Terra Industries closes $52M seed round to build defense infrastructure for the Global South
African defense tech company Terra Industries announced an additional $18 million in funding, bringing its seed round to $52 million.
Africa
Payments startup Flutterwave hits $3.2B valuation, backed by Ripple
African payments infrastructure company Flutterwave has hit a new valuation and landed blockchain company Ripple as investor and partner.
These two founders left Goldman and Meta to build voice AI for markets everyone else overlooked
The startup’s own stack for Africa and Middle East is now handling more than 17,000 calls per day.
African defensetech Terra Industries, founded by two Gen Zers, raises additional $22M in a month
Terra Industries, the African defense company, announced Monday that it had secured an additional $22 million in funding to further expand the business.
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.