venture capital

Ventures Platform names Damilola Teidi as Head of Platforms and Networks

Damilola Teidi has been appointed as the first-ever Head of Platform and Networks for African venture capital firm, Ventures Platform. Teidi, who before joining Ventures Platform was Director of Startup Support at Co-creation Hub, will now oversee the venture firm’s efforts to support its portfolio companies. She will lead a team focused on building and […]

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Venture Capital

IFC launches $225M venture platform to back startups in Africa, Central Asia, Middle East

The International Finance Corporation (IFC) has launched a $225 million venture capital platform to back early-stage startups in Africa, Middle East, Central Asia and Pakistan. The fund, announced in a statement on Tuesday, will make equity and “equity-like” investments in tech startups to “grow them into scalable ventures that can attract mainstream equity and debt […]

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How Wave is surfing the economic slump

Wave, a leading mobile money service, gained a household name in francophone West Africa four years ago for two reasons: shattering monopoly and reducing the mobile money pricing structure by 80 percent in Senegal. Following its $200 million fundraising last year, it became the first unicorn from the Francophone Africa region, gaining prominence in the […]

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Technology Venture Capital

Youverify secures additional $1 million seed funding to expand product reach

Youverify, a Lagos and San Francisco-based identity verification company that assists African banks and startups with Know Your Customer (KYC) and other compliance procedures, has announced a $1 million seed round extension following a $1.5 million round in 2020, bringing its total seed raised capital to $2.5 million. Orange Ventures and LoftyInc Capital, two Africa-focused […]

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