For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign ...

Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu ...

The influential accelerator Y Combinator made a splash in Africa in 2020 when it shined its light on the market and began to accept startups from the region into its cohorts. The move was huge: ...

A fintech from Ivory Coast — part of one of the most economically challenged and financially fragmented regions in the world — has raised funding for an ambitious goal: to become the “Stripe for Francophone ...

An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked ...

Helping consumers find the perfect glasses is a booming global business, spawning giants like Warby Parker in the U.S. and Lenskart in India. In the Middle East, this market is producing its own rising powerhouse: ...

Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close ...

Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific markets or completely shut down due to issues like harsh regulatory ...

In January last year, German biotech company BioNTech acquired African AI startup Instadeep for over $550 million, a deal finalized in July of the same year. Instadeep, whose exit is currently the largest from Africa, ...