A venture capital firm that reports on tech funding trends in Africa, particularly in fintech.
Kredete raises $22M to launch Africa’s first stablecoin-backed credit card
Kredete raised $22 million in Series A funding to launch a stablecoin-backed credit card. The funding round was led by AfricInvest through its Cathay AfricInvest Innovation Fund.
Kredete Secures $22M in Series A Funding to Revolutionize Remittances and Credit Building for African Immigrants
Kredete secured $22M in Series A funding led by AfricInvest Group. The funding will help expand operations from 20 to over 40 countries across Africa.
Why AI adoption in Nigeria isn’t just a tech problem
Mayowa Olutuyo emphasizes that cultural resistance is the main barrier to AI adoption in Nigeria. The fear of job loss due to AI affects both employees and managers, leading to quiet resistance against new technologies.
South Africa’s AURA raises $14.6 million to drive U.S. expansion and global ambitions
AURA raised €13.5 million in Series B funding to expand into the U.S. and nearly 50 countries. The funding round was co-led by Cathay AfricInvest Innovation Fund and Partech.
