Nigerian trade-tech startup Niteon has secured a major victory, winning the UN Sustainable Enterprise Accelerator Fund after outperforming a massive Brazilian food conglomerate in the final selection round.
Assaf Rappaport has invested in Israeli cybersecurity startup Guardio, helping the firm reach a $1.1 billion valuation following his massive exit from cloud security firm Wiz.
Fintech startup Nomba has secured a $3 million debt facility from CardinalStone Finance Company to expand its cross-border payment infrastructure between Africa and Asia.
Debt financing has surged to 41 per cent of all capital raised by African tech startups, reflecting a strategic shift to avoid equity dilution amid a global venture capital slowdown.
Voltaa Mobility has launched an integrated application in Nigeria combining electric passenger rides, dispatch services, and B2B commercial truck rentals.
