Techcabal news

TechCabal is a popular online publication that provides news, analysis, and insights on the African tech industry. Here are some of the latest news and updates from TechCabal:

Top Stories

  1. Nigeria's Flutterwave raises $170 million in Series C funding: Flutterwave, a Nigerian fintech company, has raised $170 million in Series C funding, valuing the company at over $1 billion.
  2. Kenya's Twiga Foods raises $50 million in Series C funding: Twiga Foods, a Kenyan e-commerce platform, has raised $50 million in Series C funding to expand its operations in East Africa.
  3. Egypt's Fawry raises $100 million in Series E funding: Fawry, an Egyptian fintech company, has raised $100 million in Series E funding to expand its digital payment services in the Middle East and Africa.

Startups

  1. Nigerian startup, Kuda, raises $10 million in seed funding: Kuda, a Nigerian fintech startup, has raised $10 million in seed funding to expand its digital banking services in Nigeria.
  2. South African startup, SweepSouth, raises $1.5 million in seed funding: SweepSouth, a South African on-demand cleaning services startup, has raised $1.5 million in seed funding to expand its operations in Africa.
  3. Kenyan startup, Sendy, raises $1.5 million in seed funding: Sendy, a Kenyan logistics startup, has raised $1.5 million in seed funding to expand its operations in East Africa.

Investments

  1. African startups attract $2.5 billion in investments in 2022: African startups have attracted $2.5 billion in investments in 2022, with fintech and e-commerce startups receiving the majority of the funding.
  2. VC firms invest $1.2 billion in African startups in Q3 2022: Venture capital firms invested $1.2 billion in African startups in Q3 2022, with Nigeria and South Africa receiving the majority of the funding.
  3. African startups raise $1.1 billion in Series A funding in 2022: African startups have raised $1.1 billion in Series A funding in 2022, with fintech and e-commerce startups receiving the majority of the funding.

Trends

  1. Fintech remains the most popular sector in African tech: Fintech remains the most popular sector in African tech, with startups in the sector attracting the majority of investments in 2022.
  2. E-commerce growth accelerates in Africa: E-commerce growth has accelerated in Africa, with online shopping platforms and marketplaces experiencing significant growth in 2022.
  3. African startups focus on digital transformation: African startups are focusing on digital transformation, with many startups in the sector using technology to improve efficiency and reduce costs.

These are just a few of the latest news and updates from TechCabal. For more information, you can visit their website at www.techcabal.com.