Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
Browsing: Flutterwave
A group of young entrepreneurs are looking to reinvent Zambia as an African technology hub – with support from ethereum co-creator Vitalik Buterin.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250-million in its single-biggest funding round to date.
The co-founders Skype and Flutterwave are among the big names backing a new tech growth fund aimed at investing in African “impact start-ups”.
Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.
Flutterwave is seeking fresh funding at a valuation of $3-billion or more, according to people with knowledge of the matter.
The Nigerian government is waging war on its technology industry.
A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.