Business
UAE-Based JustAd Secures $5m Investment to Expand AI-Powered Advertising and Financing Platform
YAKUB ABDULRASHEED - UAE-based advertising technology startup, JustAd, has secured a $5 million investment from angel investor, Imad Jomaa to accelerate its international expansion...
Cascador, Sterling Bank Unveil $200 Million Fund to Unlock $1 Billion in Loans for Nigerian SMEs
YAKUB ABDULRASHEED - Cascador and Sterling Bank have announced a $200 million Small and Medium-sized Enterprise (SME) Credit Backstop Fund designed to expand access...
Dubai Doubles Venture Capital Fund to $272 Million, Raises Startup Investment Limit to $6 Million
YAKUB ABDULRASHEED - Dubai Integrated Economic Zones Authority (DIEZ) has doubled the size of the venture capital fund managed by its investment arm, Oraseya...
CashAfrica Partners Chicken Republic to Bring Tap-to-Pay Services to 350 Nigerian Outlets
YAKUB ABDULRASHEED - Nigerian contactless payment infrastructure startup CashAfrica has partnered with fast-food chain Chicken Republic to accelerate the adoption of mobile tap-to-pay services...
African Fintech Startup Kuunda Completes $5m Share Sale as E4E Africa Expands Stake
YAKUB ABDULRASHEED - South African fintech startup Kuunda has completed a $5 million secondary share sale led by investment firm E4E Africa, providing an...
Saudi Autotech Startup Autobia Raises $12 Million to Expand Digital Auto Parts Marketplace
YAKUB ABDULRASHEED - Saudi Arabian business-to-business (B2B) automotive technology startup, Autobia, has raised $12 million (SAR 45 million) in a Series A funding round...
OPay Moves Towards US IPO, Eyes Nigerian Stock Market Listing as Revenue Surges 136%
YAKUB ABDULRASHEED - OPay, one of Nigeria’s most widely used financial technology platforms, has filed a prospectus for a proposed initial public offering (IPO)...
South Africa’s LekkeSlaap Acquired by Local Investors as Founders Exit, New Leadership Targets Regional Expansion
YAKUB ABDULRASHEED - South African travel startup LekkeSlaap has been acquired by a consortium of local investors, marking a significant ownership transition for the...
Lagos Life Hits 7m Players in Less Than Two Weeks as Creator Plans Platform for Third-Party Developers
YAKUB ABDULRASHEED - Nigerian browser game, Lagos Life, has attracted more than seven million players in less than two weeks of its October 1...
Lighthouse Capital Seeks $50 Million to Back High-Growth Businesses in South Africa, Kenya
YAKUB ABDULRASHEED - Lighthouse Capital, an operator-led private equity firm, is seeking to raise $50 million to invest in high-growth mid-market businesses across South...
Kenyan Fintech Cloud9 Raises $1m to Simplify Cross-Border Payments for African Businesses
YAKUB ABDULRASHEED - Kenyan digital banking startup Cloud9 has secured fresh investment from cryptocurrency and fintech accelerator Alliance, bringing its total funding to US$1...
Moove to Exit Nigeria, Give Drivers ₦35bn Worth of Cars as Uber’s Departure Reshapes Mobility Market
YAKUB ABDULRASHEED - Mobility fintech company Moove is set to end its operations in Nigeria, with the company reportedly transferring eligible vehicles worth approximately...
