These founders turned a lockdown problem into an AI startup
Trackfundx was launched in June 2022 to help users track spending across multiple bank accounts. The founders faced challenges with open banking integrations, leading to reliability issues.
Kenya’s fixed internet market grows 32% as fibre, wireless and satellite expand
Kenya's fixed internet market reached 2.84 million connections by June 2026, marking a 32.4% year-on-year growth. Fibre optic connections rose by 29.7% to 1.57 million, accounting for over half of the fixed internet subscriptions.
Airtel Money’s London IPO faces a smaller raise after investor feedback
Airtel Money is seeking to raise at least $800 million through a London IPO, down from an earlier target of $1.5 billion to $2 billion. The IPO could launch as soon as the week of September 21, although final terms are yet to be confirmed.
Kenyan fintech Payd to resume services after FX losses disrupt customer payouts
Payd paused payouts in May due to foreign exchange losses impacting customer balances. The company plans to resume services on September 18, allowing users to track existing balances.
Nigerian Cybersecurity Startup Aeon Raises $1 Million With Backing from Terra Industries
Aeon raised a $1 million seed round led by Terra Industries. Flutterwave co-founder Olugbenga Agboola participated in the funding through Resilience17.
