These Gen Zers just raised $11.75M to put Africa’s defense back in the hands of Africans
African defense company Terra comes out of stealth with a $11.75M round led by Joe Lonsdale’s 8VC.
Africa
Flutterwave buys Nigeria’s Mono in rare African fintech exit
Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as […]
Ventures Platform, one of Africa’s most active early-stage investors, has raised another $64 million
The Lagos-based firm and one of Africa’s most active early-stage investors is targeting a final close of $75 million for its second fund.
Spiro raises $100M, the largest-ever investment in Africa’s e-mobility
Dubai-headquartered Spiro is growing quickly with e-motorbikes and a battery swapping network designed for Africa’s needs.
Y Combinator-backed Rulebase wants to be the AI coworker for fintech
Y Combinator-alum Rulebase is betting that the next wave of automation in financial services will be the unglamorous tasks.
Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora
Khalid Ashmawy found it hard to send money home while studying in Europe. Now, he’s launched a startup to help other Egyptians with the same problem.
Nigerian profitable food delivery Chowdeck lands $9M from Novastar, Y Combinator
Chowdeck, a Lagos-based food delivery startup that has stayed profitable in a notoriously tough and low-margin market, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana. The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, […]
Moroccan founder raises $4.2M for her YC-backed startup building the next layer of AI search
ZeroEntropy is serving up retrieval-augmented generation (RAG) through an API. It’s landed Initialized, a16z Scout and a long list of angels, as investors.