Jake Bright

Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.

The Latest from Jake Bright

Transsion’s Future Hub and Kenya’s Wapi Capital partner on Africa fund

Transsion Future Hub, a subsidiary of Chinese mobile-phone and device maker Transsion, is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquarte

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — wit

Zindi rallies Africa’s data scientists to crowd-solve local problems

Zindi is convening Africa’s data scientists to create AI solutions for complex problems. Founded in 2018, the Cape Town-based startup allows companies, NGOs or government institutions to host online

Africa’s top mobile phone seller Transsion to list in Chinese IPO

Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market, Transsion confirmed to TechCrunch. The company — which has a robust Africa sales network — coul

Africa Roundup: Canal+ acquires ROK, Flutterwave and Alipay partner, OPay raises $50M

In July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv. Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the deal.

Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses

Nairobi-based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring Wi-Fi and online entertainment to on-demand bus service in Kenya. BRCK will install

Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company obtained a

Flutterwave and Alipay partner on payments between Africa and China

San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. Flutterwave is a Nige

Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—w

VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsid

Inside Harley-Davidson’s EV shift with a ride on its LiveWire

Harley-Davidson will release its first production electric motorcycle, the LiveWire, in September. Yes, the American symbol for internal combustion, chrome and steel is going all-in on two-wheeled EVs

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010 — and backed by $45 million  in VC — IROKOtv b

Opera founded startup OPay raises $50M for mobile finance in Nigeria

OPay, an Africa-focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding. Lead investors include Sequoia China, IDG Capital and Source Code Capital

InDriver launches ride-hail app in fourth African country, Uganda

Global ride-hail startup InDriver launches its app-based service in Kampala (Uganda) this week. After going live in Nairobi in June, the online taxi company now operates in four African countries: Ken

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June w

Founders Factory Africa and Netcare to fund 35 health-tech startups

Founders Factory Africa and South African healthcare company Netcare will select 35 African health-tech startups for an acceleration and incubation program. The partnership includes an investment (of

South African SME finance startup Lulalend raises $6.5M Series A

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses an online application process and internal credit metri

African fintech dominates Catalyst Fund’s 2019 startup cohort

African fintech has taken center stage for the Catalyst Fund, a JP Morgan Chase and Bill & Melinda Gates Foundation-backed accelerator that provides mentorship and non-equity funding to emerging m

Ethiopia’s bid to become an African startup hub hinges on connectivity

Ethiopia is flexing its ambitions to become Africa’s next startup hub. The country of 105 million with the continent’s seventh largest economy is revamping government policies, firing up angel net

MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation from Japanese manufacturer Yamaha. Based in Lagos, the company’s app
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