Africa's largest fintech app hits 50M active users; 500K businesses transact more than $7B every month
Welcome to The Draft, a Techloy weekly series that highlights the most interesting business and financial stories in the technology
Decagon is piloting merit-based loan financing for tech talents in Nigeria
The edtech company is definitely up to something here. It seems as if the company is saying: we are not just another tech talent accelerator. By Loy Okezie, Techloy Editor.
South African insurtech startup Ctrl secures $2.3 million
Digital insurance advice platform, @Ctrl_Advisor, which provides an insurance marketplace that connects consumers, brokers and insurers, has secured a
Convergence Partners raises $120 million to drive digital inclusion in Africa
African tech-focused private equity investor, Convergence Partners, says it has raised $120 million for its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF).
South African fintech startup, Pineapple raises $3.4 million
South African fintech startup, Pineapple has raised R80 million ($3.4 million) in Series A funding to expand further into
South Africa's Yoco raises $83 million
South Africa's Yoco says it has raised a Series C funding round of $83 million (R1.23 billion) to accelerate
Nigeria's Daystar Power secures an IFC-backed $20 million facility
The latest funding will enable it to continue its investments into hybrid renewable energy systems in Nigeria.
Egypt's Maxab raises $40 million in Series A round
The Series A round was led by RMBV, a North Africa-focused impact investor.
MAGIC Fund raises $30 million to fund startups in emerging markets
The Fund raised $30 million to continue backing early-stage startups across Africa, Latin America, and Southeast Asia.