Tag: South Africa
A snapshot of the leading startups in Africa’s top VC markets
TechCrunch did a synopsis recently on Africa’s 2019 VC stats. Analyses from investment fund Partech and media outlets Disrupt Africa and WeeTracker came up with varied numbers, but there was a common trend: the top two countries for venture capital to startups across all three studies were Nigeria and Kenya.…
Read More
Visa partners with Paga on payments and fintech for Africa and abroad
Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico. The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills…
Read More
Did African startups raise $496M, $1B or $2B in 2019?
Five years ago, it was hard to come by any numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case for three venture funding studies for Africa that turned up varied results. The numbers and variance Investment stats released by…
Read More
Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom
VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nairobi — is looking for tech-enabled, revenue-driven ventures in Africa from seed-stage to Series…
Read More
These specialized Africa VC funds are welcoming co-investors
For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one major IPO and a handful of exits — but there could be greater returns for investors…
Read More
African crowdsolving startup Zindi scales 10,000 data scientists
Cape Town based startup Zindi has registered 10,000 data-scientists on its platform that uses AI and machine learning to crowdsolve complex problems in Africa. Founded in 2018, the early-stage venture allows companies, NGOs or government institutions to host online competitions around data-oriented challenges. Zindi opens the contests to the African…
Read More