Flutterwave acquires Mono for $30 million in all-stock deal. Here is some backstory.
Flutterwave announced its acquisition of Mono in an all-stock deal valued at $30 million. The acquisition aims to enhance financial infrastructure in Africa through open banking.
The problem with the African tech ecosystem is its storytelling
By 2050, one in four people on Earth will be African, emphasizing the continent's demographic significance. The narrative 'Africa’s Rising' has previously attracted global investment, exemplified by Jumia's unicorn status.
Behind the Scenes: A Day in the Life of a Startup CTO in Lagos/Nairobi/Cape Town
CTOs in Africa's tech hubs balance technical leadership with business strategy to drive innovation. Over $2.2 billion was invested in African tech in 2024, emphasizing the pressure to deliver results quickly.
Next Wave: Failed startups leave us richer in some ways
Okra is scaling back and returning part of its funding to investors after five years of operation. The stigma surrounding startup failures in Africa often overshadows the reality that 90% of startups globally fail.
Okra not dead: Shuts Nebula, doubles down on payments
Okra's restructuring process is focused on scaling its payments business. The cloud services division, Nebula, has been shut down.
