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.
Twiga Foods faces a liquidation threat over $263,691 debt
Incentro Africa has filed insolvency against Kenyan agritech startup, Twiga Foods for its failure to remit KES 39 million ($263,691).
Biden appoints Chipper CEO on advisory council for African diaspora engagement
Ham Serunjogi, co-founder and CEO of Chipper Cash has been appointed as an inaugural member of the US advisory council on African diaspora engagement.
Nigerian fintech, Risevest acquires Chaka
Nigerian wealth management platform, Risevest has acquired Chaka in an undisclosed deal. Both companies will continue to operate as different products, according to the deal terms.
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.