Africa Roundup: Uber says it’s staying, Konga could be epic startup fail

Despite exit rumors and quitting Morocco, Uber is staying in Africa, according to its General Manager for Sub-Saharan Africa, Alon Lits. Speculation Uber could leave the continent surfaced late last

Global tech firms and investors are reshaping Latin America’s startup environment

Julie Ruvolo Contributor Julie Ruvolo, a former writer for TechCrunch, is the head of editorial content for the Latin American Private Equity and Venture Capital Association. More posts by this contri

Want to learn about African immigrants? Mr. President, meet Africa’s tech sector

President Trump’s comments about immigrants coming from “shithole” countries are continuing to stir up a shitstorm internationally. And while the language itself is bad enough, the president and

A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships an

Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market

After 12 years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business aroun

Naspers, Innova Capital invest $82 million more for Movile’s iFood delivery business

Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile -- primarily to increase Movile's s

Brainly raises $14 million for its Quora-for-kids education tech

It may not be as cool as Elon Musk building a rocket ship to Mars, but every day 100 million kids ages 12 to 18 are using Brainly to ask and answer homework questions. That simple service, at that mas

Naspers invests another $775M in food take-out giant Delivery Hero

Naspers, the South African media and internet giant, has upped its stake in Delivery Hero, the Berlin based food-delivery giant that went public earlier this year and has a market cap of $6.8 billion

Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor

With $53 million in new funding, Movile looks to become the Tencent of Latin America

With its Rappido subsidiary looking to become a marketplace for all sorts of online and delivery services, Movile is moving further along in its mission to become the Tencent of Latin America. Given i

Delivery Hero’s valuation surpasses $5B following successful IPO

Delivery Hero’s valuation topped $5 billion after the food delivery firm went public in a listing on the Frankfurt stock exchange. The listing, announced earlier this month, came at a €25.50

Naspers gobbles up another food delivery startup with $80M round for Swiggy

Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy.

Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population

Prolific investment firm Naspers is making a push into bitcoin and financial services after it backed Philippines-based startup to the tune of $5 million. Coins is focused on offering financi

Naspers invests €387M in European food delivery business Delivery Hero

Continuing its massive spending spree in Europe, the global technology and media investment conglomerate, <a target="_blank" href="" rel="noopener noreferrer">Naspers</a>, has i

Kreditech raises €110M from Naspers’ PayU in strategic financing partnership

Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another ro

Naspers sells Polish eBay rival Allegro to Permira consortium for $3.3B

Earlier this year, it was reported that Naspers, the media and internet holding company, was planning to sell off Allegro, its online auction business based in Poland, and today the deal finally came

Movile’s Latin American delivery business, Rappido, is now picking up in Mexico

Brazil's biggest app developer, Movile, is taking its on-demand delivery service into the Mexican market through a joint venture with Grupo ampm. The deal will cement Rappido's position as the largest

Codecademy, the free online coding school, raises another $30M led by Naspers

Codecademy, an online coding school with 16 million registered users, has built out its footprint without charging its students a penny to use it. Now, as more questions arise about how and when the

Africa Roundup: UPS Enters Drone Space, Uber Tests Cash, Facebook Offers Free Internet in Nigeria

More big U.S. corporate names are entering Africa’s tech space and testing new models there. UPS took its first steps in the African drone delivery space teaming up with San Francisco startup Zip

The fintech world beyond Silicon Valley and Europe: Emerging market contenders

According to a recent study by Accenture, investments in fintech hit $5.3 billion in the first quarter of this year (having grown 75 percent in 2015, exceeding $22 billion). These are staggering figur
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