Auto-discovered — editorial review pending
The African tech industry has only produced nine unicorns to date. Despite massive growth in funding and investment support from internal and external sources over the years, only a handful of companies have crossed the highly coveted $1 billion valuation mark. Admittedly, various factors influence the ability of African tech companies to reach this status. […]
AU-Startups·
This week was especially slow, with only about six raises and one acquisition. However, we witnessed two mega-deals; talking about Phoenix’s $100M Series A round and MaxAB’s $30M Pre-Series B round. Fintechs dominated the rounds, as is becoming customary, accounting for 50% of the closes. Let’s dive into the details. Funding Seed Kenzz, an […]
AU Startups·
Today’s episode of Africa’s Weekly Funding Review is exciting. As always, we recorded some fundraising and acquisition announcements this week in the African tech & startup ecosystem. If you missed it, here are the highlights: Funding Zazuu, a U.K.-based and Africa-focused fintech that offers a platform for sending money across the border, raised $2 […]
AU Startups·
