Startups

Flutterwave receives payment aggregator licence approval-in-principle to expand to Mozambique

Flutterwave, one of Africa’s leading payment companies, has secured a Mozambique payment aggregator licence in principle. This high-profile licence enables…

1 year ago

Peleza merges with YC-backed Prembly to form Prembly Group

Kenyan identity management startup, Peleza has merged with YC-backed Prembly to form the Prembly Group. Both companies declined to provide…

1 year ago

Nigerian fintech startups could spend over $1 million on KYC address verification

Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses…

1 year ago

As it enters its third year, e-commerce enabler Sabi creates a lane of its own

In business, comparisons and generalizations are common and useful, but sometimes they ignore complexities. So with those generalizations aside, here’s…

1 year ago

Kenya data analytics startup Gro Intelligence shuts down

Months after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York…

1 year ago

Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa

Spiro, an India-based electric vehicle company, has signed a $50 million debt financing deal with Afreximbank to expand its offering…

1 year ago

Chipper Cash resumes US operations two months after pausing services

Chipper Cash, a pan-African fintech startup, has resumed operations in the US after a two-month pause, and after a restructuring…

1 year ago

Identity company, Seamfix, raises $4.5 million in first funding round to expand outside Nigeria

Seamfix, a 17-year-old identity solutions company, has raised $4.5 million in funding from Alitheia IDF, its first institutional investor as it…

1 year ago

Wave is Africa’s only startup on Y-Combinator’s list of top earners

For the second year running, Francophone fintech Wave is the only African company listed on Y-Combinator’s top 50 earning startups…

1 year ago

Exclusive: BuuPass acquires QuickBus, a bus ticketing platform, in a cash and stock deal

BuuPass, a Kenyan travel booking platform backed by Founders Factory Africa and FrontEnd Ventures, has acquired its Nigeria and South…

1 year ago

Exclusive: CBN directs four fintechs to stop onboarding new customers

Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank…

1 year ago

Exclusive: The Peer will return $350,000 to investors after shutting down

When The Peer, a Nigeria-based API startup, shut down in April, the business still had up to twenty months of…

1 year ago

Who calls the shots at Susa Ventures-backed Okra?

Okra, an open finance startup, is one of the few Nigerian API services that provides real-time access to financial data.…

2 years ago

Roam secures financing deal with Mogo to grow electric motorcycle adoption

Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost…

2 years ago

Who calls the shots at Sycamore?

Sycamore, a Nigerian fintech startup, offers loans for individuals and businesses, including salary and business loans. It also enables users…

2 years ago

Who calls the shots at the Tiger Global-backed Bamboo?

Bamboo is a Tiger Global-backed Nigerian investment startup that enables users to buy and trade US stocks in real-time from…

2 years ago

Who calls the shots at women-focused startup Herconomy?

Since its founding in 2021, Herconomy claims to have amassed over 10,000 active users. The startup is not just a…

2 years ago

Who calls the shots at TechStars-backed GetEquity?

GetEquity describes itself as a marketplace for investment products provided by investment managers globally. The TechStars-backed startup lets users pool…

2 years ago

Execution is King: How to avoid the top culprit of startup failure

This article was contributed to TechCabal by Catherine Young. Strategy sets the course for startups, but without team alignment and…

2 years ago

Nigerian neobank Kuda eyes global reach with new licenses

Kuda Microfinance Bank, the Target Global-backed neobank, has secured payment licences in Tanzania and Canada as part of an expansion…

2 years ago