Category: South Africa

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African payment startup Chipper Cash raises $13.8M Series A

African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally. The raise caps an… »

Africa’s top angel Tomi Davies eyes startups and co-investors

When Nigerian angel investor Tomi Davies backed his first company — Strika Entertainment in 2001 — he admits he wasn’t aware of his future role. “I was just helping out… »

Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M

Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline… »

Zipline begins US medical delivery with UAV program honed in Africa

Drones are being deployed in the fight to curb COVID-19 in the U.S. Novant Health and California based UAV delivery startup Zipline have launched distribution of personal protective gear and… »

Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in… »

African fintech firm Flutterwave launches SME e-commerce portal

San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay —… »

Goldman backed ventures Jumia and Twiga partner on produce in Kenya

Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. In 2019, Jumia became the first VC funded… »

In Nigeria PalmPay waives fees and creates ₦100M COVID-19 payout fund

Africa focused payment startup PalmPay will waive transfer fees in Nigeria and offer direct payouts to customers who have contracted COVID-19 in the West African country. The venture — that… »

WHO Africa hosts hackathons, offers seed funds to fight COVID-19

The World Health Organization in Africa is holding virtual hackathons and offering up to $20,000 in seed-funds to finalists with digital solutions to stem COVID-19. The regional office of the… »

Coronavirus live news: global cases near million mark as US federal stockpile of medical equipment dwindles

Trump says personal protective gear has nearly run out; Florida, Georgia, Mississippi ordered to shelter in place; record daily fatalities in UK. Follow the latest updates. At a glance: summary… »

Coronavirus live news: Italy records lowest daily increase in deaths in a week as known global cases pass 900,000

Germany and Italy extend lockdowns; Spain cases pass 100,000; known global cases pass 900,000; record daily fatalities in UK US coronavirus – latest updates At a glance: summary of key… »

Coronavirus live news: US deaths could reach 240,000 as UN says world faces worst crisis since WW2

US has one 1 in 5 cases globally; global cases pass 850,000; record daily fatalities in UK, France, Italy, Spain and Russia. Follow the latest updates. UK coronavirus – latest… »

Zindi taps 12,000 African data scientists for solutions to COVID-19

Since its inception, Cape Town based crowdsolving startup Zindi has been building a database of data scientists across Africa. It now has 12,000 registered on its its platform that uses… »

Coronavirus news: India announces 21-day lockdown as global confirmed cases top 400,000

WHO says US could be next virus hotspot; EU urged to evacuate Greek refugee camps; Greta Thunberg says she believes she had Covid-19 9.34pm GMT Libya has announced its first… »

Coronavirus news: France tightens lockdown rules as Indonesia reports biggest daily rise in cases – live updates

Vietnam closes Ho Chi Minh restaurants; Olympic torch relay scaled down; US president tells country not to blame Asian Americans. Follow the latest updates 9.30am GMT The French government has… »

Jumia adapts Pan-African e-commerce network in response to COVID-19

Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 African… »

Visa partners with Paga on payments and fintech for Africa and abroad

Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia… »

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high profile IPO, visits by both Jacks (Ma and Dorsey), and big Chinese startup investment… »

Payment startup Chipper Cash raises $6M for Southern Africa expansion

African cross-border fintech startup Chipper Cash has raised a $6 million seed-round led by Deciens Capital. The San Francisco-based company offers mobile-based, no fee, P2P payment services in six countries:… »

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That… »

Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use… »

Africa’s top mobile phone seller Transsion lists in Chinese IPO

Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in… »

SF based African fintech startup Chipper Cash expands to Nigeria

The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria. The San Francisco based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app… »

What is Andela, the Africa tech talent accelerator?

As someone who covers Africa’s tech scene, I’m frequently asked about Andela . That’s not surprising, given the venture gets more global press (arguably) than any startup in Africa. I’ve… »

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010—and backed by $45 million  in VC—IROKOtv… »

Chancellor’s warning comes amid concerns France may lose its travel corridor status Coronavirus – latest updates See all our coronavirus coverage Rishi Sunak has issued a warning that the UK… »




Chancellor’s warning comes amid concerns France may lose its travel corridor status Coronavirus – latest updates See all our coronavirus coverage Rishi Sunak has issued a warning that the UK… »