Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa
Djamo raised $17 million to expand its product suite and services. The funding round is the largest ever for an Ivorian startup, surpassing Djamo's previous $14 million Series A.
African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close
LoftyInc Capital has reached the first close of its third fund, LoftyInc Alpha, at $43 million. The fund will target late-seed and Series A startups, expanding its geographical focus across Nigeria, Egypt, Kenya, and Francophone Africa.
10 Startups to Watch in 2025 in West Africa
West Africa's startups received $2.8 billion in venture capital funding in 2024, a 50% increase from 2023. Fintech accounted for 31% of total funding, connecting 30 million people to banking services.
HUB2 Fintech Raises €8 Million to Expand Digital Payments in Francophone Africa
HUB2 secures EUR8 million in Series A funding. Funding led by TLcom Capital with participation from multiple investors.
Rethinking Fintech Distribution In Africa: The Role Of ‘Undiscovered Founders’
Funding for African startups grew 18.5x from 2016 to 2022, with 45% of it attributed to fintech. 75% of all equity funding secured by African fintech startups in 2023 went to just 10 companies.
