Nigerian venture capital firm Ingressive Capital has doubled the size of its investment fund, re-affirming a mandate to back pre-seed and seed-stage African tech startups with potential for high growth. The firm reached the new close by welcoming new limited partners like Nigeria Sovereign Investment Authority (NSIA), US-based Plexo Capital and Platform Capital, a Nigerian […]
GT Bank, Flutterwave, OPay and Remita have developed e-commerce services on top of their core payments solution as competition hits up.
For good reason, startups are excited when they announce the close of a funding round. While not a guarantee of future success, navigating the process signals some validation for founders. But because this process can be cumbersome for both founders and investors, one Nairobi-based startup has created a solution to facilitate simplicity. The result is […]
Briter Bridges has launched a data platform ‘Briter Intelligence’ as a resource for visual, granular and current data on startup activities in African tech. The research consultancy has been building a reputation for creating broad-based maps on African startups since October 2018. Briter’s sector maps and periodic reports on startup funding provide a measure of […]
Between 2004 and 2010, the developed world was captivated by upstarts like Facebook, YouTube and Instagram. Uber, Spotify and Airbnb were born in the middle of the Great Recession. The tech arena already featured giants like Microsoft and Google. Amazon was emerging as the global online shopping beast. In Africa however, Safaricom’s MPesa was the […]
Tech companies in sub-Saharan Africa will soon be operating in a recession. The World Bank expects the region’s economies to contract by up to 5.1%, a historic downturn that portends tough times for balance sheets. Global economic uncertainty means African tech startups have to adapt and stay relevant. Despite a decent first quarter, fundraising will […]