PayBox, a Ghanaian fintech startup, has launched its mobile app, Buddy AI. The company’s new mobile application leverages blockchain technology and artificial intelligence (AI) to transform financial transfers and cross-border payments, particularly for small and medium-sized enterprises (SMEs). PayBox’s mobile app is more than just a financial tool; it’s an innovation hub that enhances investment […]

In an unexpected move, Tekedia Capital has bought Quizac, an edtech startup scheduled to close this month. Either party did not disclose the acquisition cost. Tade Samson said quick purchase talks led to a transaction in just a week. Founded in 2019 by Tade Samson, Tobi Awogbemi, Hussein Alayo, and Babatunde Caleb, Quizac provides gamified […]

Workpay, a Kenyan HR and payroll startup, raised $5 million in a series A funding round led by Norrsken22, a pan-African venture capital company. Global payments giant Visa also participated in the round. The round included current investors Y Combinator, Saviu Ventures, Axian, Plug & Play, Verod-Kepple Africa Ventures, and Acadian Ventures. With this investment, […]

Chao, a Nigerian startup, helps students quickly and reliably order food, groceries, and medicine delivery to campuses. The company aims to make essential services more accessible by letting people order them online and delivering them quickly. Gift Akobundu, the company’s founder, a student at the time, struggled to find food after long days at school […]

To enhance clients’ travel experiences, Kenyan startups BuuPass, a transportation platform, and mTek, a prominent digital insurance company, have created a strategic relationship. The partnership aims to incorporate complete trip insurance into the booking process. Revolutionizing Travel: BuuPass and mTek Unite BuuPass, founded in 2016 by Sonia Kabra and Wyclife Omondi, is a pioneering B2B2C […]

Sendsprint, a Nigerian fintech startup, has revealed that it has bought Nobel Financial, a US-based global money transfer service. With this purchase, Sendsprint will be able to offer more services and reach more people in the United States. Sendsprint will also be able to support money transfers and gifting from customers in 16 US states, […]

The Irish Tech Challenge South Africa 2024 has selected seven local tech start-ups. Now in its third year, the collaboration is designed to establish mutually beneficial partnerships between South African entrepreneurs and Irish technology expertise by capitalising on Ireland’s global tech centre status. More than 350 entries from South African-owned, growth-stage tech start-ups dedicated to […]

The third African-focused venture capital fund, HAVAÍC, has reached its first close of US$15 million. The fund is aimed at raising US$50 million. The South African firm is working with Universum Wealth and the SA SME Fund as key investors. Leading African venture capital manager HAVAÍC helps high-growth, early-stage African-born technology companies succeed both domestically […]

Google-parent Alphabet’s plans to acquire Israeli cybersecurity startup Wiz for a record $23 billion has reportedly come to an end. If the deal would’ve gone through, this would’ve been the tech giant’s biggest-ever acquisition. According to a memo obtained by Reuters, Wiz’s CEO Assaf Rappaport has revealed the reasons behind the company’s decision to terminate […]

Startups in Africa, supported by the Google for Startups Black Founders Fund, have secured $266 million in venture capital over the past three years. This was revealed in a report by Google for Startups and Notion Capital, which measured the impacts of the Google initiative in Africa and Europe. The programme, which raised an additional […]

Kenyan climate startup Bio-Logical has raised $1.3 million to build out its Mount Kenya biochar plant. This would boost efforts to improve Kenyan smallholder farmers’ standard of living and expand production capacity. CrossBoundary, Redshaw Advisors and other existing investors, including the Steyn Group, led the funding round. Rory Buckworth, co-CEO of the company, expressed enthusiasm […]

The Wall Street Journal says that Google is reportedly considering spending $23 billion to acquire Wiz, a cloud cybersecurity business with Amazon and Oracle partners. Google would have paid the highest it has ever paid for a firm, about twice as much as it did for Motorola Mobility in 2012. According to the company, the […]

Kefilwe, a 25-year-old marketing graduate who doesn’t have a job, can use the internet for an hour at Unique Solutions, an internet café in Francistown, Botswana’s second-largest city, for 15 pulas ($1). She wants to apply for Chema-Chema, a government scheme that gives 500 million pulas ($37 million) to people who want to start their […]