Investors in African startups drop to lowest numbers since 2021, says report
Number of investors in financing deals over $100,000 dropped to about 520 in 2024 from over 850 in 2021. Active investors participating in more than ten deals of $100,000 fell from 28 in 2022 to 8 in 2024.
86% of African Tech Founders Report Impact on Wellbeing- Flourish Ventures Report
81% of founders enjoy their role as entrepreneurs. 86% of founders report a negative impact on their wellbeing.
Kenya’s Octavia Carbon Secures USD 3.9 M Seed Funding
Octavia Carbon raises USD 3.9 million in seed funding. Funding co-led by Lateral Frontiers and E4E Africa.
Zazuu, a payment marketplace for remittance services, has shut down
Zazuu, the fintech marketplace for cross-border payment networks in Africa, has shut down after failing to raise funding. The startup operated on the belief that a marketplace where customers could choose the cheapest remittance option could help lower prices by bringing transparency and increasing
