#SeoTips African venture capital firm Janngo Capital has closed its second fund at €73 million (about $78 million), 20% more than its initial target of €60 million (about $63 million). The firm marked the first close of the fund at €26 million in 2...

#SeoTips In January last year, German biotech company BioNTech acquired African AI startup Instadeep for over $550 million, a deal finalized in July of the same year. Instadeep, whose exit is currently the largest from Africa, has been operating un...

#SeoTips Paymob has evolved into an omnichannel gateway offering over 50 methods for offline and online payments to more than 350,000+ merchants. © 2024 TechCrunch. All rights reserved. For personal use only. via https://www.aiupnow.com Tage Ken...

#SeoTips The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by Altos Ventures. © 2024 TechCrunch. All rights reserved. For personal use only. via https://www.aiupnow.com Tage Ken...

#SeoTips The potential of Cercli's payroll platform has attracted investor interest, leading to $4 million in seed funding. © 2024 TechCrunch. All rights reserved. For personal use only. via https://www.aiupnow.com Tage Kene-Okafor, Khareem Sudl...

#SeoTips As we continue to monitor the growth of Africa's tech ecosystem, it’s essential to highlight and analyze the biggest disclosed acquisitions. © 2024 TechCrunch. All rights reserved. For personal use only. via https://www.aiupnow.com Tage...

#SeoTips Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise over $100 million, given its share price of around $5.70 at the time. The e-tailer ha...

#SeoTips Paris-based VC firm Breega has observed Africa’s tech ecosystem mature over the years. From receiving less than a billion dollars in venture capital per year to a record-high $6 billion, there’s also been an increase in high-growth compani...

#SeoTips Founder-market fit is one of the most crucial factors in a startup’s success, and operators (someone involved in the day-to-day operations of a startup) turned founders have an almost unfair advantage in finding that fit. Data shows that a...

#SeoTips It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast forward to today, and startups on the continent are facing many of the same problems plaguing fintechs in m...

#SeoTips Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding. The round was led by 1984 Venture...

#SeoTips Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the current operational landscape and prevailing macro...

#SeoTips Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and ...

#SeoTips The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that ha...

#SeoTips The past year and a half have witnessed multiple startups facing valuation cuts as funding from VCs waned in an environment of rising interest rates. In this context, fintechs, especially buy now, pay later companies serving Western custom...

#SeoTips Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment. The round, which the startup expects to top up in the coming months, was led by CommerzVentures, Middle East Venture ...

#SeoTips Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rat...

#SeoTips The presence of various payment forms and providers is one reason why businesses in the Middle East/North Africa (MENA) region have operational challenges in managing revenue and collection. These businesses often use outdated methods such...

#Tech Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter.  In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the la...

#Tech Convertedin, an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Other participating investors include 500 Global and MSA...