Startup News Africa

News, updates and latest Information on African Startups.

[StartupList Africa @StartupListAF]

🔎 Africa’s fintech IPO watchlist

MNT-Halan • Airtel Money • OPay • PalmPay • Tyme Group • Flutterwave

Where their publicly reported plans stand, from listing preparations to longer-term ambitions.

[StartupList Africa @StartupListAF]

Older startups are taking a larger share of funding activity in Africa 📊

Companies aged 6+ accounted for 59% of records in Q2 2026, up from 26% in Q4 2023.

Those aged six to nine recorded roughly three times as many fundings as companies aged two or less.

[StartupList Africa @StartupListAF]

African startups raised $344M in August. 🌍

Eight disclosed rounds covered mobility, payments, defence, workforce software and agriculture.

Moove’s $250M round made up 72.7% of the total. The other seven shared $94M.

Full breakdown: 👇🏾

[StartupList Africa @StartupListAF]

Africa’s five biggest years for recorded drone procurement have all come since 2020.

Now @terraindustries has closed a reported $52M seed round.

Could this mark the rise of African defense tech?

The numbers behind the question. 1/8

[StartupList Africa @StartupListAF]

Moove (@moove_io) is Africa’s newest unicorn 🦄

The Nigerian mobility fintech has a reported $2.1B valuation, bringing Africa’s total to 10 private startups valued at $1B+.

Nigeria has six of them.

Checkout the Full list of Africa's unicorns below.

[StartupList Africa @StartupListAF]

1/5 Leading African fintechs are using stablecoins to settle cross-border business payments.

Customers still pay by bank transfer and receive local currency or mobile money. The token moves value in between.

Here’s how the stack is coming together:

[StartupList Africa @StartupListAF]

Here are the top fintech cities in Africa

🥇 Lagos leads with 635 (composite) points, unsurprisingly taking the top spot, but the chase pack is heating up.
🥈 Nairobi: 310 points
🥉 Cairo: 273 points

Detailed article in the comments.

[Bob 🛸 @youngbobby]

Paystack has definitely been in the news over the past 24hrs.

[StartupList Africa @StartupListAF]

One of our favorite features of the new StartupList Africa Dashboard is the real-time Ecosystem Feed! 🚀✨

Now you can effortlessly stay updated with Africa’s startup ecosystem, from events and investment announcements to product launches, all neatly organized in one place!

[Startup News Africa @DataAfrica_]

@StartupListAF 🚀✨

[StartupList Africa @StartupListAF]

Hello Everyone! ✨

We're excited to begin rolling out the brand new StartupList Africa Dashboard to our new and existing users 📡

The new dashboard brings you real-time insights across the African startup ecosystem, with up to 92% data accuracy.

Here's a sneak peek:

[Bob 🛸 @youngbobby]

First look at the new StartupList Africa dashboard! 🚀✨

Market intelligence at its finest.

Powered by realtime data.

[StartupList Africa @StartupListAF]

Join us in building Africa’s leading data insights company

[Startup News Africa @DataAfrica_]

More on the news: https://t.co/jb1Zq6g2rr

[Startup News Africa @DataAfrica_]

E-mobility and energy solutions startup, Solarbox Africa, announced that it has raised a $1 million pre-seed funding round. This funding will help the Senegal-based startup to meet burgeoning demand for its solar-powered electric vehicles (EVs).

[StartupList Africa @StartupListAF]

We are excited to re-launch the StartupList Africa blog—a new home to celebrate and document the African startup ecosystem 🎉🎉

With this re-launch, we are doubling down on our mission to be the powerhouse for anyone who is passionate about the African tech scene.

Join us.

[Startup News Africa @DataAfrica_]

Her resignation, which she disclosed during a company-wide meeting on 29 October, follows a period of expansion, but financial challenges for the company.

[Startup News Africa @DataAfrica_]

Cikü Mugambi, CEO of Kobo360, a logistics startup that provides access to trucks for businesses like Dangote, Unilever, and Flour Mills, has resigned after one year.

https://t.co/Xdxzo4uuTp

[StartupList Africa @StartupListAF]

Last week, @Moniepoint became Africa’s newest unicorn! 🦄✨ They’re now the 8th African startup to reach this milestone.

Here are some highlights into their journey:

💰 $166M+ in funding
💲 $1B valuation
🚀 $182B processed in 2023
🏦 Supporting over 2M businesses

[Startup News Africa @DataAfrica_]

Moniepoint has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at using this funding to power the dreams of millions of businesses and customers across Africa and the globe. #UnicornAlert🦄
https://t.co/hSyta0xbsu