Funding

South African fintech, Stitch secures $25 million Series A extension

Stitch has secured a $25 million Series A extension in a round led by Ribbit Capital. The funds will be used to further develop its all-encompassing payment solutions.

Africa accounts for 40% of Techstars Toronto's investment portfolio

In the last six years, Techstars Toronto has made 100 investments in startups across the globe. 40 of these investments are in Africa.

South African fintech, Revio raised a $5.2M seed to enhance payment solutions in Africa

South African fintech, Revio has raised a $5.2 million seed to enhance payment solutions in Africa.

Enza Capital secures $58 million to back African tech startups

Enza Capital has closed a $58 million funding round across two funds. The VC firm has also launched its partner program for startup founders.

Pan-African VC, P1 Ventures launches $50M fund to back early-stage startups

Pan-African Seed VC fund, P1 Ventures has completed the first close of its $50m fund to invest in African startups with transformational software businesses.

Microsoft-backed FAST accelerator selects 12 African startups for AI program

Out of the 12 startups in the FA23 cohort, nine are Nigerian, and one each from Kenya, Tanzania, and Ghana. Also, fintech startups dominated the cohort.

Nigerian autotech startup, Fixit45 secures $1.9M for East African expansion

Nigerian autotech startup, Fixit45 has secured $1.9 million in a pre-seed round led by Launch Africa Ventures, to drive its East African expansion