africa

As the head of Helios’ new VC arm, Wale Ayeni sees value in frontier markets

Wale Ayeni, one of Africa’s well-known investors, has a new role as the head of Helios Digital Ventures, the venture capital strategy of private equity firm Helios Investment Partners, TechCrunch ha

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it

Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth

Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually be

Uber hits 1 billion rides in Africa

  Uber today announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10 billion kilometres in terms of distance cover

South Africa’s edtech FoondaMate eyes speedy takeoff after $2M funding

South African edtech startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, the U.K.-based venture capital firm, to drive uptake of its WhatsApp and Facebook-based learni

Ex-Uber executive reveals how driver earnings were slashed in Kenya

New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers agai

Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is

How Untapped Global plans to bring the revenue financing model to African startups

In the developed world, almost anyone can get financing for, say, a car lease. But in an emerging economy like South Africa, the only people who own cars or can even get a car lease are the people who

Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

Victory Farms, an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman,

IROKO co-founder Bastian Gotter raises $3.2M seed for new venture, Bamba

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotte

The e-commerce boom is still afoot in Africa, Jumia’s earnings indicate

Jumia, the pan-African e-commerce company (and sole tech company based on the continent listed on the NYSE), released its first-quarter financial performance today. The company’s results include

CarePoint raises $10M to spread healthcare tech across Africa

CarePoint, a technology-driven healthcare startup, has raised a $10 million bridge round to accelerate its growth across Africa as it seeks to make healthcare accessible to the masses. The startup rec

Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent hav

Twiga starts commercial farming, looking to guarantee quality, sustain supply

Twiga, a B2B e-commerce food distribution platform, has today announced the launch of its new subsidiary, Twiga Fresh, through which it will farm and distribute its own agricultural produce to traders

How close are we to understanding what’s going on?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers and nuance behind the headlines. This week we recorded live, which is always good fun,

Daily Crunch: Key Twitter executives depart following Elon Musk ownership deal

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

TopUp Mama looking to solve sourcing challenges for restaurants

Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small restaurants and food vendors in emerging markets. These are some of the pain-p

Interswitch receives $110M investment from LeapFrog and Tana Africa Capital

African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent, the two p

MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region’s crypto usage grew

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

  Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially
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