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

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch...

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Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

Autochek said it will tap CoinAfrique’s customer base in Francophone Africa to accelerate its growth.

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Khaby Lame dethrones Charli D’Amelio as the most-followed TikTok creator

Just in time for VidCon, TikTok has a new most-followed creator on the platform: Khaby Lame, a 22-year-old from Senegal who rose to fame by stitching...

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Snap will pay 25 Black creators $120k in a new accelerator program

On stage at VidCon, Snap announced its first accelerator program for emerging Black creators. Over the course of a year, Snap will pay 25 selected...

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Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work...

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Betastore gets $2.5M to solve stock-outs, financing challenges for informal retailers in West and Central Africa

Betastore eyes Ghana, the DRC and Cameroon markets after raising $2.5 million in pre-series A funding from 500 Global, VestedWorld, and Loyal VC.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

Norebase allows founders and businesses to start and scale across a number of African countries.

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Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir

Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains...

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The latest list of YC-backed companies worth over $150M is the most geographically diverse yet

In 2018, Y Combinator released its first mega list of the top companies valued at $150 million or more that have gone through the accelerator. Over...

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Game studios come together to grow industry in Africa

Ten game development studios in Africa have come together under one umbrella, the Pan Africa Gaming Group (PAGG), in an effort to unify the...

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Reports say African startups raised record-smashing $4.3B to $5B in 2021

Last year was record-breaking for African startups. I know I’m probably starting to sound like a broken record, but the astronomical growth is...

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Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. It’s not the same...

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Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part...

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Equinix is acquiring Nigeria’s MainOne for $320M as it expands into Africa

Equinix announced today that it is acquiring MainOne, a West African data center and connectivity solutions provider with a presence in Nigeria,...

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Francophone African super app Gozem grabs $5M to expand and offer more services

Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has...

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