With a rather slow start into Q2, startups in Africa raised about $102m across 8 deals, with 3 of them raising undisclosed amounts. About 89% of that amount however was a debt financing of $91m that Senegalese Wave Mobile Money received from IFC and others (arranged by IFC). This further goes to show the prevalence…

Startups in Africa received a total of about $81m in funding (only ~57% of the $141.3m received last week), a testament to the global meltdown in the investment space. The funds were spread across 13 deals with 2 of them raising undisclosed amounts. Ghanaian Fintech, Fido raised a $30m Series A round accounting for about…

Startups in Africa received a total of at least $141.3m in funding during the week in review across 15 deals with 4 of them raising undisclosed amounts. MFS Africa got the lion share of over 70% with their Series C Extension of $100m which was a mix of equity and Debt. Worthy of mention is…

2021 was one of those years we had no idea what to expect, instead, we soldiered on and hoped for the best and we can say a lot happened especially in the tech ecosystem. As we enter the new month we would like to showcase a glimpse of the exciting things we were able…