Nigerian debt recovery startup, Bfree secures $2.95 million funding

The company's current loan portfolio stands at over $400 million, out of which it has managed to collect 12.5%.

African startup equity funding plummets by 43% in 2023

Per BD Funding Tracker, African startups raised $2 billion in equity funding across 263 deals in 2023, marking a 43% decline from last year.

BD Insider 216: African startups are trying to localise cost

Inside: Layoff of Chipper's US-based employees, Starlink adoption in Zambia and Worlcoin's operation in Kenya.

ARM Labs Lagos Techstars accelerator backs 12 African startups in second cohort

ARM Labs Lagos Techstars Accelerator has selected 12 African startups for its second cohort. Some of the startups are GetEquity, Eight Medical, and PressOne Africa.

Reforms give Ethiopia’s startup scene a fighting chance

Over the past couple of years, the government has set up a fund for innovation, approved a policy on Science, Technology, and Innovation (STI), created the Digital Ethiopia 2025 plan, and started preparing a Startup Act.

French football stars rally behind Francophone African startups

Recently, StarNews Mobile raised $3 million pre-Series A in a round backed by three French national players showing an exciting and growing trend in Francophone Africa.

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 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.

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.

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.

Pan-African VC, P1 Ventures launches $50M fund to back early-stage startups

Pan-African Seed VC fund, P1 Ventures has completed the first close of its $50m fund to invest in African startups with transformational software businesses.

TIC: How African startups can navigate the funding winter

Funding to the continent dwindled in Q3 2022, creating a 'funding winter.' Three seasoned investors joined us at The Investor Clinic to share insights on how to navigate the season.