Ghana’s SolarTaxi secures funding from Persistent to scale offering
Ghanaian e-mobility company SolarTaxi has raised funding from Persistent to further scale its offering.
SA smart parking startup Parket launches operations in Cape Town
South African smart parking software management solution has launched operations in Cape Town’s CBD with plans to expand nationally and internationally later this year.
African tech startups surpass 2021 funding total in H1 of 2022; $2.3bn raised
African tech startups raised more funding in the first six months of 2022 than they did across the entirety of 2021, with total investment hitting US$2.275 billion.
Kenya’s digital insurer mTek hits 65k registered users since launching in 2020
The level of insurance penetration in Kenya is way below the global average. According to a 2020 report by the Central Bank of Kenya (CBK) insurance uptake in Kenya is only at 2.4%, while the global average is 7.2%.
Celo Announces New Web3 Fund for African Startups Adopting Crypto Strategies
Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.
Africa-focused fintech startup Fido raises $30M round from Fortissimo Capital and Yard Ventures, Harvard alumni venture capital fund
With $150M worth of loans already disbursed, Fintech startup Fido’s series-A funding round accelerates the company’s growth ahead of Africa expansion. Fido will also use the funds to establish an R&D center and tech hub in Ghana.
T40 Technologies Raises Pre-Seed Funding
T40 Technologies, a Lagos, Nigeria-based Inter-City Transportation and Logistics tech startup, raised an undisclosed amount in Pre-Seed funding.
Kenyan Startup, Duhqa, Closes $2 Million Seed round
Founded in 2021 Duhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory, get delivery conveniently, and access short-term financing.
UN: Over 4 million Kenyans own crypto, highest share in Africa
Kenya has the largest share of its population with cryptocurrencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.
Visa Partners with Flocash to Promote Digital Capabilities for African SMEs
Visa, a world leader in digital payments, announced that it is partnering with Flocash, FT Africa’s fastest Capabilities growing fintech 2022, to promote digital capabilities for African SMEs through digital payments, supplier solutions and access to financial services.