Paystack, a fintech company that powers growth and payments for businesses in Africa, today announced its official launch in South Africa after a six-month pilot. The launch marks Paystack’s expansion into its third market, following Nigeria (where it claims it powers over 50% of all online payments), and Ghana. This announcement is coming seven months […]
TymeBank, the South African digital bank owned by African Rainbow Capital (ARC) has announced a $109 million fund raise from investors. It is one of the largest raises by digital banks on the continentTymeBank, the South African digital bank owned by African Rainbow Capital (ARC) has announced a $109 million fund raise from investors. It is one of the largest raises by a digital bank on the continent
South African agritech startup Skudu has raised funding from AgVentures, a leading agrifood tech investor in Africa. This move will help Skudu achieve its goal of becoming the leading online marketplace for agricultural inputs (animal feeds, fertilizers, plant protection chemicals) and produce on the continent. Launched in 2018, Skudu gives agribusinesses more choices to improve […]
Since the term was coined in 2016, femtech, a sub-sector in health technology dedicated to creating solutions that address female wellbeing continues to gain traction and attract VC funding globally. In Africa, however, the space is still very much in its budding phase. This segment is dedicated to telling stories of innovators, their solutions, the […]
View this email in your browser A TechCabal roundup of the impact of the coronavirus pandemic on tech & innovation in Africa APRIL 19, 2020 This newsletter is a weekly special focused on the effect of the novel coronavirus, COVID-19 on African tech and innovation ecosystems. Subscribe here to get it directly in your inbox every […]
Xenophobic attacks have dominated the headlines this week after the latest wave of anti-immigrant violence rocked South Africa. Shops belonging to foreigners have been vandalised and looted with buildings also set ablaze. The unrest which began on Sunday in Johannesburg has since spread to Pretoria, leaving five people dead and at least 300 arrested, police […]