TechStream

Technology news around the ecosystem!

From Lagos to Nairobi

We give you summaries of happenings around tech, from developer stand-ups to the boardrooms.

  • Sycamore Eyes $29M Deposits After MFB Deal

    Nigerian fintech startup Sycamore is targeting ₦45 billion (about $29 million) in customer deposits following its acquisition of a microfinance bank (MFB), a move that signals the company’s ambition to deepen its footprint in Nigeria’s evolving digital banking sector. The Lagos-based fintech, known for its lending and savings products, recently secured regulatory approval to acquire…

  • Paystack Launches AI-Powered Merchant Dashboard Redesign

    African fintech giant Paystack has unveiled the first major rebuild of its merchant dashboard in nearly ten years, signaling a new chapter in how businesses across Africa manage payments, operations, and customer experiences. The redesign is more than a visual upgrade — it introduces artificial intelligence tools directly into merchant workflows, positioning AI as a…

  • GrowthLabs acquires Startup Gate in $656K Egypt startup deal

    Egypt’s startup ecosystem continues to mature as strategic consolidation becomes a key theme, with GrowthLabs announcing the acquisition of Startup Gate in a $656,000 deal aimed at strengthening early-stage venture support and expanding its innovation pipeline. The acquisition reflects a broader trend in North Africa’s emerging tech landscape, where accelerator platforms, startup studios, and ecosystem…

  • Lightrock closes $500M fund to boost energy access startups

    The global push for sustainable development and climate-focused investing has taken another step forward as Lightrock announced the closure of its $500 million Accelerate7 Fund, a vehicle designed to back startups working on energy access and inclusive infrastructure across emerging markets. The fund will focus heavily on companies building solutions that expand reliable, affordable, and…

  • Yango Group’s $150M Africa push intensifies ride-hailing rivalry

    The African mobility and digital services landscape is entering a new phase of competition as Yango Group commits to a $150 million investment strategy aimed at deepening its footprint across the continent. The move signals a significant escalation in the ride-hailing and super-app race, where global and regional players are increasingly competing not just on…

  • VERICASH wins three awards for leadership in digital finance enablement

    The digital finance industry continues to reward platforms that combine innovation with operational reliability, and the latest recognition of VERICASH underscores how strategic leadership is becoming just as important as product development in the fintech ecosystem. VERICASH has secured three major industry awards, a rare achievement that signals growing confidence in its role as a…