africa

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria-based venture, co-founded by Ukrainian entrepren

In this week's newsletter: Vroom nabs $254M, the Away scandal and "inevitable takedown of a female CEO" and American investment overseas.

After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group. The San Franicso-base

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian-focused p

In this week's newsletter: China's pivot to Africa, another big scooter funding and a new entry to the unicorn club.

Nigerian founder Sim Shagaya is back with a new startup —  uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, culture

Lime will become the first major micromobility operator to launch scooters in Africa. Early next year, Lime will roll out electric scooters in Cape Town, South Africa. Unlike its model in the U.S. and

AI training data provider Samasource has raised a $14.8 million Series A funding round led by Ridge Ventures. The San Francisco-headquartered company delivers Fortune 100 companies with the inputs the

Data from the U.S. government sure seems to indicate that the Earth is warming (despite what the current leadership may say). Apparently, the globe just experienced the second-hottest October ever rec

Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to sc

Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsi

Fintech startup Chaka aims to open up online investing to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians s

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of

Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the mos

African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nige

Nigerian internet service provider Tizeti has launched its first 4G LTE network. The Y Combinator-backed startup — which uses solar-powered towers to deliver net connectivity — has built its premi

Senegalese startup NIMA Codes — a digital mapping service for locations without formal addresses — has upgraded its app and plans to go live in 15 African countries in 2020. The pre-seed stage sta

Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including

With CcHub‘s acquisition of iHub in September, Nigerian Bosun Tijani is at the helm of (arguably) the largest tech network in Africa. He is now CEO of both organizations, including their robust

In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second-quarter results, the downside of which included some negative news beyond losses. The A