Kenyan-based Bamba raises $3.2 million to further develop its infrastructure
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Kenyan-based mobile-first enterprise software startup, Bamba, has raised $3.2 million in its seed funding round. The company, which is currently in stealth…
Interswitch raises $110 million to expand its digital payment services
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Interswitch, an African fintech company has raised $110 million joint investment to push its digital payment services across Africa. The company said…
Fintech-focused VC firm - Rali_Cap launches $30 million fund
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Early stage venture capital firm that focuses on B2B, and fintech startup, Rali_Cap, has announced its $30 million fund. The VC firm,…
Trade technology startup - Norebase - raises $1 million to upscale its services
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Nigerian-based trade technologies startup, Norebase, has announced the completion of its pre-seed funding round. The startup which is building a single platform…
Elon Musk's The Boring Company raises $675m to build underground highways
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The Boring Company received approval to build a 47km tunnel network which will connect 51 stations under Las Vegas: making it the largest subsurface transportation project, and capable of transporting 57,000 passengers per hour.
Zambia's Union54 positions itself to dominate card-issuing services in Africa, raises $12m in seed extension round
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Union54, a card-issuing fintech startup based in Zambia, has completed its seed extension round, raising $12 million from a number of investors….
The Food Lab, an Egyptian-based cloud kitchen platform, raises $4.5m to push its expansion
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The Food Lab offers full suite of end-to-end services, including cloud kitchen (kitchen as a service), procurements, cooking, delivery, and marketing.
Insurtech startup - ETAP- raises $1.5 million in its pre-seed funding round
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ETAP, an insurtech startup based in Nigeria, has raised $1.5 million in its pre-seed funding round. The startup, which claims to make…
Lagos-based digital bank - Umba - raises $15 million in Series A funding round
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Across Africa, there is a wide range of commercial banks, as well as other financial institutions serving the populace. However, according to…