Norrsken22 closes $205M fund for African startups as growth-stage investments surge
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Norrsken22, an Africa-focused Venture Capital firm, has successfully closed its funding round at $205 million, surpassing its initial target by $5 million….
X rival, Pebble, shuts down after failing to gain traction
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Pebble, a microblogging platform aiming to challenge X (formerly Twitter), is closing its doors on November 1, 2023. The social media site,…
Kenyan Startup -Sukhiba Connect - Raises $1.5 Million for WhatsApp-based E-commerce Expansion in Africa
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Sukhiba Connect, a Kenyan social commerce startup, has secured $1.5 million in a funding round to drive its expansion beyond Kenya’s borders….
Fintech firm - Kippa - to discontinue KippaPay in profitability shift
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Kippa, a Nigerian fintech startup, has announced that it is discontinuing its offline payment product, KippaPay. The company is also laying off…
Nigerian Logistics Startup - TruQ - Wins TC Startup Battlefield Competition
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TruQ, a Nigerian logistics startup, has won the TC Startup Battlefield competition. The startup, which operates by streamlining mid-mile logistics in Africa,…
Ghanaian Fintech Dash Shuts Down After Raising $86.1 Million in Five Years
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Ghanaian fintech company Dash has announced its closure after a challenging journey in the industry. Despite raising a substantial $86.1 million over…
Kenyan logistics startup - Sendy - faces administration amidst economic challenges
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Sendy, a prominent Kenyan logistics startup founded in 2014, has taken the path of administration to mitigate financial distress and devise a…
Cybersecurity Startup Lumu Bags $30M In Series B Funding
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Lumu, a cybersecurity solutions provider based in Doral, Florida, has successfully secured $30 million in Series B funding. This funding round was…
Nigerian Fintech startup - PayDay - navigates acquisition talks and internal challenges
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In the dynamic realm of financial technology, PayDay, a Nigerian start-up recognized for its payment solutions, finds itself at a crossroads. The…