Uganda
Uganda’s Numida Raises US$12.3M Pre-Series A Led By Serena Williams’ VC Firm
Uganda digital lending platform Numida has raised a US$12.3 million pre-Series A funding round led by Serena Williams’ venture firm Serena Ventures. Breega, 4Di Capital, Launch Africa, Soma Capital, MFS Africa, and Y Combinator participated in the US$7.3 million equity
Read More
Google’s US$50m Africa Investment Fund Invests in Superapp SafeBoda
Uganda-headquartered superapp SafeBoda has become the first company to receive funding from Google’s US$50 million Africa Investment Fund. The undisclosed round also saw participation from GoJek’s GoVentures, Allianz X, Unbound, Beenext, and Justin Kan, TechCrunch reported. SafeBoda has reportedly raised
Read More
6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent. According to Findexable’s Global Fintech Rankings Report, 14 of the top Middle East and African fintech hubs came from the
Read More
Asante Raises US$7.5m Series A for MSME Lending Platform
MSME lending startup Asante Financial Services Group announced that it has raised US$7.5 million in the first tranche of its Series A fundraise. The round was led by Goodwell Investments with participation by investors including Sorenson Impact Foundation and Forsage
Read More
YO-Uganda Forms Partnership With USADF to Deploy Mastercard Farmer Network
Yo-Uganda Limited (“Yo!”), a 16-year-old leading financial technology solutions provider based in Kampala, Uganda, has announced a new grant partnership with the United States African Development Foundation (USADF) to roll out Mastercard Farmer Network – a digital agriculture solution that
Read More
Meet The Winners Of The Search – Africa Stop By ADGM
The African fintech space is undergoing a phase of radical growth, as speakers at The Search – Africa Stop 1 highlighted. Africa is at the epicenter of a fintech evolution. What started as a burst of growth in payments tech,
Read More
Uganda’s Tugende Raises Additional $3.6 Million Funding to Fuel SME Lending
Tugende, a technology enabled asset finance company in East Africa, announced that it has closed $3.6 million in additional equity financing, which is an extension of the firm’s Series A, for which the first close was announced in September 2020.
Read More
Bill and Melinda Gates Foundation Donates US$1.5 M to Strengthen Cybersecurity in Africa and Asia
CREST, the not-for-profit accreditation and certification body for the technical security industry, has received a grant of $1.4 million from the Bill & Melinda Gates Foundation to help increase cyber security capacity in Nigeria, Uganda, Tanzania, Kenya, Ethiopia, Pakistan, Bangladesh
Read More
Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets
Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key
Read More