african startups

Profitable African fintech PalmPay is in talks to raise as much as $100M

Fintech /

PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy […]

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From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised

Startups /

Startups globally have faced challenges over the last couple of years when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers. In addition, large mergers-and-acquisitions (M&A) deals have faced heightened regulatory scrutiny, particularly involving Big Tech or multi-billion-dollar conglomerates. Notably, a decline in venture investment within any startup

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