Lemina Kelvett
Verified intelligence on African private markets — deals, companies, people, and policy — delivered every Friday.
Moniepoint Disburses $700 Million in Business Loans to MSMEs
Fintech giant Moniepoint has disclosed that it disbursed over $700 million in credit to micro, small, and medium enterprises (MSMEs), with 75% of borrowers accessing formal business credit for the first time.
M-KOPA Surpasses 10 Million Customer Milestone Across African Markets
uLesson Appoints Iheanyi Akwitti as CEO to Lead Group Growth
Paystack Achieves Financial Profitability in Nigeria
This Week by Sector
Moove raises $250M Series C at $2.1B valuation, led by Mubadala, Toyota's Woven Capital, and Ion Pacific
Moove has raised $250 million in a Series C round led by Mubadala Investment Company, with Toyota's Woven Capital and Ion Pacific co-leading, valuing the Lagos-founded mobility fintech at $2.1 billion — capital earmarked for building out an autonomous vehicle business.
Stripe Acquires Paystack to Expand African Payment Infrastructure
Global payment processor Stripe has acquired Paystack, a leading African payment gateway, for over $200 million, marking a major milestone for the continent's tech ecosystem.
Moniepoint Disburses $700 Million in Business Loans to MSMEs
Fintech giant Moniepoint has disclosed that it disbursed over $700 million in credit to micro, small, and medium enterprises (MSMEs), with 75% of borrowers accessing formal business credit for the first time.
Nigeria Dominates Africa's Top Finance Apps: 6 of the Top 10 Most Downloaded
Nigeria has cemented its position as Africa's preeminent financial technology hub, accounting for six of the top ten most downloaded finance applications on the continent.