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Wyclife Omondi

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Ecosystem Insider
Issue 154: Wave Secures $137 Million Debt Facility as South African Fintech M&A Heats Up with Lesaka-Bank Zero Deal
The African fintech sector continues to demonstrate remarkable growth and consolidation as we kick off H2 2025. This week’s developments showcase remarkable movements with Wave securing a massive $137 million debt facility from Rand Merchant Bank to accelerate its cashless Africa mission, while South Africa’s fintech landscape sees strategic consolidation with Lesaka Technologies acquiring Bank […]
AU-Startups·7/5/2025
Ecosystem Insider
Issue #49: Smile Identity Raises $20 Million Series B Round, While 12 Early-stage Startups Get Accepted Into Accelerators Across the Ecosystem
The Baobab Network and TECA accepted a combined twelve early-stage startups to their cohorts this week, continuing the trend of accelerators and incubators announcing their cohorts. These startups, ranging from personal beauty marketplace to startups addressing climate change, will receive funding as well as venture building support. We recorded twenty-four funding rounds in a week […]
AU Startups·2/20/2023
Ecosystem Insider
Issue #39: Kenyan e-vehicle manufacturer BasiGo raises $6.6M in seed funding, while MENA-focused VC firm Modus launches $75M Africa Fund, and more
This week was relatively slow, with 7 funding deals across the African startup ecosystem, three of which came from Kenya. Design, agritech, mobility, and e-commerce are among the sectors that have received funding. Let’s go straight into the details. ‍ Funding Pre-Seed CONIX.AI, a UK-based and Egypt-founded design tech startup, has raised $1.3 million in […]
AU Startups·11/18/2022

Mentioned in

Issue 154: Wave Secures $137 Million Debt Facility as South African Fintech M&A Heats Up with Lesaka-Bank Zero Deal

Issue #49: Smile Identity Raises $20 Million Series B Round, While 12 Early-stage Startups Get Accepted Into Accelerators Across the Ecosystem

Issue #39: Kenyan e-vehicle manufacturer BasiGo raises $6.6M in seed funding, while MENA-focused VC firm Modus launches $75M Africa Fund, and more