MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
Browsing: Flutterwave
Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250-million in its single-biggest funding round to date.
The co-founders Skype and Flutterwave are among the big names backing a new tech growth fund aimed at investing in African “impact start-ups”.
Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.
Flutterwave is seeking fresh funding at a valuation of $3-billion or more, according to people with knowledge of the matter.
The Nigerian government is waging war on its technology industry.
A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.
Nigeria’s biggest mobile payments company is vying to become Africa’s next unicorn, and its ambitions now stretch beyond the continent.
In recent years, Lagos, Nigeria’s biggest city, has become Africa’s most attractive tech hub for investors. But that could be imperilled by the government’s decision to suspend Twitter’s operations in the country.