Flutterwave Aims For An IPO On Nasdaq
Moove goes electric in the UK and Jumia wants to deliver your goods with drones
What’s happened this Week:
Moove goes to the UK with Electric Vehicles
Wasoko partners with Zanzibar government for “Silicon Zanzibar” initiative
Jumia Partners With Zipline For On-Demand Drone Deliveries In Ghana
and more…
Flutterwave Inc, the popular African fintech, has been in the news a lot lately. This week, it was reported by Bloomberg is preparing for an initial public offering (IPO) on the Nasdaq stock exchange.
The company is planning to use the funds to expand operations in its existing markets and enter new ones in Africa, according to their Chief Financial Officer Oneal Bhambani.
Earlier this year, Flutterwave raised a series D round of $250 million which valued the company at $3 billon.
Lately, the company has faced a lot of negative press including allegations of harassment and money laundering in the Kenyan market.
Flutterwave recently received a new payment license in Nigeria as it pushes towards its IPO.
We’ll have to wait and see what happens as Flutterwave tries to go public in the near future
In The News This Week
Moove Partners With Uber UK To Bring Thousands Of Electric Vehicles to London
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in London as part of its global expansion
Anchor, A Banking-As-A-Service Platform Joins Y Combinator’s S22 Batch
Anchor, a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as the first African BaaS and embedded finance platform.
Grey Raises $2 Million to Simplify Cross-Border Payments Across Africa
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless foreign payment process.
Wasoko Becomes Official Private Sector Ambassador for “Silicon Zanzibar” Initiative
Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government.
Duplo Raises $4.3 Million In Seed Funding Round To Transform Business-to-Business Payments In Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
Jumia Partners With Zipline For On-Demand Drone Deliveries In Ghana
Jumia, the pan-African e-commerce company, has announced a partnership with Zipline to launch on-demand drone delivery in Ghana.
Featured Articles
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Africa Ecosystem Funding Activity
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