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Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June – TechCrunch

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch first got a whiff of the layoff news on LinkedIn, where Jessica Chervin, a former Andela executive who joined Wave as an expansion lead in March, wrote that she was leaving […] ....

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Francophone Africa's first unicorn Wave lays off 300 employees

Francophone Africa’s first unicorn, Wave, laid off 15% of its staff last month. The wave of layoffs continues to sweep through Africa with mobility startup Swvl and healthtech startup Vezeeta laying off 400 and 50 employees respectively. ....

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TechCabal Daily - The crypto game 🎮

Read Friday's edition of #TCDaily: Africa’s first metaverse crypto game- Google Africa's first investment in Uganda- Nigeria’s Startup Bill inches closer to enactment- TC Insights: Funding Tracker ....

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa – TechCrunch

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration. Wowzi, which connects social […] ....

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Kenyan tech start-up gets Sh226m to expand into three countries

Kenyan start-up Wowzi, has received Sh225.8 million funding as the company moves to expand its products beyond influencer marketing and open in three more countries. ....

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