Kuunda Secures $5 Million Secondary Share Deal, Giving Early Investors an Exit
Kuunda completed a $5 million secondary share transaction, strengthening its investment partnerships. The transaction was led by E4E Africa, increasing their ownership position in Kuunda.
BFREE Closes Growth Round to Accelerate Its Pan-African Distressed Debt Business
BFREE closed a growth round to expand its capacity for acquiring non-performing loan portfolios. AfricInvest led the investment through its Financial Inclusion Vehicle, focusing on advancing financial inclusion in Africa.
Happy Pay raises $5 million to scale ad-supported BNPL across South Africa
Happy Pay raised $5 million in seed funding to scale its ad-supported payments network. Funding will be used to deepen merchant partnerships and expand distribution channels.
10 Top Investors in Startups in South Africa
In 2022, South African startups raised $500 million across more than 100 deals. Key sectors attracting investment include fintech, healthtech, agritech, and edtech.
Why over 50% of Africa’s startups might not survive
The African tech ecosystem has been experiencing a boom since 2019, with startups emerging across the continent. Nigeria reportedly had over 3,360 startups in 2024, making it the country with the most startups in Africa.
