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Spearhead, the Black-owned, African spirits group, today announced it has raised $3 million. Funded by Pendulum, a strategic investment and advisory platform for founders and leaders of color, the investment marks the group’s entry into the US and will further power the company’s next phase of growth. Following a...
A joint Pan-African venture capital fund between AfricInvest and Cathay Innovation announced the completion of its final closing of €110M. Cathay Innovation, a worldwide venture capital firm, and AfricInvest, a top multi-asset investment platform in Africa, have achieved the final closure of their combined Pan-African Venture Fund, Cathay AfricInvest...
With a focus on growing across Africa, Fido, a fintech business with its headquarters in Ghana, has raised $30 million in a Series A round of funding. Fido, a fintech company with headquarters in Ghana, has raised $30 million in a Series A round of fundraising with the goal...
According to research, 85% of African SMBs have zero access to financing, and each day, African SMBs have billions locked up in receivables due to long payment cycles. This leads to cash flow problems that cause businesses to be late on important expenses and fulfilment of new orders. Jesse Ghansah...
BezoMoney, an Accra-based fintech startup, has secured US$200,000 in a seed funding round led by Goodsoil VC, a venture capital firm based in London. According to the fintech, the funding will be used to acquire the Payment and Financial Technology Service Providers (PFTSP) license in Ghana, build and deploy...
KudiGo & Boost Ghana companies enable informal micro and small enterprises (MSEs) in Ghana to grow their businesses and better leverage digital commerce. Boost Ghana and KudiGo have received USD $120,000 from the Catalyst Fund Inclusive Digital Commerce accelerator to enable small retailers to grow by easing business administration, digitizing operations, improving access...
Venture funding in the first quarter of the year for African startups reached $350 million according to data from Briter Bridges, a tech ecosystem data consultancy. South Africa, Nigeria, Kenya and Egypt topped the funding charts. These 4 countries also received the largest share of funding in the whole...
African technology startups smashed funding records in 2018 as 210 startups secured US$334.5 million worth of investment, according to Disrupt Africa. ...
Nigerian fintech Startup, Andela secures $100 million Series D funding led by Al Gore’s investment firm to build distributed Engineering teams around the world....