Lemina Kelvett
Verified intelligence on African private markets — deals, companies, people, and policy — delivered every Friday.
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.