From Fintech to Frontier Tech: How South Africa Can Unlock Its Next Innovation Wave
South Africa has become something of a fintech powerhouse. Over the past decade, a generation of founders has reimagined payments,
• 7 min read
Dealflow
Stay up to date on venture capital deals, startup funding rounds, and investor activity driving Africa’s tech ecosystem. Dealflow tracks capital flows, spotlighting key fundraises and emerging investment trends across the continent.
Mustek Invests R7 Million in Local AI Marketplace Startup Business AI
Mustek acquires 51% stake in SA-based AI marketplace startup Business AI and posts improved FY25 margins despite revenue drop.
• 3 min read
Nedbank Acquires Fintech iKhokha in R1.65 Billion Deal to Boost SME Banking
The Nedbank Group, yesterday announced that it has entered into a binding agreement to acquire 100% of fintech innovator iKhokha
• 4 min read
Cerebrium Raises $8.5M to Scale Serverless AI Platform
Cerebrium, the serverless artificial intelligence (AI) platform founded in Cape Town and now headquartered in New York City, has raised
• 2 min read
African Startups Raise $365M in June, Totalling $1.4B in H1 2025
African startups raised $365 million in funding for the month of June, pushing total funding raised in the first half
• 1 min read
Wave Secures €117M to Expand Mobile Money in Africa
African financial services startup, Wave Mobile Money (Wave), has secured €117m (+$2.4 billion) in debt financing to expand its
• 2 min read
Lesaka Technologies to Acquire Bank Zero in R1.1 Billion Deal
Lesaka Technologies (Lesaka) is set to acquire digital Bank Zero for up to R1.1 billion, pending regulatory approvals. The
• 2 min read
African Startups Secure $254M in May 2025, Topping $1B YTD
African startups continued their strong momentum in May 2025, raising a total of $254 million across 36 disclosed deals. This
• 2 min read
AURA Raises R273M to Expand Emergency Response Tech to US
Emergency response platform AURA has secured R273 million (€13.5 million) in a Series B funding round co-led by investment
• 2 min read
OPEC Fund Approves Over $600M in New Financing To Drive Development
The OPEC Fund for International Development (OPEC Fund) has approved over $600m in new development financing to support sustainable infrastructure,
• 2 min read
Local AI Startup NOSIBLE Raises $1 million in pre-Seed Funding
Local artificial intelligence (AI) startup NOSIBLE has raised $1 million in pre-seed funding to support its growth, finance marketing expenditures,
• 1 min read
VC Firm Equator Closes $55M Fund to Drive Private Capital to African Climate Tech
African-based venture capital firm Equator raised $55 million for its first fund which will work to back early-stage climate tech
• 1 min read
EIB Global Invests $75 million in Helios Fund V
The European Investment Bank (EIB Global) has invested $75 million in Helios Investors V (Helios Fund V). The investment will
• 1 min read