ITS NEW CTO
Africa Funding Startup

Cathay AfricInvest Innovation Fund Complete Final Close of €110M

AfricInvest, a leading multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close

Cassava
Funding Investment Startup Technology Venture Capital

Cassava Technologies Announces $50m Strategic Investment From C5 Capital

Cassava Technologies, an African tech company, has announced that it has secured a US$50 million investment from C5 Capital (C5),