Zuvy, a promising Nigerian fintech startup, has recently secured a significant investment of $4.5 million to expand its invoice financing services in Nigeria. This impressive funding round is expected to fuel the company’s growth and enhance its mission to revolutionize small...

Fastizers, a Nigerian-based snack manufacturing company, has recently secured a significant investment of $2 million from Aruwa Capital, a leading venture capital firm. The funding infusion aims to support Fastizers’ ambitious growth plans and expand its product offerings...

Smile Identity, a prominent identity verification technology company, recently announced the layoff of eight employees as part of its strategic shift towards increased profitability. The move comes as the company aims to optimize operations, streamline resources, and align its...

Zofi Cash, a promising fintech startup based in Uganda, has recently made waves in the industry with its successful acquisition of $1 million in pre-seed funding. The injection of capital represents a significant milestone for the company and demonstrates growing investor confidence...

In 2015, Paymob was established as a company specializing in digital payment solutions. Its omnichannel gateway offers a wide range of payment methods, exceeding 40 options, and enables over 200,000 small and medium-sized enterprise (SME) merchants to effectively manage and expand...

The Africa’s Business Heroes (ABH) Prize Competition, an initiative supported by the Jack Ma Foundation and Alibaba Philanthropy to recognize and empower African entrepreneurs, has revealed the top 50 finalists for its 2023 edition. This year, the competition received an...

Verdant Capital, a financial firm, recently announced the completion of a significant investment by its Verdant Capital Hybrid Fund. The fund has provided a dual-tranche investment of USD 7 million to Mogo Auto Limited, a subsidiary of Eleving Group operating across Europe, Asia, and...

Standard Chartered Kenya, in collaboration with @iBizAfrica – Strathmore University, has announced the selection of 15 women-led startups for the Women in Tech Programme. The program aims to provide business incubation training over 12 weeks to these startups, culminating in...

Lightspeed Ventures, a leading global venture capital firm, has made its first investment in Africa by backing Ghanaian healthtech startup Berry Health. The investment marks an exciting milestone for Lightspeed as it expands its portfolio into the African continent’s thriving...

Agel, an innovative Islamic invoice financing startup based in Egypt, has successfully closed an undisclosed seven-figure pre-seed funding round to propel its growth and introduce customized, digital, cashless, and Sharia-compliant financing products. Among the offerings is Murabaha,...