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Funding Tracker

Stears raises $3.3 million Seed to build African data company

Stears, a subscription-based financial data and intelligence company, announces its $3.3 million Seed round. The round was led by MaC Venture Capital with participation from Serena Ventures, Omidyar's Luminate Fund and others.

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How Nguvu Health and AXA Mansard want to enable affordable mental healthcare

Nguvu Health and AXA Mansard have entered a two-year partnership to drive affordable mental healthcare in Africa.

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Meet the 7 African startups shaping the future of B2B and B2C financial services

7 African Fintech Startups make CB Insights annual global list of 250 most promising private fintech companies

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Lipa Later and Lami Tech partner to offer credit insurance via BNPL in Africa

Lipa Later Group has partnered with Lami Technologies to offer its consumers affordable credit insurance for products purchased through the BNPL platform

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Within two months, Kenyan startup, Sendy reduces its workforce by 30%

Economic downturn is hitting African startups hard, Sendy has laid off 20% of its employees—its second layoff within two months.

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South African fintech, Ukheshe appoints Lee Ziervogel as COO

Ukheshe has appointed its former President of Customer Delivery and Success, Lee Ziervogel as Chief Operating Officer.

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Google launches its first African cloud region in South Africa

Google has launched its first African cloud region in South Africa, the region is now part of Google's 35 cloud regions and 106 zones globally.

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Why is Nigeria’s advertising council suing Meta—Facebook’s parent company

The Advertising Regulatory Council of Nigeria (ARCON) has sued Meta Platforms for ₦30 billion over the loss of revenue and violation of laws.

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Spleet secures $2.6M seed to scale its residential rent-focused products in Africa

Nigerian proptech, Spleet has secured a $2.6 million seed to scale its residential rent-focused products across Africa.

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How Meta, Twitter and TikTok are preparing for the 2022 Kenyan General Elections

Social media companies including Facebook, Twitter and TikTok have been modifying their platforms to avoid the spread of misinformation.

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Kaduna to host economic and investment summit in the Metaverse

The Kaduna Investment Promotion Agency has disclosed that the Kaduna Investment Summit will also hold in the Metaverse.

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Kenyan e-commerce startup, Sky.Garden is in talks with investors to avoid closure

One year after raising a $4 million Series A, Kenya-based e-commerce startup, Sky.Garden might close down

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