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Kuunda’s $5 Million Deal Opens Exit Route for Early Investors
Kuunda, a fintech company focused on providing financial services to businesses across emerging markets, has secured a $5 million secondary share deal that will allow early investors to exit their investments. The transaction highlights the growing importance of secondary share sales in Africa’s startup ecosystem, where investors are increasingly seeking ways to realise returns without…
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MAX Raises $29 Million to Expand Electric Mobility in Africa
Nigerian electric mobility startup Metro Africa Xpress (MAX) has secured fresh financing from US-based climate fintech company Nithio, bringing its Series B3 funding round to $29 million. The investment will support MAX’s expansion of affordable electric transportation and clean energy infrastructure across West and Central Africa. Announced by Nithio on October 12, 2026, the investment…
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Wise Wins Approval to Launch Money Transfers in South Africa
Global financial technology company Wise is moving closer to expanding its international money transfer services in South Africa after receiving regulatory approval to operate in the country. The development could give South African consumers and businesses another option for sending and receiving money across borders. Wise, formerly known as TransferWise, has built its business around…
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Nigeria’s Tech Pay Gap Widens as Gender Inequality Persists
Software engineers in Nigeria earn significantly more than medical officers, highlighting the growing divide between technology and healthcare salaries. However, the gender pay gap reveals another layer of inequality, raising questions about how earnings differ between men and women across professional sectors. The reported pay disparity reflects the increasing value placed on technology skills as…
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Trino Studios Backs African Animation Through Mallam Ilia Film
Trino Studios’ entry into the investor group comes as African production companies increasingly explore ways to turn locally rooted stories into internationally marketable entertainment. The investment reflects a broader opportunity to develop African literary works, cultural histories and original characters into intellectual property that can reach audiences across multiple platforms. Founded by Nigerian filmmakers, Trino…
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African Startup Funding Hits $2.49B as Investment Recovers
The reported total represents a 7.8% increase from the $2.30 billion recorded during the same period in 2025. However, the number of disclosed transactions fell from 403 to 315, suggesting that a smaller number of deals accounted for a larger share of the capital raised. The third quarter was a major contributor to the improvement.…