Small Business - Content Krush

September 2, 2024014

Kenyan e-commerce startup Chpter raises $1.2 million in pre-seed round

Chpter was accepted into two accelerator programs before closing this pre-seed deal. Chpter, a Kenyan e-commerce startup launched by co-founders of Y

August 29, 2024021

Electric motorcycle maker Ampersand raises $2 million to expand in East Africa

Ampersand, a Rwandan electric motorcycle manufacturer, has raised a $2 million Series A extension to expand to other East African countries. It brings

August 28, 2024020

End of load shedding tests South Africa’s solar industry

It’s been 151 days since South Africa experienced load shedding, a deliberate rationing of electricity supply to prevent failure of the entire system.

August 27, 2024018

Raenest, Leatherback, Vesti, and Graph pitch themselves to African founders as Mercury alternatives

African fintechs that help companies access banking services in the U.S. and Canada are wooing founders affected by Mercury’s abrupt compliance change

August 24, 2024029

Exclusive: TymeBank to launch in Indonesia as it continues Southeast Asia focus

TymeBank, the South African digital bank with R4 billion ($222 million) in customer deposits, will launch in Indonesia by the end of 2024. It is the b

August 21, 2024038

Zone, NIBSS partner to use blockchain to record POS payments

Zone, a Nigerian blockchain-enabled payments infrastructure, has partnered with the Nigerian Inter-Bank Settlement Scheme (NIBSS) to introduce blockch

August 21, 2024037

PrivPay shutdown after Safaricom cut API access over compliance violations

PrivPay, a Kenyan fintech that allowed customers to make M-PESA transactions without revealing their personal details, shut down in May 2023 after Saf

August 13, 20240231

Kuda, the Target Global-backed challenger bank, tripled revenue to $22 million in 2022

Kuda, the Nigeria-focused neobank backed by Target Global, tripled its revenue, according to its latest audited financial statements filed with U.K. r

August 13, 20240182

Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary

E-commerce giant Jumia appointed Anthony Mbagwu as the managing director of its Nigerian fintech arm, JumiaPay. Mbagwu joins JumiaPay from rival finte

August 9, 20240582

Exclusive: Hohm Energy in financial distress months after $8m raise

Hohm Energy, the South African solar company that announced a $8 million seed round in February, is currently not operational due to cash flow problem

August 6, 20240355

Mobius, maker of low-priced SUVs for startups, to shutdown

Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has entered a voluntary liquidation after efforts to rescue the company for nearly

July 16, 20240487

A profitable union: How banking agents helped OPay and Moniepoint distribute 17 million cards

Nigerian neobanks and banking agents need each other. The agents are the neobanks’ branches; they open accounts, accept deposits, process withdrawals,

July 16, 20240373

Food delivery apps are saving $100,000 yearly by choosing cheap communication apps

Margins are slim in the food delivery business. Whether it’s a cloud kitchen like Food Court, a restaurant aggregator platform like Chowdeck, or a res

July 11, 20240451

Exclusive: How a six-week freeze on customer onboarding slowed card demand for OPay and Moniepoint

In April, Nigeria’s central bank barred fintechs from onboarding new customers for six weeks. In that period, two of Nigeria’s biggest fintechs—Opay a

July 9, 20240202

Mastercard Foundation conference spotlights Africa’s edtech startups

Investor interest in African education technology (edtech) has cooled since the end of the COVID-19 pandemic lockdowns highlighted how technology aids

July 6, 20240188

Kenya to issue payment licences: Flutterwave, Chipper Cash could be first in line

The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an earlier stance that will open u

July 6, 2024062

Safaricom and Pezesha launch new loan service for small businesses

Safaricom, Kenya’s top mobile network, has picked Pezesha, a digital lender, to provide credit to small business owners, which will add to the telco’s

July 5, 2024066

Tiger Global-backed Minka is the latest LATAM fintech to set up shop in Africa

In recent years, a handful of Latin American fintechs have made inroads into Africa to tap into its growing digital payments market. The latest entran

July 5, 2024044

Exclusive: Caantin expands into US after two rebrands and layoffs

Caantin, the Kenyan startup that was formerly called Kibanda and then TopUpMama, has led many lives. Backed by Ventures Platform and DFS Labs, Kibanda