China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital […]

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Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber -like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand […]

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Zindi rallies Africa’s data scientists to crowd-solve local problems

Zindi is convening Africa’s data scientists to create AI solutions for complex problems. Founded in 2018, the Cape Town-based startup allows companies, NGOs or government institutions to host online competitions around data-oriented challenges. Zindi’s platform also coordinates a group of more than 4,000 data scientists based in Africa who can enroll to join a competition, […]

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Africa Roundup: Canal+ acquires ROK, Flutterwave and Alipay partner, OPay raises $50M

in July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv. Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the deal. Founded by Jason Njoku  in 2010 — and backed by $45 million  in VC — IROKOtv boasts the world’s largest online catalog of Nollywood: a Nigerian movie […]

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Startups BRCK and Swvl partner on free WiFi for Kenyan ride-hail buses

Nairobi based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring WiFI and online entertainment to on-demand bus service in Kenya. BRCK will install its routers on Swvl vehicles in Kenya and run its Moja service, which offers free public WiFi—internet, music, and entertainment—subsidized by commercial partners. Founded in […]

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Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early stage financial services startup based in Lagos — has posted financials audited by KPMG on its website. This comes four months after the company obtained a credit rating as a pre-IPO venture. Carbon — which recently rebranded its OneFi holding company and PayLater product titles into one name  […]

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Flutterwave and Alipay partner on payments between Africa and China

San Francisco and Lagos based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba to offer digital payments between Alipay and African merchants. Flutterwave is a Nigerian founded B2B payments service (primarily) for companies in Africa to pay other companies on the continent and abroad. Alipay is Alibaba’s digital wallet and payments platform. In […]

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Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—where in addition to car-service—they offer rickshaw taxis. On-demand motorcycle startups are multiplying and piloting EVs with funds from international partners. And many ride-hail companies in Africa […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses and banks to exchange and make payments in exotic foreign currencies that don’t often […]

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Inside Harley Davidson’s EV shift with a ride on its LiveWire

Harley-Davidson will release its first production electric motorcycle in September, the LiveWire. Yes, the American symbol for internal combustion, chrome and steel is going all in on two-wheeled EVs. Founded in Milwaukee in 1903, Harley Davidson opened a Silicon Valley office in 2018 with plans to add a future line-up of electric vehicles—from motorcycles to […]

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