Nigerian fintech startup - Thepeer - shuts down; returns investor funds
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In a move considered rare for the African tech startup scene, Nigerian fintech company, Thepeer, has announced it is shutting down operations…
Kenyan electric bus maker - BasiGo - raises $3m to push expansion in East Africa
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BasiGo, a pioneering electric mobility startup based in Kenya, has secured $3 million in equity funding from French multinational CFAO Group. The…
Egyptian edTech startup - Sprints - raises $3m to expand its offerings
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Sprints, an Egyptian edtech company leveraging AI to bridge the tech talent gap, has secured $3 million in a bridge funding round…
Nigerian fintech startup - Zone - raises $8.5M to revolutionize payment infrastructure
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In a significant move that could reshape the payment landscape in Africa, Zone, a Nigerian fintech startup, has secured $8.5 million in…
FairMoney in talks to acquire Umba in $20M all-stock deal
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FairMoney, a Paris-based digital bank operating in Nigeria, is engaged in early discussions to fully acquire fintech startup, Umba, in an all-stock…
Disha, Flutterwave's no-code platform, to temporarily shut down operations
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Disha, the no-code platform for creatives acquired by fintech startup Flutterwave in 2021, has announced it will temporarily cease operations starting March…
Ilara Health secures $4.2m in funding to expand healthcare access in Kenya
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Ilara Health, a Kenyan healthtech startup, has raised $4.2 million in its pre-Series A funding round. The funding, according to the startup,…
Kenyan climate startup, KOKO, gets backing from Rand Merchant Bank
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KOKO, a startup focused on providing clean cooking energy, has received investment from Rand Merchant Bank (RMB) to grow its renewable bioethanol…
African eyewear startup, Lapaire, raises $3m to drive expansion across the continent
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Lapaire, an African eyecare startup, has secured $3 million in new funding round to facilitate the expansion of its affordable vision services…