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Funding Tracker

Releaf secures $3.3 million pre-series A, launches Kraken II and SITE

Nigerian agritech, Releaf has secured $3.3 million pre-series A funding and has launched two new technologies to drive profitability for consumer goods manufacturers

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BioNTech acquired Tunis-born AI startup, InstaDeep for $680 million

The acquisition of InstaDeep supports BioNTech’s strategy to build world-leading capabilities in AI-driven drug discovery.

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Cowry Card set to power payments for Lagos’ intra-city railways

Cowry Card, by Nigerian YC-backed fintech company—Touch and Pay, will power payments for Lagos State's intra-city railway system.

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CBN increases cash withdrawal limit to ₦500K weekly for individuals

The Central Bank of Nigeria has revised weekly cash withdrawal limits to ₦500, 000, ₦5 million for individuals, corporates

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Visa Everywhere Initiative will launch in Kenya in 2023

In 2023, a global payments company, Visa will launch the Kenyan edition of Visa Everywhere Initiative (VEI) and She's Next—a women’s empowerment program.

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ARM Labs Lagos Techstars Accelerator appoints Oyin Solebo as Managing Director

ARM Labs Lagos Techstars Accelerator has appointed Movemeback co-Founder Oyin Solebo as Managing Director.

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BD Insider: Facebook’s algorithm fuelled the Ethiopia civil war?

In BD Insider, Letter 142, we examine Facebook's alleged role in Ethiopia's civil war and why Wise suspended Ghana cedi transfers.

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Ventures Platform closes $46 million pan-African fund

Ventures Platform today announced the final close of its Pan-African Fund at $46 million.

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Why ARCON is coming after digital content creators in Nigeria

Nigeria's advertising regulator, ARCON has mandated digital creators to request permission before advertising products and services.

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Visa wants to invest $1 billion in Africa by 2027

CEO of Visa, Al Kelly has disclosed that the digital payments company will invest $1 billion in Africa by 2027.

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The most streamed Nigerian songs on Spotify in 2022

At the 2022 edition of Wrapped, Burna Boy’s track ‘It's Plenty’ was announced as the most streamed Nigerian song on Spotify.

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Taeillo secures a $2.5M expansion fund from Aruwa Capital

Aruwa Capital has invested a $2.5 million expansion fund into Taeillo, an African female-led local furniture manufacturer.

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