Logistics Firm Kobo360 Might Not Survive This Year
Plus: Insurtech Naked raised $38 million and Waza launches multicurrency platform
The logistics platform Kobo360 reportedly fired 30 employees last year in November. The company has been having problems with raising capital and the news is that they might not have enough funds to last this year
We’re just keeping the lights on,” one employee told news site TechCabal.
In The News This Week:
South Africa Insurtech Naked Raises $38M to Expand AI-Powered Insurance
South African insurtech Naked secured a $38 million Series B2 funding round, marking a significant milestone in its mission to revolutionize insurance with AI and automation
Nigeria Fintech Piggyvest Paid Out ₦835B to Customers in 2024
Nigerian fintech giant Piggyvest had a banner year in 2024, paying out ₦835 billion to customers, crossing 5 million users, and seeing significant growth across its ecosystem.
Waza Launches Lync, a Multi-Currency Platform for Emerging Market Businesses
Waza’s new platform, Lync, is addressing companies incorporated in the US, UK, or EU that face significant barriers to accessing essential financial services
In the rest of the news:
Sam George Named as Minister-Designate of Ghana Ministry of Communication
Starlink is Averagely Cheaper Than Most Leading ISPs in Africa
Kenya Makes Travel Exemption for Majority of African Nationals
Logistics Firm Kobo360 Laid Off 30 Employees in November 2024
Africa Ecosystem Activity
SA travel booking platform Conservio raises $1m to scale operations
Egyptian payment orchestration platform MoneyHash raises $5.2m pre-Series A funding
Egyptian fintech Raseedi acquires counterpart Kashat to broaden its product offering
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