Cross-border payment startup, Chimoney, shuts down after raising only $1 million in four years

After four years and less than $1 million raised, cross-border payment startup Chimoney is shutting down. The company’s closure exposes the capital intensity of global fintech infrastructure and the consequences of weak distribution despite early growth signals.

Techstars-backed FanBants shuts down after four years

FanBants’ exit marks the end of one of Africa’s most visible fantasy-sports experiments.

Rana Energy raises $3 million to power clean energy revolution 

Rana Energy has raised $3 million in pre-seed funding to expand its AI-driven Clean Energy-as-a-Service platform.

Techstars CEO Maëlle Gavet steps down citing “health reasons”

Maëlle Gavet, who has led Techstars as CEO for three and a half years, has announced her resignation due to health concerns.

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.

Applications open for $120,000 funding from ARM Labs Techstars Accelerator

The program will invest up to $120,000 in early-stage startups based in Africa focused on FinTech, Mobility, E-commerce and TalentTech.

ARM Labs Lagos Techstars Accelerator admits 12 African startups

For its inaugural batch, ARM Labs Lagos Techstars Accelerator has admitted 12 African startups from Nigeria and Kenya.

Applications open for $120K equity funding from ARM Labs Lagos Techstars accelerator program

All early-stage entrepreneurs across Africa can now apply to the inaugural class of ARM Labs Lagos Techstars accelerator program