Spiro raises $215M to scale Africa’s largest battery-swapping network

Spiro has secured a $215 million equity round from Impact Fund Denmark and Equitane to expand its battery-swapping infrastructure, manufacturing operations, and electric vehicle fleet across Africa.

Stablecoins dominate as African startups raise $53 million in May

African startups raised $228 million in May 2026, but $175 million came from Paymentology. Excluding that deal, startups raised just $53 million, making May the slowest funding month of the year. Three stablecoin infrastructure companies accounted for roughly 70% of all disclosed venture activity.

Ten years after Paystack: what Y Combinator’s African portfolio looks like

Ten years after Paystack joined Y Combinator, the accelerator’s African portfolio reveals a story of fintech dominance, concentrated funding, and an ecosystem gradually building alternatives to Silicon Valley validation.

When does Africa actually take back its independence?

Borderless and African Angel Academy have launched a partnership to help African diaspora investors learn, organize, and collectively invest in African startups.

Recap: How to secure alternative financing for your business in 2026

As debt financing overtakes equity in Africa’s startup ecosystem, founders are rethinking how to fund growth. Here’s what operators and investors say about securing alternative financing in 2026.

South Africa’s $507M equity market and its silent key players

South Africa's leading equity deals market is powered by silent and dedicated VC firms

81 African startups from the 2022 seed class are yet to raise a Series A — Condia has the named list

Condia's State of Startup Funding in Africa report finds equity funding recovered to $1.55 billion in 2025, but the seed pipeline that feeds future growth has contracted by 60% since 2022.

BFREE closes growth round to acquire non-performing loans across Africa

BFREE has raised an undisclosed growth round led by AfricInvest to scale its acquisition of non-performing loans across Africa, positioning itself as critical credit market infrastructure.

Ghana startups Rivia Clinics, VDL Fulfilment raise $350K from Village Capital

Ghana startups Rivia Clinics and VDL Fulfilment have raised a combined $350,000 from Village Capital to scale healthcare and logistics solutions

Shiprazor raises $2.65M seed to fix South Africa’s fragmented logistics

Shiprazor raises $2.65M in a seed round led by Norrsken22 to streamline logistics for South African e-commerce merchants and reduce failed deliveries.

TLG Capital closes $5 million credit facility for Zambian SME lender Shona Capital

TLG Capital has provided a $5 million credit facility to Shona Capital Zambia to scale SME lending and address financing gaps in the country.

Madica invests $600K in Kilimo Fresh, Hakimu, Biovana pre-seed round

Madica invests $200,000 each in Kilimo Fresh, Hakimu, and Biovana, expanding its African startup portfolio and launching a pre-seed fundraising guide.