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How African startups raised investments in 2020

TechCrunch

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9% Funding raised by Kenyan startups reached $191.4 million.

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Nigeria’s AltSchool raises $1M pre-seed to build an alternative school for Africans

TechCrunch

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. In 2020, Yusuf toyed with the idea of building a physical campus where he and his team would train software engineers to get international opportunities.

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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem over the past few months, especially among startups that have raised vast sums of venture capital within the last year or two; for instance, Swvl laid off 400; Wave , approximately 300; 54gene , 95; and Vezeeta , 50.

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Reports say African startups raised record-smashing $4.3B to $5B in 2021

TechCrunch

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? How many deals and how much did African startups raise? Briter Bridges : African startups raised $4.9 billion to $1.5

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How African startups raised venture capital in 2022

TechCrunch

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG

TechCrunch

The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets. Image Credits: Pezesha.

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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. and the E.U.,

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