Nigerian online-only bank startup Kuda raises $1.6M

Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda is […]

Diving deep into Africa’s blossoming tech scene

Jumia may be the first startup you’ve heard of from Africa. But the e-commerce venture that recently listed on the NYSE is definitely not the first or last word in African tech. The continent has an expansive digital innovation scene, the components of which are intersecting rapidly across Africa’s 54 countries and 1.2 billion people. […]

WorldCover raises $6M round for emerging markets’ climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y Combinator, Western Technology Investment and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose […]

Partnering with Visa, emerging market lender Branch International raises $170 million

The San Francisco-based startup Branch International, which makes small personal loans in emerging markets, has raised $170 million and announced a partnership with Visa to offer virtual, pre-paid debit cards to Branch client networks in Africa, South-Asia and Latin America.  Branch — which has 150 employees in San Francisco, Lagos, Nairobi, Mexico City and Mumbai — […]

African tech leaders Fope Adelowo, Ken Njoroge, Tayo Oviosu to speak at Disrupt SF

Africa’s startup scene is growing by leaps and bounds, and three tech leaders are set to share insights on this vibrant space at Disrupt San Francisco.    Paga CEO Tayo Oviosu, Helios Investment Partners Vice President Fope Adelowo and Cellulant CEO Ken Njoroge will take the stage September 7 to discuss topics such as fintech, Africa’s […]