As Nigerian payments startup Flutterwave prepares for an IPO, it faces allegations of financial impropriety, a culture of harassment and bullying, and more
Bloomberg : Tweets: @jakerbright , @tori_crandall , @danieltadeyemi , and @habesh_ Tweets: Jake Bright / @jakerbright : The smooth & bumpy parts of @theflutterwave's IPO path. For context, I'd have m...
Chipper Cash, which offers mobile-based, no fee, P2P payments services in seven African countries, raises $13.8M Series A led by Deciens Capital
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Pan-African e-commerce company Jumia reports 2019 revenue of €160.4M, up 24% YoY, operating loss of €227.9M, up 34% YoY; active customers reached 6.1M in Q4
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Kenyan startup Sendy, an on-demand platform that connects clients to drivers for goods delivery, raises $20M Series B led by Atlantica Ventures
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Migo, which provides AI-driven products to large firms so those companies can extend credit to underbanked consumers, raises $20M Series B led by Valor Group
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After converting to a for-profit status, Samasource raises $14.8M Series A for its AI data annotation service used by companies like Google and Walmart
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Interswitch, a Nigeria-based digital payments startup, says Visa has acquired a minority stake, reportedly for $200M, at a $1B valuation, plans IPO in H1 2020
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Kenya-based Twiga Foods, an online B2B marketplace for agricultural and packaged foods, raises $30M Series B led by Goldman Sachs, 11 months after a $10M raise
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Branch, which gives loans starting at $2 in emerging markets like India and Kenya, raises $170M, partners with Visa to offer virtual pre-paid debit cards
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How a 3-month internet blackout in English-speaking parts of Cameroon, centers of anti-president protests, was lifted as economic and political pressure mounted
Jake Bright / TechCrunch : Tweets: @smith_jeffreyt Tweets: Jeffrey Smith / @smith_jeffreyt : “It is a big mistake for governments in Africa...to underestimate the tech community.” -@africatechie http...