Author: Samuel Ige

Funding to provide early stage capital to at least 50 startups

TymeBank surpasses 10 million customers six years after funding

Rubyx CEO says Proparco’s backing will help speed up implementation of digital lending solutions

Elon Musk-owned satellite company continues to make inroads into Africa

Mitesh Popat Replaces O’Neal Bhambani as Chief Financial Officer

Tanzanian FinTech Startup, NALA Follows in Flutterwave’s Market Entry as it obtains a Money Remittance License in Uganda

Chpter’s Acceptance into Norssken and Safaricom Park Accelerator Programs May Have Strengthened Closing Pre-seed Deal

LULA has taken over the South African branch of the US-based staff bus-sharing startup Zeelo in an acquisition of undisclosed amount. LULA is a ride sharing platform dedicated to serving office workers. Zeelo launched in South Africa in the year 2019 and has raised $33 million in funding. It has completed more than 2 million rides per annum in South Africa. However, it is now leaving the country as it wants to focus on its US, UK and Ireland markets. After acquiring the bus-sharing startup, LULA has Zeelo’s vast network of over 18,000 riders at its disposal. “It has been…

Kredete, a Nigerian financial software platform has raised US$2.25 million in seed funding to help it further scale across the continent. Having already built a presence in up to 20 African countries, Kredete is focused on enabling African Immigrants to builf credit scores and send money back home. Kredete was founded in 2023 with the aim of allowing users send money to over 20 countries with low fees. Moreover, the platform was designed to ensure that each transaction contributes to their credit score in the new country. This unique approach leverages blockchain technology to create an affordable, seamless solution that…

AHL Venture Partners and Everstrong Capital provide new funding for Ampersand