Kenyan Authorities Drop Charges Against Flutterwave, Partech Closes Historic $263M Africa-Focused Fund, Solar Fintech SunFi Raises $2.325M, and More
Africa Fintech Summit
The global initiative dedicated to building an ecosystem of investors, pioneers, industry leaders in African Fintech.
What's inside?
? Kenyan authorities drop charges against Flutterwave
? SA's Pick n Pay now accepts Bitcoin
? Solar fintech SunFi raises $2.325M USD
? Partech closes historic $263M USD fund?
AND MORE!
Making the news
Kenya drops financial impropriety case against Nigeria-born fintech?unicorn, Flutterwave
"[A]?Kenyan high court has now dropped the charges against Flutterwave. The decision to drop those charges comes two months after similar charges filed against Korapay, another Nigerian fintech startup,?were also dropped.?Three other Nigerian startups also had charges dropped against them."?Learn more.?
One of South Africa's biggest retailers, Pick n Pay, now accepts Bitcoin?
"South African grocery retailer Pick n Pay is now accepting Bitcoin?in all of its 1,628 stores following a three-month pilot testing phase in 39 locations.?As part of its nationwide rollout, store customers will be able to pay for items using cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand’s conversion rate at the time of payment."?Learn more.?
Startup & Funding Activity
Egypt -?CRM platform,?Gameball, raises $3.5M USD?seed funding with investment from 500 Startups, P1 Ventures, and Launch Africa
Egypt -?Health-commerce & InsurTech startup,?Yodawy, raises $16M USD?with backing from Global Ventures and Delivery Hero Ventures?
Morocco -??Fintech startup,?Gwala, raises undisclosed pre-seed?funding round for product development, geographic expansion, and talent acquisition
Nigeria?- Solar fintech startup,?SunFi, raises $2.325M USD?seed funding to help grow operations and improve its capabilities?
Investor Activity
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Featured Articles
After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem - Tage Kene-Okafor in TechCrunch?
"In Africa, incubators, accelerators, angels and seed investors easily outnumber larger funds — simply because it’s much harder to raise a large fund here. They accounted for more than 70% of the 1,100+ investors that participated in at least one deal on the continent last year."?Continue reading.?
Eight ways to raise capital for your startup - Stephen Oluwadara in Benjamindada.com?
"Raising capital for your business idea is one of the difficult hurdles every entrepreneur must overcome. To execute your ideas or grow that business, you need financing to make it happen. Most African entrepreneurs started from scratch, just like you. So we profiled a number of them to show you how they raised capital for their businesses."?Continue reading.?
AFTS partners in the news
Long-time AFTS partner, Flutterwave expands to North Africa
"Nigerian fintech unicorn, Flutterwave, has acquired its Payment Services Provider and Payment Facilitator licenses in Egypt, marking its entry into the North African region. The licenses will enable Flutterwave to act as an official payment service provider in the country, collect payments on behalf of its customers and settle payments locally and globally."?Continue reading.?
AFTS in the headlines
Nominate your favorite?fintechs for the annual?Excellence in Fintech Awards?
At each April edition of the Africa Fintech Summit, we recognize leading stakeholders in the African fintech industry with an awards ceremony during AFTSDC. Submit your nominations for the awards?HERE.?
Registration is Open!!! 9th Africa Fintech Summit comes to Washington, DC on April 14, 2023
This April's edition of the Africa Fintech Summit will take place alongside the Spring Meetings of the World Bank/IFC from April 10-16, 2023 in Washington, DC. AFTSDC2023 will be hosted on April 14, 2023 and will feature 80+ speakers, 12 panel sessions, several workshops, VIP Dinner overlooking the White House, New Venture Competition, Networking Happy Hour, and MUCH MORE!