African fintech Flutterwave acquires Nigerian open banking startup Mono, sources say in an all-stock deal valued at $25M to $40M; Mono raised $17.5M since 2020
How a Microsoft-backed $1B geothermal-powered data center in Kenya faced construction delays due to uncertainty over its value for local businesses
Semafor : X: @reedalbergotti . LinkedIn: Alexis Akwagyiram X: Reed Albergotti / @reedalbergotti : Interesting story from our Africa bureau on what ever happened to those African data centers that eve...
African e-commerce giant Jumia says it is ramping up the number of China-based merchants on its platform, as it faces competition from Temu and Shein
Olumuyiwa Olowogboyega / Semafor :
Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024
Read the latest from @tarykuh.bsky.social: — restofworld.org/2025/masterc... X: @restofworld : Mastercard Foundations big withdrawal from Africa's top VC firm leaves a gap in support for early-stage...
Central African Republic, the first African country to adopt BTC as legal tender, launches CAR MEME on Solana, trading at $0.03 on February 11, down nearly 90%
- CAR Meme is second cryptocurrency launched by the country — Nation first in Africa to adopt Bitcoin as tender in 2022
Nigeria-based Moniepoint, which offers bank accounts, loans, and POS terminals, raised $110M led by DPI, sources say at a $1B+ valuation, after raising $55M
Company raises $110mn from investors including Google despite slowdown in fundraising for African start-ups
Remittance startup Nala, which lets users in the EU, UK, and US send money to 11 African markets, raised a $40M Series A led by Acrew, after a $10M seed in 2022
Annie Njanja / TechCrunch :
African tech investor TLcom Capital raised $154M for a new fund, attracting US and Europe investment; Africa-focused VCs have raised $655M since November 2023
Aanu Adeoye / Financial Times :
Lagos-based Moove, which offers car financing to ride-hailing drivers, raised a $100M Series B led by Uber at a $750M valuation, up from $550M in August 2023
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million …
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
TechCrunch :