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Fintech is Not Enough: Why Startup Investments in Africa Must Diversify Across Sectors
Africa is often considered one of the world's largest untapped venture markets, and this potential has fueled interest in the region's tech startups. But as Elo Umeh of Terragon Group explains, though investments have been increasing, they have typically focused only on certain sectors, like fintech and off-grid tech. He explores the value in diversifying these investments across other growing industries, including edtech, agritech and martech, and urges founders and investors to extend their resources to build a robust and complementary technology ecosystem on the continent.
- Categories
- Investing, Technology
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LoftyInc Capital Launches Third Fund at $10 Million for a More Diverse Portfolio of African Startups
LoftyInc Capital, a pan-African VC firm, announced that it is launching its third fund for tech startups in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, startups, venture capital
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Supporting Farmers and Food Systems: How Crowdfunding Can Address Funding Challenges for Agricultural SMEs in Africa
Agriculture employs over 70% of the working population in Africa, making it a cornerstone of the continent's economic progress and livelihood development. But as Esther Mweru and Jerry Sellanga at 2SCALE explain, the financial strain of COVID-19 — combined with previously existing market inefficiencies — is putting many vulnerable farmers and agricultural small and medium enterprises (SMEs) at risk. They explore how crowdfunding can provide a financial lifeline to these smallholders and businesses, and discuss how 2SCALE is using it to support agribusinesses in Mali, Nigeria and Kenya.
- Categories
- Agriculture, Finance, Technology
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African Fintech pawaPay Secures $9 Million In a Seed Funding Round
According to reports the funding will be used to help scale the fintech’s operational presence, grow the existing team and expand in new markets across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Visa To Enable Deeper Financial Inclusion With Offline Payments in India
The technology will allow users to make transactions using chip-based Visa debit, credit, and prepaid cards even in places with low or no internet connectivity.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Africa-Focused Payment Firm Opay Raises $400 Million in Funding Round Led by SoftBank
OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, said it has secured $400 million in its latest funding round.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Fintech Company CapitalSage Technology Raises $4 Million To Accelerate the Company’s Growth
CapitalSage Technology Limited's expansion is mostly driven by their agenda to provide sustainable and inclusive digital financial infrastructure.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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AC Ventures, Kenangan Fund Join Durianpay’s US $2 Million Round Led by Surge
Durianpay provides small e-commerce merchants with a one-stop solution for easy-to-integrate modern APIs and dashboards in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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