Moniepoint burned through nearly $4 million in less than a year to enter the UK. And it has zero regrets. The Nigerian fintech has spent $3.77 million since February 2024 to crack the UK remittance market—and it's not done yet. The company set aside $7.39 million for its London…
Africa needs more bread. Literally and figuratively. A startup in Egypt raised $10 million to deliver bread. It's now worth $400 million. In Nigeria, the same idea would get laughed out of the room. The difference? The average Egyptian has 4x more money to spend than the…
After 13 years and over $250 million raised, M-KOPA is finally profitable. The Nairobi-based fintech that lets low-income Africans buy smartphones, solar systems, and insurance on credit posted a profit of $9.2 million in 2024. That's after losing $24.7 million the year before.…
Meta and Nigeria are talking it out. The tech giant is in settlement talks with Nigeria's Data Protection Commission after a $32.8 million fine earlier this year for violating the country's data privacy laws. The fine followed an investigation that found Meta processed…
Every year, hundreds of startups launch across Africa. Some raise millions. Some arrive with big headlines and bigger promises. And a good number of them end up in the startup cemetery. Some of the biggest failures weren't bad ideas. They were just Silicon Valley solutions…
incredible!
In 2020, two friends from London had a crazy idea: Give cars to people with no credit history. Everyone said they were insane. But 5 years later, their company is on track to become a $2 billion company, and Africa’s 10th unicorn. Here's how they pulled off the impossible...
In 2020, two friends from London had a crazy idea: Give cars to people with no credit history. Everyone said they were insane. But 5 years later, their company is on track to become a $2 billion company, and Africa’s 10th unicorn. Here's how they pulled off the impossible...
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