Appzone, a Nigeria-based company that builds technology for banks, has raised $10m in a Series A round. The funding was led by CardinalStone, an investment banking firm in Nigeria. V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures also participated, the company said. Appzone was founded in 2008 by current CEO Obi Emetarom […]
Next Wave: Cairo’s calling Nigeria’s SEC strikes APRIL 11, 2021 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT Hello, The best African tech news from the past week […]
In August 2020, Egyptian fintech Paymob announced that it raised $3.5 million to improve its capacity and acquire more merchants to use its payments services. That mission has now received additional funding, bringing the startup to a formal Series A close of $18.5 million. The round was led by Global Ventures, a venture capital firm […]
One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up investments in startups across the North Africa region. Depending on the prevailing conversion rate, Sawari’s raise is at least $63 million or up to $71 million. Either way, it is a giant leap […]
Sparkle launched in the fourth quarter of 2019 by offering a personal account that lets individuals save, manage personal finances and send payment requests with one link. In the period since, the startup claims to have more than 20,000 customers and processed $16m in transactions. Now, they are taking their journey a step further with […]
Next Wave: NFT’s honeymoon is over MTN vs the Banks APRIL 4, 2021 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT Hello, Coca-Cola is a useful example of […]
