South Africa’s Happy Pay Bets on Zero-interest BNPL with $5M Seed Round

South African fintech Happy Pay has raised a $5 million seed round to expand its buy now, pay later alternative, which strips out interest and consume...

South African AI research startup Yazi has secured its first institutional round, with the company now valued at ZAR30 million, or about $1.8 million,...

Sistema.bio Lands $53M to Finance Biodigesters for African Smallholder Farmers

Sistema.bio has closed a $53 million first tranche for FarmCarbon, a carbon finance vehicle built to lower the cost of climate technology for smallhol...

IFC backs Lightrock’s New Africa Growth Fund with $20M

IFC has proposed a commitment of up to $20 million to Lightrock Africa Fund II, paired with a separate $5 million co-investment sleeve under delegated...

Aqua-Spark Closes $48M Africa Aquaculture Fund After Scaling Back Initial $300M Target

Aqua-Spark has completed the final close of its Africa-focused aquaculture vehicle with $48 million under management, ending a multi-year fundraising ...

Norrsken22 Leads $2.35M Seed Round for SA's Anti-fraud Startup Orca

South African fintech startup Orca has raised a $2.35 million seed round to expand its fraud-prevention platform for payment systems in emerging marke...

African Payments Orchestrator NjiaPay Lands $2.1M Seed to Tackle Fragmented Payment Systems

Payment performance partner NjiaPay has closed a $2.1 million seed funding round led by European B2B SaaS investor Newion....

Zeno Lands $25M Series A to Grow Battery-Swap Network for East Africa’s Motorbike Economy

Zeno has secured a $25 million Series A round to accelerate production of its battery-swap motorcycles and expand its charging network....

Moroccan-Senegalese Startup Weego Closes $1.1M to Accelerate Digital Transport Infrastructure

Moroccan-Senegalese startup Weego, founded by Saad Jittou and Mor Niane, today announced it has closed a $1.1 million funding round with Azur Innovati...