Bloom
Fintech Funding Investment Venture Capital

YC-backed Sudanese Fintech Startup, Bloom Secures $6.5m Seed Round

Bloom, a Sudanese fintech startup, has raised a $6.5 million seed round from investors including Visa, Y Combinator, Global Founders

SOUTH AFRICA’S SMARTWAGE APPOINTS THAMSANQA MOYO AS ITS NEW CTO
Africa Funding Startup

Cathay AfricInvest Innovation Fund Complete Final Close of €110M

AfricInvest, a leading multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close

Cassava
Funding Investment Startup Technology Venture Capital

Cassava Technologies Announces $50m Strategic Investment From C5 Capital

Cassava Technologies, an African tech company, has announced that it has secured a US$50 million investment from C5 Capital (C5),

FSD Africa
Funding Investment Venture Capital

FSD Africa Invests $3.5m in Catalyst Fund to Accelerate and Scale Pre-seed Impact Ventures in Africa 

FSD Africa has invested $3.5 million in global inclusive tech accelerator, Catalyst Fund, managed by BFA Global to anchor the

MOOVE CLOSES $20 MILLION FINANCING FROM ABSA
Africa Funding Investment Mobility

Moove Closes $20 Million Financing From Absa

Moove, the world’s first mobility fintech, has secured R300 million (US$20 million) in financing from Absa Corporate and Investment Banking

Persistent Energy
Clean Energy CleanTech Funding Venture Capital

Persistent Energy Raises $10m Funding Led by Kyuden International and FSD Africa to Grow Climate Venture Building in Africa

Persistent Energy has raised $10 million in equity in its Series C round led by Kyuden International Corporation and FSD

Orchestrate
Acquisition Fintech Payment

Getwallets Becomes Orchestrate After Acquisition by Bloc

Getwallets, the wallet-as-a-service provider that has now recently pivoted to become a payments orchestration company, Orchestrate after it was acquired

Swvl
Acquisition

Swvl Expands into Mexico with Acquisition of Mass Transit Tech Platform Urbvan

Swvl, a global provider of transformative tech-enabled mass transit solutions, has announced a definitive agreement to acquire Mexico-based Urbvan Mobility Ltd,

Fintech Funding Payment Venture Capital

Zazuu Raises $2m to Build Cross-border Remittance Solution for Africans in Diaspora

Zazuu, an African remittance payment platform, has announced that it has recently completed a $2 million raise.  Founded in 2018

Twitter
Acquisition Business Social Media

Elon Musk Withdraws From $44B Deal to Purchase Twitter

Elon Musk, the founder of Tesla and SpaceX, has disclosed that he’s pulling out of a $44 billion deal to buy Twitter.