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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

We aggregate that knowledge and provide one platform that ensures you don’t have to worry too much about trust,” the CEO added. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Founded by Yele Badamosi in 2017, Microtraction arrived on the continent’s early-stage investment scene with all intent to be “the most accessible and preferred source of pre-seed funding for African tech entrepreneurs.” The companies’ combined valuation stands at over $147 million according to the firm.

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital. However, a presence in Africa’s largest market, Nigeria, remained elusive for the company.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

This is the second fund for the nine-year-old Mauritius-headquartered investment firm. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. However , in 2016, Savannah transitioned into venture capital investing, focusing on seed and Series A stages within $25,000 to $500,000 checks.

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