African Startups Beat Asia with $2.2B in Funding Despite Global Slowdown
African startups secured $2.2 billion in funding in 2024. This funding accounts for 0.6% of the worldwide startup funding total of $275 billion.
Raknida’s Journey: From Local Vision to Global Platform
Raknida secures a $100,000 grant from Arch Grants. Raknida is the only non-US startup selected from 574 applicants.
After expensive lessons in Ethiopia, Renew Capital wants to back West African startups
Renew Capital is expanding its investments in Africa, focusing on asset-light and tech-enabled businesses. The firm has opened its West African portfolio by investing in Affinity, a Ghanaian digital bank.
Remittance Startup Sendsprint Acquires Nobel Financial For US Expansion
Sendsprint acquires Nobel Financial Inc. to expand its services in the United States. Sendsprint will support money transfers and gifting from customers in 16 US states to recipients in African countries.
LemFi Expands Global Reach: Empowering Latin American Diaspora with Innovative Financial Solutions
LemFi is expanding its services to the Latin American diaspora market, beginning with Brazil and Mexico. The company aims to provide reliable, swift, and cost-effective financial services to Latin American immigrants in North America and Europe.
