Patricia Denies Having Physical Offices After Allegations of the Startup Absconding
Recently, Patricia asked one customer to swap their balance for company shares, citing it as a last resort to secure investments.
South African Insurtech Startup, Root Secures $1.5M to Boost Global Market Expansion
Root empowers businesses to independently develop and deploy insurance products by simplifying the complexities of insurance through user-friendly APIs.
P1 Ventures Launches $50 million Fund to Support Early-stage Startups in Africa
P1 Ventures describes itself as “a high-conviction investor that intentionally focuses on a small number of exceptional African founders and companies building transformational software businesses with regional and global potential”.
Enza Capital to Support African Startups with $58 million and a Founder Partner Program
Launched in 2019, Enza Capital has been supporting tech companies across fintech, logistics, health, human capital, and climate verticals in Africa.
South African Fintech Revio Has Raised $5.2 million to Improve Its Services
Revio has raised $5.2 million in a seed round led by QED Investors. Making Revio QED's third investment in an African startup following its Moniepoint and Remedial Health investments. Everywhere VC, Speedinvest, Ralicap, and Partech also joined the round.
Kenyan Logistics Startup Sendy in Survival Mode After Failing to Find a Buyer
Sendy had been exploring buyout options with potential companies like Sabi and Wasoko. However, the potential buyer's concerns about assuming the company’s existing liabilities might have led to the unfruitful outcome.
Risevest Acquires Chaka, Its Former Competitor
Risevest has acquired Chaka, a digital trading platform for an undisclosed amount. Risevest, formerly known as Cashestate is a fintech that allows Africans to make dollar-denominated real estate investments.
Auto-tech Startup Fixit45 Raises $1.9 million Pre-seed Funding to Expand Its Operations
Fixit45, a thriving startup in the automotive technology aftermarket sector has raised $1.9 million in pre-seed funding to help expand...
5 Reasons Why You Should Keep Your Eyes on Tech Startups in Nigeria
While most Nigerian tech startups launched in 2019, they have attracted over $2.7 billion in 2021 & 2022 combined. A...
Lupiya Raises $8.25m Series A Round To Grow Neo Banking Business
Zambian-based neobank works to bridge the financial inclusion gap by offering easy-to-use, technology-driven financial solutions to Zambia's unbanked and underbanked populations.