Top news of the week: 13.02.2023.
Partech hits first close of largest Africa-focused fund, at €245M
Partech Africa reaches the first close of its second fund at €245 million, making it the largest Africa-focused fund yet.
Nigerian digital bank Umba launches operations in Kenya
Umba, a digital bank for emerging markets until now operating only in Nigeria, has launched operations in Kenya as it begins to expand across the continent.
Jendaya raises funding to scale its Africa-focused luxury e-commerce platform
Jendaya is a luxury e-commerce platform that wants to target African consumers while also exposing African brands to the rest of the world.
Nigeria is the clear leader for African startup funding, yet a trickle-down is happening
Nigeria confirmed itself as the leading destination for African tech startup funding over the course of a record-breaking 2022, yet there is evidence of a trickle-down effect as more ...
Cleantech startup, Qotto, raises $8 million Series A to expand to Ivory Coast
Founded in 2016, the company will also use the funds to scale its operations in Benin and Burkina Faso.
Kenya’s BuuPass has raised $1.3m pre-seed to digitise pen and paper public transport ticketing system in East Africa
Kenya's BuuPass raises $1.3 million pre-seed to digitise Kenya's public transport sector for operators and their customers.
Flutterwave expands to Egypt
On TechpointDigest, Victoria Fakiya discusses legal pitfalls startup founders should avoid when raising venture capital, what makes USDT stablecoins stable, and Flutterwave expanding to ...
This Egyptian healthtech startup just raised $16 million to expand across the Middle East and Africa
Yodawy, a digital healthcare startup, has raised $16 million in a Series B round that was co-led by United Arab Emirates-based MEA-focused venture capital firm, Delivery Hero Ventures and ...