Fintech Funding Investment Startup

Egypt’s Paymob Secures $50m Series B Investment

Paymob, the Egyptian fintech startup, has raised $50 million funding led by PayPal Ventures, Kora Capital, and Clay Point. The

Fintech Funding Renewable Energy

Kenya’s M-KOPA Secures $75m Funding to Expand Platform for Underbanked

M-KOPA, the Kenyan pay-as-you-go energy services for off-grid customers, has raised $75 million in a growth equity round to expand

TLcom
Venture Capital

TLcom Secures First Close of $150mn Pan-African Tech Fund

TLcom, the Africa-focused venture capital firm, has announced a first close of $70mn for its $150mn Africa-focused tech fund.  With

TradeDepot
Funding

African Startups That Raised $100m and Above in 2021

The African startup ecosystem bounced back in 2021 to raise a mind-blowing $4 billion. Briter Bridges says the total 2020

Tyme
Funding Investment Payment Venture Capital

South African Neobank, TymeBank Raises $70m Series B Extension

Earlier this year,  South Africa Neobank, TymeBank secured a $110 million Series B funding from Apis Growth Fund II and the

TradeDepot
Ecommerce Funding Investment Venture Capital

Nigerian B2B eCommerce Startup TradeDepot Raises $110m Series B Investment

TradeDepot, a Nigerian B2B eCommerce startup, has raised a $110 million Series B in an equity and debt funding round

Venture Capital

Convergence Partners Announces First Close of its Third Fund at $120m to Drive Digital Inclusion in Africa

Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of

Ascent
Funding Venture Capital

African Private Equity Fund Manager Ascent Announces Close of Ascent Rift Valley Fund II

African private equity fund manager Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at

Funding

CardinalStone Capital Advisers Closes Maiden Private Equity Fund at $64m, Makes First Fund Investments

CardinalStone Capital Advisers (CCA), a Lagos-based private equity fund manager, has announced the final close of its maiden private equity

AVCA
Appointment

African Private Equity and VC Association (AVCA) Appoints New Chief Executive

The African Private Equity and Venture Capital Association (AVCA) has appointed Abi Mustapha-Maduakor as its new chief executive. She will