Funding Archives

East African Startups Raised the Most Funding in May 2023.

Jonathan N. LubwamaICT Startups The Big StoryJune 6, 2023June 6, 2023

As per Africa: The Big Deal, African startups raised $621.8 million from just 34 deals which makes it an average of $18.3 million per deal in May 2023. This is…

Ugandan Fintech Zofi Cash Raises USD 1 Million to Disrupt the Salary Advance Industry in Africa.

Jonathan N. LubwamaCEOs ICT Profiles Startups The Big StoryMay 29, 2023May 30, 2023

Ugandan fintech, Zofi Cash, has raised USD 1 Million in a pre-seed round from Advancly. The funding round, which is purely debt, will see Zofi Cash extend its salary advance…

How Future Africa’s Olga Kiconco is Charting Her Own Path in Venture Capital.

Jonathan N. LubwamaICT Profiles StartupsMay 22, 2023June 6, 2023

When Olga Kiconco finished her Bachelor’s Degree in Telecom Engineering at a university in Malaysia in 2013, she knew it was time to look for jobs. But when she came…

Asset Financing Startup M-Kopa Raises Over $250m Debt and Equity

Jonathan N. LubwamaCompany News East Africa Finance Fintechs ICT Industry & Analysis Startups The Big StoryMay 16, 2023May 16, 2023

African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…