Accion Ventures Secures $61.6 Million Fund to Boost African Fintech Startups Amid Silicon Valley’s Declining Interest
Accion Ventures announced the final close of its new fund at $61.6 million. The investor pool includes Dutch bank FMO, France’s Proparco, and the Ford Foundation.
Luno brings tokenised US stocks to Nigeria one month after South Africa launch
Luno launched tokenised US stocks in Nigeria, one month after rolling it out in South Africa. Nigerian users can invest in 60 tokenised US stocks and ETFs for as little as ₦100 ($0.07).
This Nigerian startup plans to convert 1M vehicles from petrol to gas
Renda Africa plans to convert over one million vehicles to CNG across Nigeria, Ghana, and Kenya by 2027. The company claims its initiative could eliminate 3.32 million metric tons of CO2 emissions annually, equivalent to planting 115 million trees.
FNB & Art of Scale Launch Founders at Work
FNB and Art of Scale announced the launch of Founders at Work to support scale-up entrepreneurs. The initiative aims to help businesses navigate the challenges of scaling in the age of AI.
From Fintech to Football: Cardtonic Launches Tonic FC to Power Grassroots Talent in Nigeria
Tonic FC was launched as a grassroots football initiative in Nigeria, named after the fintech company Cardtonic. The idea for Tonic FC originated from informal discussions among Cardtonic's founding members.
