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.
Raenest, Leatherback, Vesti, and Graph Emerge as Mercury Alternatives for African Entrepreneurs
Raenest, Leatherback, and Vesti are now the focus of several founders seeking new banking partners Leatherback is currently in talks with 50 startups about setting up U.S. banking accounts
Raenest, Leatherback, Vesti, and Graph pitch themselves to African founders as Mercury alternatives
African fintechs are wooing founders affected by Mercury's compliance changes. Raenest, Leatherback, and Vesti are pitching to startups seeking new banking partners.
Breaking: Y Combinator’s backs Ocular AI, a startup led by Zambian and Zimbabwean cofounders
Ocular AI has been selected for Y Combinator's winter 2024 batch. The startup was founded by ex-employees of Microsoft and Google.
Paystack reduces operations outside of Africa, affecting 33 employees in Europe and Dubai
Paystack has reduced its operations outside of Africa, trimming its workforce in Europe and Dubai. Paystack expanded its geographical presence by establishing offices in Accra, Cape Town, Dubai, and Nairobi.
