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Funding

YC-backed Curacel secures $3M seed to expand its insurance offering into North Africa

Nigeria-based insurtech, Curacel has secured a $3 million seed funding to expand its drive insurance experiences across Africa.

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Pade HCM lands $500k pre-seed to automate HR processes for African businesses

Nigerian HRTech company, Pade has secured $500,000 pre-seed in a round led by Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17

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Inside the card fraud that claimed $4M from Safaricom

Kenya's leading telco, Safaricom lost over $4 million in SIM card fraud on its lending platform, Fuliza loans in 2022. Suspects have been arrested by the Kenyan authorities.

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How to incorporate a startup in the US as a Non-citizen

Starting a business in the United States as a non-citizen or Nigerian can be an exciting and rewarding venture. With its large and diverse market, the US offers a wealth of opportunities for entrepreneurs to grow and succeed.

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Yodawy secures $16M Series B to drive e-pharmacy adoption in Africa

To drive e-pharmacy adoption in Africa and the Middle East, Yodawy has secured $16 million in a Series B round co-led by Delivery Hero Ventures and Global Ventures.

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Supreme Court suspends Nigeria’s demonetisation process

Following a lawsuit by three Northern governors challenging the Naira redesign, Nigeria's Supreme Court has temporarily halted the enforcement of the Feb. 10 Naira swap deadline.

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Flutterwave expands into North Africa

Nigerian fintech, Flutterwave has obtained payment services provider and payments facilitator licenses from the National Bank of Egypt.

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Nine months after launch, Hytch shuts down following failed fundraising attempt

Nigerian logistics startup, Hytch has shut down barely nine months after it commenced operations with a ride-hailing offering, then fulfilment.

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Zinox Technologies will supply digital assistants for Nigeria’s 2023 census

The Federal Government of Nigeria has awarded an ₦85 billion contract to Zinox Technologies to supply digital assistants for the 2023 national census.

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Egypt’s Gameball secures $3.5M seed to double down on its CRM offering

Egypt-based Gameball has closed a $3.5 million Seed round led by 500 Global, P1 Ventures and Launch Africa, to accelerate product commercialisation, accelerate enterprise customer acquisition and strategic hiring.

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Partech Africa II reaches oversubscribed first close at $262M

Doubling down on the success of its first pan-African fund, Partech has secured $262 million for the first close of its second Africa fund.

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