Startup

In the fintech space, it appears that the more, the merrier is the watchword. However, one name is breaking ground and making a name for itself among the big names. Mukuru is certainly not your popular name in the fintech space, but it is pushing the boundaries and innovatively making…

The narrative of failed startups in Africa in 2023 provides crucial insights into the challenges and realities of the startup landscape on the continent. Despite the surge of interest and investment in African startups, this year marks a significant downturn, with several promising startups closing their doors. Funding difficulties, operational…

Elon Musk‘s neural technology company, Neuralink, is gearing up to begin human trials for its wire implant procedure amid emotionally-driven safety concerns raised by the global online community, especially on Twitter. Bloomberg cited Ashlee Vance, Musk’s biographer, who says the company is preparing for a significant leap forward. Even before…

WeWork, once celebrated as a revolutionary force in the global coworking space landscape, has officially filed for Chapter 11 bankruptcy protection in New Jersey, United States. The workspace solutions giant, which attempted to go public in 2019 with a valuation of $47 billion, experienced what can only be described as…

Amidst the judicial proceedings that transpired on October 11, 2023, in the heart of New York City, Caroline Ellison, the erstwhile helmswoman of the crypto hedge fund Alameda Research, is set to once again take the witness stand. She finds herself enmeshed in Sam Bankman-Fried’s trial, the former luminary at…

Crypto exchange platform, Patricia recently found itself under a cloud of suspicion and mistrust, as a series of concerning events have unfolded, leaving both experts and users puzzled. With an 80% reduction in the company’s workforce and unresolved customer concerns, Patricia’s reputation in the crypto world seems to be hanging…

The sudden shutdown of 54Gene has created quite a stir and lots of talks in the health tech world, especially for companies and start-ups in Africa. 54Gene started with big, promising ideas, aiming to change the way we study genetics in Africa. Founded in 2019, 54Gene sought to change the…

In today’s global landscape, Nigerian startups have emerged as formidable players, continuously innovating and attracting funding from investors seeking lucrative returns. Despite economic challenges, these startups managed to secure over $1.2 billion in funding in 2022, solidifying Nigeria as a favored destination for venture capital. This funding trend not only…

In 2021, African money-transfer startup Chipper Cash was valued at $2.2 billion. However, it struggled to adapt to the funding collapse in 2022, resulting in layoffs and a deep valuation cut. The company, co-founded by Maijid Moujaled and Ham Serunjogi, is now focusing on profitability in an attempt to weather…

Moniepoint, a prominent African Fintech firm specializing in offering banking services for businesses, has commenced the 3rd edition of its women in Tech internship program with a grand event dedicated to honoring the latest cohort of talented and aspiring women in the technology sector. This event united exceptional female technical…