#businesses

TopUp Mama has rebranded as Caantin, saying its new brand identity and enhanced platform embodied its dedication to boosting the restaurant industry’s contribution to Africa’s GDP and providing better financing access for restaurants and…

Quro Medical has raised ZAR25 million (US$1.3 million) in funding from the Mineworkers Investment Company (MIC). The startup said it is building the largest virtual hospital ward in Africa, which seeks to achieve superior clinical…

Payday has announced a partnership with Starlink in Rwanda to make digital banking accessible to all remote workers & professionals on the continent while ensuring access to a fast and reliable internet connection. The re-entry into…

FairMoney said it had acquired PayForce, a merchant payment service that serves small businesses. The details of the deal were not disclosed. However, the transaction was estimated to be a cash-and-stock deal from USD 15 million to USD…

Jumia has launched a new integrated warehouse and logistics network facility in Nairobi to enhance the consumers’ shopping experience by reducing delivery times and cutting costs. According to Jumia, the 11,000 metres facility will…

The Central Bank of Nigeria (CBN) has issued Africave Technologies Limited DBA Kippa, the financial management and payments platform, a Payment Solutions Services Licence to Operate as a Super-Agent. With this approval, Kippa will build…

KarmSolar has raised a new round of capital to fund its local and regional expansion plans. US-based Synergy Consulting supports the new investment round as the sell-side advisor. It will support existing power generation and…

Duplo has announced the close of its $4.3 million seed round. The seed funding would help the company launch new products and expand into new business verticals in Nigeria According to Duplo, the seed funding round included participation…

TeamApt said it has completed a financing round and brought on board one of the world’s premier fintech operators, QED Investors. TeamApt is QED's first investment in Africa. QED is a premier global VC firm that has backed more than 180…

Clickatell has secured a US$91 million Series C round of funding to accelerate product development and expand its footprint in the United States (US). Clickatell’s low/no-code, feature-rich platform sits at the intersection of…