Tactful AI Gets Backing From Former e& CEO Hatem Dowidar Ahead of 2027 Series A
Tactful AI, the Egyptian agentic customer-experience startup, adds former e& CEO Hatem Dowidar as an investor after 11.7x ARR growth. What the deal tells us.
Startups & Funding
Fundraising news, founder profiles, accelerator programmes, and the money moving through African tech. The rounds that close and the ones that quietly fall apart.
Healthleap Raises $38 Million to Catch Hospital Patients Doctors Miss
Healthleap, founded by South African siblings, raised $38M from Sequoia, First Round and Hummingbird to flag hospital patients whose conditions are missed.
Milken-Motsepe Prize: 10 African Circular Economy Startups Named Semi-Finalists for $2 Million
The Milken-Motsepe Prize in Circular Economy has named 10 semi-finalists from Kenya, Ethiopia, Tanzania, Egypt and Nigeria. A $1 million grand prize is at stake.
How Five35 Ventures made 3.5 times its investment on Complete Farmer
Five35 Ventures made 3.5x and a 38% IRR selling its Complete Farmer stake in a secondary deal. Here is what the Ghanaian agritech exit says about African VC.
Why Emmanuel Obiechina ditched dedicated apps to build a bank inside your DMs
Faced with high app acquisition costs and low retention rates, founder Emmanuel Obiechina pivoted away from standalone mobile apps. By launching Kure, he built a banking service operating directly within messaging platforms like WhatsApp and Telegram.
MNT-Halan IPO: Egypt's Fintech Starts Trading on the EGX After 43.6x Retail Demand
The MNT-Halan IPO drew orders 43.6 times the retail tranche and 11.2 times the private tranche. Shares in Egypt's fintech start trading on the EGX on 20 October.
Airtel Money Global Pay Card Heads to Kenya to Take On M-Pesa GlobalPay
The Airtel Money Global Pay Card, a Mastercard virtual card, is coming to Kenya. Here is how it compares with M-Pesa GlobalPay and what users should watch for.
MAX Extends Its Series B3 to $29 Million as US Climate Fintech Nithio Joins
Nithio's investment takes the MAX Series B3 round to $29 million. The Nigerian EV financing firm says it is now profitable in its largest market, Nigeria.
Onafriq Shuts Baxi Agent Banking in Nigeria After Five Years
Onafriq is winding down Baxi, its Nigerian agent banking unit, citing naira weakness, inflation and instant transfers. Agents have 30 days to move funds.
Kenyan Space Startup Satlyt Raises $8M to Run AI on Satellites
Satlyt, led by founder and CEO Rama Afullo, raised an $8M seed round led by non sibi ventures to run AI apps on satellite computers already in orbit.
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Moniepoint UK made $36,284 after taking on MonieWorld customers
Moniepoint UK Limited generated $36,284 in revenue for 2025 following the migration of customers from its diaspora remittance product, MonieWorld. The figure reflects one month of activity as the group reassesses its UK market footprint amidst rising competition and operational expenses.