Nigerian financial management app for merchants Kippa bags $8.4M in new funding
Kippa, the Nigerian startup improving the lifecycle of small businesses across the country with its financial management and payments platform, has raised $8.4 million in an oversubscribed seed round.
Boopos adds to its small business M&A lending pot with new investment
The company is able to underwrite online businesses in less than 48 hours and provides facilities for funding up to 80% of an acquisition under a flexible, revenue-based schedule.
Paris-based Koolboks closes $2.5M seed round to scale solar refrigeration across Africa
The power grid supply in Africa is erratic and inconsistent, affecting rural and urban households and businesses. For restaurants or neighborhood stores dealing with perishables, frozen foods and beve
Fintech Guava raises $2.4M to provide banking services to Black small-business owners
Founded last year, Guava aims to reduce the racial wealth gap by providing financial services to Black small businesses.
Finli puts service-based business payment management in the palm of your hand
Finli’s platform was developed so owners could send invoices, look up customer information and check on payment status in between gigs.
Sava, a spend management platform for African businesses, gets $2M pre-seed backing
When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 millio
Onramp Funds accelerates e-commerce financing platform with $42M in equity, credit
The company provides working capital based on sales forecast data to resolve the shipping, fulfillment, advertising and inventory cost of goods for e-commerce sellers.
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
Fundid injects first funding into providing capital, credit for small businesses
Fundid has a three-pronged approach to simplifying access to capital for small businesses with fewer than 10 employees.
Slope brings on new CFO, customers, capital as it rises to offer businesses buy now, pay later
Its API technology can approve businesses for the BNPL in seconds so they can begin offering the installments.
Jobox is building a bridge between skilled labor, available work
Jobox connects companies with vetted professionals for home service jobs via a marketplace, thus eliminating the need for customers to vet professionals themselves.
Why I’m using a credit facility to grow my startup
For our business model, raising a credit facility to fund all of the spend for our customers made the most sense.
Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products
OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. The startup’s ne
Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa
Cash flow is a major pain point for small businesses in Africa. Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which researc
Fuzey takes in $4.5M to charge up its management tools for service-based businesses
The company's tools digitize for small businesses what was traditionally done manually and on paper, like invoices.
Nigeria’s Kippa gets $3.2M pre-seed for its small business finance management app
Millions of small businesses globally, especially in emerging markets, have stayed offline for the better part of the past decade. Due to that, most of them still rely on scribbles using pen and paper
Apple introduces device management solution aimed at small business
For many small businesses, trying to manage their employees’ Apple devices and keep them up-to-date is a huge challenge. These businesses tend to lack sophisticated IT departments, and when devi
Ventures Platform, Hustle Fund back Nigerian fintech Brass in $1.7M round
Small and medium enterprises make up more than 95% of all businesses in Nigeria. But despite their sheer size and importance, a majority of them are underserved by financial institutions and lack the
Is India’s BNPL 2.0 set to disrupt B2B?
A specific vertical of BNPL products is gaining traction: one targeted toward small and medium enterprises (SMEs), also known as "SME BNPL."
Why do the media always pit labor against capital?
There are abusive corporations, and we do need a better social safety net so that people aren’t at the mercy of the doctrine of shareholder primacy, but that truth disguises a more complicated reali