The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe. Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship […]
View More Seven Africa-focused startups present at Y Combinator’s Demo DayCategory: Tanzania
Netflix rival Iflix offloads its Africa business to focus on Asia
Iflix, the emerging market Netflix competitor that’s backed by Sky, is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé Iflix — to Econet Group, the telecom firm that is already an investor in the business. The deal size […]
View More Netflix rival Iflix offloads its Africa business to focus on AsiaAfrican fintech startup Jumo raises $12.5M more to fund Asia expansion
Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, […]
View More African fintech startup Jumo raises $12.5M more to fund Asia expansionAfrica’s agtech wave gets $10 million richer as Twiga Foods raises more capital
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies Kenya’s Twiga Foods has raised $10 million from […]
View More Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capitalAfrica’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant […]
View More Africa’s Jumo raises $52M led by Goldman to bring its fintech services to AsiaAfrican experiments with drone technologies could leapfrog decades of infrastructure neglect
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley-Davidson is opening a Silicon Valley R&D center to power EV production With a $10 million round, Nigeria’s Paga plans global expansion Samantha Stein Contributor More posts by this […]
View More African experiments with drone technologies could leapfrog decades of infrastructure neglectMallforAfrica goes global, Kobo360 and Sokowatch raise VC, France explains its $76M fund
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley-Davidson to expand EV lineup, may include scooters, bicycles Update: EV startups Alta, Energica, and Zero could reboot the motorcycle industry B2B e-commerce company Sokowatch closed a $2 million seed investment […]
View More MallforAfrica goes global, Kobo360 and Sokowatch raise VC, France explains its $76M fundSokowatch closes $2 million seed round to modernize Africa’s B2B retail
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Update: EV startups Alta, Energica, and Zero could reboot the motorcycle industry Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million Kenya based Sokowatch aims to shake up the supply […]
View More Sokowatch closes $2 million seed round to modernize Africa’s B2B retail