Jumia is a Pan-African technology company that operates a marketplace, logistics service, and payment service. The marketplace is supported by third-party sellers.
Nigeria Leads African Startup Funding With $635 Million Raised in Nine Months
Nigeria attracted $635 million in startup funding between January and September 2026, marking a 157% increase from 2025. Moove led the funding with $250 million, followed by Flutterwave with $100 million and Jumia with $50 million.
African startups raise $2.16B in nine months as debt falls 33%
African startups raised $2.16 billion between January and September 2026, a 4% decrease from 2025. Equity funding reached $1.5 billion, marking a 23% year-on-year increase.
The 20-metre neobank: How Mukuru is solving the gap between receiving cash and spending it
Juan Seco transitioned from Wall Street to African fintech, realizing the importance of simplifying financial transactions. Mukuru, a digital financial services company, operates in over 60 countries and serves 17.6 million customers.
Africa’s Startup Funding Rebounds to $455m in August 2026, Driven by Mega Deals
31 African startups secured funding rounds of $100,000 or more, raising a combined $455 million in August 2026. August's funding total was a significant rebound from July's $102 million, surpassing the previous 12-month monthly average of $220 million.
Stabyl emerges from stealth with $2.7 million for Africa’s FX infrastructure
A conversation between MBA students at the University of Oxford led to the founding of Stabyl. Stabyl has secured a $2.7 million pre-seed investment led by Konga.
