Flutterwave partners with IATA to expedite airline payments
Flutterwave has partnered with the International Air Transport Association (IATA) to enable airlines to process payments from local markets in Africa through various channels. This can address the issue of slow fund repatriation from flight tickets sold in local African currencies.
FairMoney raises $11 million for its challenger bank for emerging markets
Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC.
Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent
When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming good on that plan in the form of some M&A.
5 Billion Naira in Funding from FarmCrowdy to Small Scale Farmers in Nigeria Over 3 Years
Onyeka Akumah is a Nigerian-born entrepreneur and also the Founder and CEO of Farmcrowdy. Nigeria’s first digital agriculture platform has empowered over 12, 000 small scale farmers across 14 states in Nigeria since its first launched in November 2014. Prior to Farmcrowdy, Onyeka held several top management positions in high-profile organizations like Travel Beta, Jumia, […]
African fintech firm Flutterwave raises $35M, partners with Worldpay
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa.
Venture capital funds led by people of color face more bias the better they perform, Stanford researchers find
In their evaluations of high-performing venture capital funds, professional investors rate white-led teams more favorably than they do black-led teams with identical credentials, a new Stanford study finds
Male and Female Entrepreneurs Get Asked Different Questions by VCs — and It Affects How Much Funding They Get
There is an enormous gender gap in venture capital funding in the United States. Female entrepreneurs receive only about 2% of all venture funding, despite owning 38% of the businesses in the country. The prevailing hope among academics, policy makers, and practitioners alike has been that this gap will narrow as more women become venture […]
How venture capitalists make money and why it matters to you
Successful companies require 3 ingredients: the right idea at the right time with the right team. While the first two ingredients are no doubt important, in order to achieve any level of success, it requires a great team with a common goal.
Blockchain’s Potential in Africa
As crypto fever gripped many leading economies in 2018, Africa was shaping its own blockchain narrative—one more grounded in utility than speculation. Over the last year, the continent saw several ICOs and token launches. And use cases for blockchain in Africa are emerging to solve problems and unlock potential in agriculture, solar-energy, health-care, government, and […]
OBAMA FOUNDATION LEADERS: AFRICA SERVICE PROJECT
The Africa program will bring together 200 emerging leaders from 45 countries across the continent to explore new ways to take on the biggest challenges in their communities.