A Swedish procurement software firm that acquired Expensya, expanding its portfolio in the tech industry.
From Idea to Exit: African Founders Who Sold Their Startups (And How They Did It)
Between 2012 and 2022, 190 acquisitions occurred in Africa's tech ecosystem. Fintech led funding in 2024, securing over $1 billion.
Karim Jouini Returns to Tech Scene with Thunder Code, a Revolutionary AI-Powered Software Testing Platform
Karim Jouini and Jihed Othmani have launched Thunder Code, a generative AI-driven software testing platform. The startup has secured $9 million in seed funding.
One of Africa’s most successful founders is back with a new AI startup and already raised $9M
Karim Jouini and Jihed Othmani sold Expensya to Medius in a notable acquisition for over $120 million. The founders vowed to avoid future startups but were drawn back by the potential of generative AI.
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Decline in venture investment within startup ecosystem linked to lack of exit volume and value. Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
US HR firm Deel acquires PaySpace, a 20-year-old SA payroll provider
Deel is acquiring PaySpace, an Africa-based provider of payroll and HR software. This is the largest acquisition made by Deel and solidifies its presence in Africa.
