Uganda’s Financial Inclusion Landscape Evolves with Agent Banking Company’s New Investment
Goodwell Investments secures investment in ABC, enhancing Uganda's fintech potential. ABC operates under a license from the Bank of Uganda as a Payment Systems Operator.
Exploring the surge in fraud in Nigeria's burgeoning fintech industry
11,532 fraud cases reported in Q2 2024, up from 11,472 in Q1. Losses from fraud increased from ₦2.9 billion in Q1 to ₦56.3 billion in Q2 2024.
Y Combinator Cut Back On African Startups, But New Plan Spells Rebound
Y Combinator has backed over 100 African startups, including Flutterwave, Paystack, and Wave. The number of African startups accepted into YC dropped by more than half, from 24 in W22 to only 3 in W23.
Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit
Thepeer shut down in April 2024 and returned $357,960 to investors in June. The startup raised $2.1 million in a June 2022 seed round but had only $450,000 left when it shut down.
Next Wave: How investor activity changed after 2022
A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment. Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
