African tech companies, new and old, raised at least $1.27 billion in 2019, the biggest total yet for a calendar year. This is from a report published by Briter Bridges, an industry researcher. It relies on data on disclosed deals above $1 m curated by Maxime Bayen, a company builder at GreenTec Capital. At least […]
Jiji, the Nigeria-based classifieds listing company, has raised $21 million Series C funding from six investors. The round was led by Knuru Capital, an Abu Dhabi-based venture capital fund that focuses on late-stage companies. Founded in 2014 by Ukrainians Anton Wolyansky and Vladimir Mnogoletniy, Jiji is one of the biggest classifieds listing company in Africa. […]
The ideal startup story involves entrepreneurs with the right ideas, bank-rolled to billion-dollar valuation by investors with deep pockets. While many tech startups look up to this formula, some explore alternative routes.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.
Nigerian healthtech startup, MDaaS Global has secured a new $1 million seed round of funding as it prepares to replicate its innovation across different markets.
Digital micro-lending in Africa still faces challenges despite the amount of capital available and exit opportunities in the financial sector.