Pan-African digital payments company MFS Africa has announced plans to acquire U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million. This deal, which is a
Nigeria based multi-channel retail startup, ShopEX, has raised a pre-seed funding of $400,000 from Cape Town venture capital firm, HAVAÍC.
The investment forms part of a US$635,000
Constant Ventures, a part of the Constant Group is raising a $100 million venture capital fund to invest across a range of technology start-ups with a focus on financial inclusion,
Kenyan-based digital pharmacy network, Maisha Meds, has reached 1,000 active facilities, making it one of the largest digital pharmacy networks in Sub-Saharan Africa.
Founded in 2017 with operations across
Egypt born but Dubai based mobility startup SWVL has announced plans to reduce its workforce by 32 percent. The company said the process is part of a portfolio optimization program
Crypto Valley Venture Capital (CVVC), a Switzerland-based VC firm has launched an Africa-focused early-stage fund to back blockchain startups in the continent. This was disclosed by the investor on Monday
Pan-African money transfer startup, Eversend has disclosed plans to raise additional capital in the coming weeks after growing transaction volumes 46-fold last year to $232 million.
The jump in transaction
Mastercard and fintech giant OPay has announced a strategic partnership that will open up digital commerce to millions of people across the Middle East and Africa.
This partnership which marks
In a play that will see it expand to North Africa; digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount.
KIFAL was founded in
In sub-Saharan Africa, 90% of retail is informal, highly inefficient and characterised by layers of intermediaries. To curb this, Twiga, a B2B ecommerce startup is launching Twiga Fresh, a new
Nigerian identity verification startup, Identitypass, has announced the close of a $2.8 million seed round led by MaC Venture Capital. This is coming months after the startup graduated from
Africa’s payment company, Interswitch, has raised $110 million in investment from LeapFrog Investments and Tana Africa Capital.
The investment will boost Interswitch’s plans to expand the digital payments
