Google AI Accelerator backs Famasi and 10 other African startups

Google has selected 11 African startups for the first cohort of its “Google for Startups Accelerator: AI First” programme.

BD Insider 198: VFD goes public on Nigerian Exchange

VFD has received approval to list its shares on the Nigerian Exchange Limited. We also cover the launch of Paystack's virtual terminal.

Exclusive: Troubled Ghanaian fintech, Dash set to lay off 50% of its staff

Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.

Stears transitions to B2B, launches intelligence solutions for businesses

Pan-African data and intelligence company, Stears today announced its transition from B2C to B2B. The company has also launched intelligence solutions for businesses and professionals.

South African fintech, Stitch secures $25 million Series A extension

Stitch has secured a $25 million Series A extension in a round led by Ribbit Capital. The funds will be used to further develop its all-encompassing payment solutions.

BD Insider 197: Nigerian Police ask residents to be wary of dating sites

Important warning: Nigerian Police urges caution on dating sites. Also, insights on Kenya's PAPSS membership and MTN's remittance play in South Africa.

BD Insider 196: Techstars Toronto backs 10 African startups in 2023 summer cohort

10 African startups selected for Techstars Toronto's 2023 summer cohort. We also curated other noteworthy information including opportunities for African founders and Nigerian SMEs.

Africa accounts for 40% of Techstars Toronto’s investment portfolio

In the last six years, Techstars Toronto has made 100 investments in startups across the globe. 40 of these investments are in Africa.

South African insurtech startup, Root secures $1.5M to fuel UK and European expansion

Root has secured $1.5 million in additional funding to drive its UK and European growth plans.

South African fintech, Revio raised a $5.2M seed to enhance payment solutions in Africa

Revio, a South African fintech startup specialising in payment orchestration, has successfully secured $5.2 million in seed funding to advance its efforts in simplifying and optimising payment processes across the African continent

Enza Capital secures $58 million to back African tech startups

Enza Capital has closed a $58 million funding round across two funds. The VC firm has also launched its partner program for startup founders.

Twiga Foods faces a liquidation threat over $263,691 debt

Incentro Africa has filed insolvency against Kenyan agritech startup, Twiga Foods for its failure to remit KES 39 million ($263,691).