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Jem Raises $8.4M to Transform Workforce Management
South African workforce technology startup Jem is entering a new phase after raising $8.4 million in Series A funding to expand its WhatsApp-based platform for frontline and deskless workers. The round was led by Quona Capital, with participation from University Technology Fund, E4E, Next176/FutureGrowth and angel investors including former Old Mutual CEO Iain Williamson. Jem,…
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Exits MENA Expands Into Private Capital
Egypt’s private capital market is entering a potentially significant new phase as Exits MENA moves to acquire Avanz Capital Egypt (ACE), a private equity and asset management firm. The multi-seven-figure transaction, signed in partnership with ACE’s existing local management, is designed to expand Exits MENA’s capabilities beyond advisory services and deepen its presence across Egypt…
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MYPADI AI Simplifies Crypto Cash-Outs
Nigeria has become one of Africa’s most active cryptocurrency markets, but turning digital assets into everyday money can still be complicated. Users often have to navigate exchanges, peer-to-peer markets, wallet addresses and multiple verification processes before converting crypto into naira. MYPADI AI is trying to simplify that experience by bringing crypto off-ramping directly to WhatsApp.…
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Saly AI Builds Smarter Financial Infrastructure
Africa’s fintech sector has spent much of the past decade solving a basic problem: how to move money faster and more conveniently. Now, a new generation of financial technology companies is trying to solve a bigger challenge—how to make financial services intelligent. Saly AI is taking this approach by combining conversational artificial intelligence with financial…
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Youverify Leads AI Governance in RegTech
As artificial intelligence becomes increasingly embedded in financial services, the question is no longer whether companies should use AI, but how they can use it responsibly. For banks, fintechs and other regulated businesses, AI must deliver efficiency without creating new risks around fraud, privacy, bias and regulatory compliance. This is where Nigerian RegTech company Youverify…
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Kenya’s AI Boom Depends on Energy
Africa’s growing interest in artificial intelligence is creating a new conversation about an issue that has long constrained the continent’s digital ambitions: energy. The proposed $1.5 billion artificial intelligence project by AMACO in Kenya highlights how closely the future of AI infrastructure will be tied to reliable, affordable and sustainable power. AI requires enormous computing…