Afropolitan, a startup that wants to build a digital nation for Africans, has raised pre-seed funding of $2.1 million, according to its co-founder, Eche Emole.
Lesaka Group (NASDAQ:NASDAQ:UEPS) Q3 2022 Earnings Conference Call May 11, 2022 8:00 AM ET Company Participants Bronwyn Nielsen - The Nielsen Network Chris Meyer - Group CEO Lincoln Mali -.
Allawee gets backed by Voltron Capital & ODX to scale credit infrastructure across Africa techcabal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcabal.com Daily Mail and Mail on Sunday newspapers.
Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019
In 2018, Carbon, a Nigerian fintech startup, made its financials public for the first time. Although typical for foreign private startups, it’s almost an anomaly in Africa. There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. At the time, the German investment outfit was a founding shareholder in the African-based unicorn.
While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow. Posting audited financials can prove detrimental for a private African company for several reasons, ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well.