OPay, the payments service operating in Nigeria has announced that it raised $120 million of series B funding, less than 6 months after it announced its last funding round of $50 million in June. The company, which was incubated by Norwegian based, global consumer Internet company Opera (Nasdaq: OPRA), is already Nigeria’s leading mobile wallet […]
Tony Tugee, Managing Director SEACOM sees increased data usage, a changing world and markets that will be disrupted by new technologies. By Brian Yatich The world is overflowing with information. Every day, humans generate 2.5 quintillion bytes of data. Reports, selfies, streaming TV’s, text messages, high definition videos and data visuals are some of the […]
Digital network for global small-scale agriculture, Wefarm has announced it has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures. The financing round will help Wefarm further scale its network of 1.9 million farmers, and its newly created Marketplace, to connect farmers in Africa, even those without […]
By Digest Africa As if to balance out the major directions on a compass in representation, Kenya, Nigeria, Egypt and South Africa have the most funded startups on the African continent. Kenya is set apart, however, by a number of attributes. Be it the post-election violence or the era of mobile phones and the internet […]
Kobo360 is looking to change the way the logistics sector operates by lowering costs and enhancing customer satisfaction supporting thousands of freight companies deliver their goods to cargo recipients across the region. By Brian Yatich Back in the days, things in the logistics space was different; customers had to wait for their cargo in harsh […]
Fintech firm, Cellulant on Tuesday announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment. The payments platform brings commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. Tingg targets the fragmentation in […]
Right now, we’re at a tipping point in Africa’s development. We’re hurtling headlong into the Fourth Industrial Revolution (4IR), which has the potential to turbocharge the socio-economic development of the entire African continent. We’ve got the youngest continent in the world, with 60% of Africa’s 1.25 billion people under the age of 25. If we […]
Venture Capital, VC4A announces 12 ventures 11 Series A and 1 Seed+ for its 2019 Venture Showcase representing the best investment opportunities on the continent. The companies have been vetted by 40 VC investors through a rigorous referral and selection process. The companies demonstrate strong revenues and competitive edge, are well-positioned for regional and internal expansion […]
Nigeria’s technology innovation centre, Co-creation Hub (CcHUB), has acquired Kenya’s iHub for an undisclosed fee. The deal will see iHub’s team become part of CcHUB’s wider central support and strategy network, whilst retaining its name and senior management structure. CcHUB’s co-founder Bosun Tijani continues as CEO across both locations. As part of the acquisition, CcHUB […]
Peer to Peer Bitcoin platform, Paxful, has launched a mobile wallet app in Kenya which enables bitcoin transactions to be conducted with ease.