Capria VC wants to back two more African Series A startups with $1-$3 million each
Capria VC has $207 million in assets under management and has invested in 17 fund managers. The firm has direct investments in 41 startups, focusing on sectors like fintech, agtech, and healthtech.
Africa Boasts Nine Unicorns as Confidence in Scalability Grows
African startups secured $2.21 billion across 488 deals in 2024, a 22.73% decline from the previous year. The latter half of 2024 experienced a 24.96% surge in funding compared to the same period in 2023.
PalmPay Leads the Charge in Bringing Contactless Payments to Nigeria
PalmPay is launching tap-to-pay functionality in collaboration with CashAfrica to enhance digital payments in Nigeria. The pilot phase will begin with 1,000 POS terminals, with a nationwide rollout planned for March.
Moniepoint mirrors Jack-Dorsey’s Square with new POS
Moniepoint is testing an all-in-one POS terminal. The new POS combines payment processing, inventory management, and transaction reconciliation.
Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance
Nigerian fintechs faced fines and a six-week ban on onboarding new users due to compliance issues. The Central Bank of Nigeria (CBN) retired 18 directors, leading to a shift in regulatory stance.
