A pan-African payments processor that partnered with PayU and has faced its own operational challenges.
EchoVC ran a $2.5 million climate-tech experiment. Here’s how it went.
EchoVC released a report on its $2.5 million Eco Pilot Fund, detailing its performance and impact. The Eco Pilot Fund was launched in partnership with Shell Foundation and UKAid to support African climate tech startups.
PayU Kenya Enters Liquidation After Struggling to Gain Traction in Competitive Fintech Market
PayU Kenya Ltd. has entered liquidation after six years of operation. The company appointed Sonal Tejpal as the liquidator to wind up its operations.
Post-CEO exit, Cellulant appoints new leaders, shifts focus to profitability
Cellulant, the pan-African payments startup, has named new executives after the departure of its CEO and senior managers. The company aims to become a sustainable and profitable payments company, focusing on checkout, payout, and banking solutions.
2024: A Year of Uncertainty and Diverse Prospects for African Startups After a Challenging Previous Year
African tech startups faced challenges in securing venture capital, leading to bridge rounds, fire sales, layoffs, and closures. The decline in VC funding has particularly affected growth-stage companies.
Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag
South Africa's WhereIsMyTransport and Kenyan logistics company Sendy shut down after failing to raise fresh funding. Chipper Cash and Cellulant conducted layoffs due to the cash crunch.
