Trump congratulates Nigeria for Twitter ban, says more countries should do the same

Today, former President Donald Trump issued a statement supporting the Nigerian government’s decision to suspend Twitter activities in the West African country. “Congratulations to the country of Nigeria, who just banned Twitter because they banned their President,” he said in the statement. The ex-president also encouraged other countries to follow in Nigeria’s footsteps and ban […]

Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in LatAm

Just about every week there’s a blockbuster round coming out of South America, but in certain countries such as Ecuador, things have been more hush-hush. However, Kushki, a Quito-based fintech, is bringing attention to the region with today’s announcement of an $86 million Series B and a $600 million valuation. “We never thought that we […]

African fintech OPay is reportedly raising $400M at over $1.5B valuation

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November. The $170 million raised so far came from mainly […]

Equity Monday: Crypto’s awful weekend, Apple v. Epic and funding rounds galore

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]

Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA

Per a recent report by Bain & Co., e-commerce is expected to grow to $28.5 billion in MENA by 2022 from a 2019 value of $8.3 billion. Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. But for any e-commerce business […]

Why SPACs aren’t targeting African startups

One. That’s the number of African tech companies that have gone public on the NYSE in the last 10 years. Two, if you’re counting local exchanges. The former is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry. As a tech company, Fawry’s listing on the Egyptian Stock Exchange is a rarity. […]

Geothermal technology has enormous potential to power the planet and Fervo wants to tap it

Tapping the geothermal energy stored beneath the Earth’s surface as a way to generate renewable power is one of the new visions for the future that’s captured the attention of environmentalists and oil and gas engineers alike. That’s because it’s not only a way to generate power that doesn’t rely on greenhouse gas emitting hydrocarbons, […]

Google to offer 40,000 developer scholarships in Africa; continues accelerator program

Google today announced the launch of 40,000 new developer scholarships in Africa. Google will offer the scholarships — created in partnership with tech talent companies Pluralsight and Andela — to developers spread across mobile and cloud development tracks. According to the statement released by the company, Google will give full scholarships (with certifications in Android and […]

Dear Sophie: How can I get my startup off the ground and visit the US?

Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: How can I get […]

Equity Monday: Microsoft buys Nuance, Uber isn’t dead, and Austin has a new unicorn

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]