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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
- Entrepreneurship
- Region
- Sub-Saharan Africa
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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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pawaPay Raises $9 Million Seed Backed by MSA Capital, 88mph and Mr Eazi’s Zagadat Capital
PawaPay is tackling technical complexities in creating a unified infrastructure for businesses that need digital payments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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CapShift – An Impact Investment Platform Has Secured $5 Million in Funding
CapShift announces series a raise of $5 million to scale its charitable impact investing platform.
- Categories
- Investing
- Region
- Global
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AgNext Technologies lands $21 million Led by Alpha Wave Incubation
AgNext Technologies has raised $21 million in its Series A round, led by Alpha Wave Incubation (AWI), in the largest Series A funding received by an Indian agri-tech startup so far.
- Categories
- Technology
- Region
- Asia Pacific
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India’s Eruditus Valued at $3.2 Billion in $650 Million Fundraise
The universities and Eruditus work to develop courses that are aimed at offering higher education to students.
- Categories
- Education
- Region
- Global
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Going Beyond Capital: How Impact Investing Can Become More Accessible and Inclusive
There's a troubling trend in the impact investing sector: Despite growing awareness of the need for more socially conscious investing, most investors don't know how to get started — and they often don't realize the breadth of opportunities they have to make an impact. Eva Yazhari of Beyond Capital Ventures explores ways to make this young industry more accessible, and explains how investors can — and should — address the bias and exclusivity that are preventing impact investing from maximizing its potential.
- Categories
- Investing