Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

Smile Identity, a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve, a Ghanaian developer of identi

Meta can be sued in Kenya over alleged unlawful layoffs and blacklisting of moderators, court rules

A Kenyan court has ruled that Meta can be sued in the East African country over alleged unlawful sacking and blacklisting of content moderators, and dismissed the social media giant’s application th

Senegal’s logistics tech startup Chargel raises $2.5M seed funding

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon b

Capital crunch shines a light on the importance of founders’ mental health, investors say

In recent years, calling oneself a startup founder was certainly seen as a flex. For those who wielded that role or the coveted CEO position, you were likely to be placed on a pedestal or be viewed as

African climate startups set to gain ground as VC funding shifts their way

There are signs that funding for climate tech startups will persist in the near term as new funds emerge in Africa.

Meta’s content review in Africa in limbo as moderation partners decry court restrictions

Meta’s main content review partners in Africa have been restrained from offering moderation services to the social media giant, and it is unclear who is currently reviewing its platforms in sub-Saha

Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa

Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Ke

Verto claims a quarter of SVB customers operating in Africa are opening accounts on its platform

Verto, a London-based B2B cross-border foreign exchange (FX) and payments enabler for startups and small businesses, said it has acquired a quarter of Silicon Valley Bank (SVB) customers from Africa a

Equator secures $40M in commitments for fund targeting climate tech startups in Africa

Africa contributes less than 3% of the world’s energy-related carbon dioxide emissions but the continent will be one of the most impacted by the adverse effects of climate change. Some explanations

DFC invests $25M in Novastar’s Africa People + Planet Fund

The U.S International Development Finance Corporation (DFC) has made equity investment to the tune of $25 million in a new fund by Pan-African venture capital firm Novastar Ventures, to back founders

Shuttlers raises $4M to fuel its shared mobility solution across Nigeria

Shuttlers, a Nigerian shared mobility company that allows individual and corporate passengers to take rides on multiple bus routes via an app, has raised $4 million in a new funding round led by Verod

Oxfam Novib and Goodwell target East African startups with €20M Pepea fund

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7 million) fund, to provide financing to early-stage

After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Nine months after Union54 encountered overwhelming chargeback fraud that made it shut down temporarily, its CEO shares some lessons.

Payday wants to power the future of work for Africa with $3M seed led by Moniepoint Inc

Payday, a Techstars-backed neobank issuing global accounts to Africans and the diaspora, has raised funding in a round led by African soonicorn Moniepoint.

Meta disputes it can be sued in Kenya, again

A Kenyan court has today upheld interim orders issued last week temporarily barring Meta from engaging its new content moderation subcontractor, Majorel, pending determination if the social media gian

Techstars-backed Fez Delivery gets funding to scale its last-mile logistics platform

Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ve

Google removes hundreds of Kenya-focused loan apps from Play Store

Google has taken down hundreds of loan apps from the Play Store in Kenya since its new policy, which requires digital lenders in the East African country to submit proof of license, went into effect i

Rwazi to scale its market intelligence platform backed by $4 million seed funding

Rwazi provides market insights backed by verified data collected directly from consumers, who use a web or mobile app to log their purchases.

Meta barred by Kenyan court from engaging its new content moderation partner

Meta has been temporarily barred by a Kenyan court from engaging its new content moderation subcontractor, Majorel, pending the hearing of a new case, filed by 43 content moderators yesterday over ill

Meta faces third lawsuit in Kenya as moderators claim illegal sacking, blacklisting

Social media giant Meta and its Kenya-based content moderation partners, Sama and Majorel, are facing a new lawsuit in Kenya. In a petition filed today, 43 content moderators allege “unlawful termin
Load More