Lori Systems

Sokowatch raises $14M to digitize Africa’s informal B2B supply-chain

Kenya based B2B e-commerce startup Sokowatch has raised $14 million in Series A funding toward its mission of revamping supply-chain markets for Africa’s informal retailers. From Nairobi, the compan

Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises, Flutterwave’s $35M and Sendy’s $20M

The first month of the new year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from Nigeria — Africa’s most populous nation with

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million-dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehic

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized th

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

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

Startups Weekly: Chinese investors double down on African startups

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

PalmPay launches in Nigeria on $40M round led by China’s Transsion

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

African logistics startup Lori Systems raises Series A led by Chinese investors

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 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

Y Combinator-backed Trella brings transparency to Egypt’s trucking and shipping industry

Y Combinator has become one of the key ways that startups from emerging markets get the attention of American investors. And arguably no clutch of companies has benefited more from Y Combinator’

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures — co

Nigerian logistics startup Kobo360 raises $6M, expands in Africa

Nigerian trucking logistics startup Kobo360 has raised $6 million to upgrade its platform and expand operations to Ghana, Togo and Cote D’Ivoire.

Lori Systems is launching a service with the Kenyan government for last-mile haulage from railroads

For Lori Systems chief executive and co-founder Josh Sandler, deals like the one between his company and the Kenyan government to solve last-mile solutions around the national railroad are about far m

Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million

When Nigerian logistics startup Kobo360 interviewed for Y Combinator’s 2018 cohort, a question stood out to founder Obi Ozor. “What’s holding you back from becoming a unicorn?," they asked. "M

Lori Systems wins Best of Show at Startup Battlefield Africa

At the very beginning, there were 15 startups coming from all around Africa. After an incredibly fierce competition in Nairobi, Kenya, here are the winners of TechCrunch's first ever Startup Battlefie